FOCUS OF THE WEEK!
Dear traders,
This week there will be a small amount of news, especially in its first half.
On Monday, the data on the trade balance of Japan and the meeting results of the Central Bank of China should be highlighting from the planned data. But the main driver of market volatility at the opening of the week will be the results of voting on the Brexit deal in the UK Parliament, which will be held on Saturday. Tuesday will maintain restraint on the economic calendar, the retail sales in Canada and sales on the secondary real estate market in the United States will be published. On Wednesday, it is worth to note data on the trade balance of New Zealand, wholesale in Canada and oil inventories in the United States.
On Thursday, the calendar will be full of data thanks to preliminary data on business activity (PMI). The publication of the ECB meeting results, which is expected to maintain monetary policy unchanged will be the main event of the day. On Friday, it is worth to note the business climate in Germany, which will have a restrained effect on the euro.
Negotiations on Brexit will remain the fundamental factors for the week, especially at the start of the week. Also, do not forget about the US – China trade relations, which continue to have significant weight.
Corporate reporting calendar will be saturated this week. The following corporate reports are worth highlighting this week: McDonald’s (MCD), Procter & Gamble (PG), Boeing (BA), Caterpillar (CAT), Microsoft (MSFT), 3M (MMM) and Twitter Inc (TWTR). (Anton Hanzenko)
Have a good trading week!
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