FOCUS OF THE WEEK!
Dear traders,
The upcoming week promises to be saturated with significant statistics for the UK and the eurozone.
The opening of the week promises to be very volatile, and not only due to the further recoupment of data on US employment published on Friday, but also published data on GDP of Japan and the UK. As a result, activity in national currencies will increase. On Tuesday, market attention will remain focused on UK employment and inflation data in China.
On Wednesday, the saturation of the economic calendar will decline, and producer prices and US oil reserves should be highlighted from published data. On Thursday, the calendar will be full of significant data. One of the main events of the day and week will be the publication of the results of the ECB meeting, which is expected to reduce the rate on deposit funds. Also on this day, data on inflation in the United States will be published and a speech by the ECB Governor Draghi will be held. On Friday, it is worth noting: data on the trade balance of the eurozone and retail sales in the United States.
The fundamental risk factors for the market remain the risks of a tough Brexit and the possibility of stimulating the US economy. These data has come to the fore in the face of reduced trade risks between the US and China .
The corporate reporting calendar for the week will be almost empty. (Anton Hanzenko)
Have a good trading week!
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