FOCUS OF THE WEEK!
Dear traders,
The coming week promises to be less saturated then the previous week, but a significant number of speeches by representatives of the world’s central banks are also expected during the week, in most cases within the framework of summits. Several meetings of the Central Bank, Switzerland and the United Kingdom are also expected from the coming week.
The beginning of the week will be restrained if we don’t take into account the speeches of Draghi and Powell, but no loud statements should not be expected after press conferences last week. Growth in volatility at the beginning of the week could trigger the publication of the RBA protocol on Tuesday. But it will also have a local character.
The peak of volatility is expected on Thursday while publishing the results of the meeting of the Central Bank of Switzerland and the UK. In addition, as a rule, a volatile meeting of the Bank of England, from which don’t expect changes in monetary policy, attention should be paid to the publication of the results of the National Bank of Switzerland and the subsequent press conference.
The week will be closed by inflation data in Canada and statistics on business activity in the euro area.
The calendar is more saturated with corporate reporting this week. The reports will be published by Oracle (ORCL), Micron (MU), Darden Restaurants (DRI), Kroger (KR), Patterson (PDCO), Red Hat (RHT) and CarMax (KMX).
Also in the week OPEC meeting is expected, which will take place at 20-22 numbers. At this meeting, the market has long speculated and expects an increase in quotas for oil production. Therefore, by the end of the week, the oil market will be completely influenced by the news and statements of OPEC. (Anton Hanzenko)
Have a good trading week!
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