Expectations for the upcoming week
The current week will begin with a restrained dynamics because of the weekend on Monday in the UK and the US. Therefore, the beginning of the week will be limited by the low activity, especially the second half of the day. On Tuesday, activity on the market will gradually recover on the all trading platforms.
In terms of news, despite a short week, the economic calendar will be full of events, starting from Wednesday. In addition to the publication of data on GDP in the US and Canada, market will be focused on preliminary data on inflation in the euro area on Thursday. But the main event of the week will be the publication of a report on employment in the US, which investors will expect all week.
The oil market in the coming week is likely to continue to have fears that OPEC will revise quotas for oil production. Any rumors or statements will be regarded as a driver for the movement of the oil market. Therefore, the market of oil and commodity currencies is expected to be a very volatile.
Also, read: “Fundamental analysis: The labor market and its impact on the dynamics of the national currency.”
Hanzenko Anton
We would like to remind you that you can always get acquainted with the upcoming news in the Economic Calendar, and in the Analytics section there are technical analysis, experts’ opinions and Trade signals!
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