FOCUS OF THE WEEK! - Ester Holdings


Dear traders,

The upcoming week will be full of meetings of major world Central Banks and inflation reports.

The beginning of the week will be very restrained by the data. From the planned statistics, it is worth to highlight data on industrial production in China, which will set market sentiment. On Tuesday, the RBA meeting minutes, economic sentiment in Germany and the eurozone, and industrial production in the United States are  worth highlighting. This will provide a very volatile trading Tuesday.

On Wednesday, the saturation of the economic calendar will peak. At the start of the day, there will be data on current operations in New Zealand and the trade balance in Japan. At the European session, market attention will shift to data on consumer inflation in the UK and the eurozone. The US trading session will also be saturated with data on the US construction and inflation in Canada. But the publication of the US Federal Reserve monetary policy meeting results will be the main event of the day and week, it will shift the focus of the market.

On Thursday, the saturation of the economic calendar will continue. At the beginning of the day there will be data on New Zealand’s GDP and employment in Australia. The European session will be fully devoted to retail sales in the UK and the Bank of England meeting  results. At the end of the day, data will be published on manufacturing activity and real estate sales in the US secondary market. Friday will close the week with a bit of data. Japan will publish inflation data, producer prices in Germany and retail sales in Canada.

The expectation of the US Federal Reserve meeting on monetary policy, from which the rates cut is expected, will be the fundamental risk factors for the market, it will put pressure on the American dollar. It is also worth noting the dynamics of improving the US – China trade relations, which will support risky assets.

The corporate reporting calendar for the week will be almost empty, several reports will be released. (Anton Hanzenko)

Have a good trading week!
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