Expectations for the upcoming week
The coming week promises to be saturated with both statistics and meetings of the Central Bank. At the same time a lot of key events are expected during the week: the meeting between Trump and the leader of North Korea and the start of the World Cup 2018.
The economic calendar for a week will please very significant statistics, among which I want to note data on the UK, which will be published every day until Friday. And this series of events will have a significant impact on the British pound, especially against the background of new data on Brexit.
In addition to numerous statistics, the sessions of the US Central Banks (on Wednesday), the euro zone (on Thursday) and Japan (on Friday) will take place during the week, which, in turn, will cause a wave of volatility in the market. So, from the US Federal Reserve will expect hints on the number of rate hikes this year and raise the current rate. The ECB is rumored to discuss the possibility of curtailing the QE stimulus program in the euro area.
In addition to the main news of the week, Tuesday will be a meeting between Trump and the leader of North Korea, which can become a landmark not only for Korea, but also for the Asian region.
Hanzenko Anton
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