FOCUS OF THE WEEK!
Dear traders,
The last week of November will be full of speeches and publications of significant data throughout the week. As a result, it is expected very volatile trades in the market, which will last from Monday to Friday.
In the first half of the week, the market’s attention will be focused on speeches by representatives of the world’s central banks, which will add to market volatility. Also I would like to mention the data on consumer confidence in the US, which will be released on Tuesday. The expectations of consumer confidence in the United States remain modest, which may partially limit the US currency.
On Wednesday, the economic calendar is also full of statistics, but the main event of the day will be the publication of data on the US GDP and sales of new homes. The speech of US Federal Reserve Chairman Powell will close the day.
On Thursday, the day is also full of statistics on the United States, among which is the US Federal Reserve meeting minutes. This protocol can be called the main event of the upcoming week, as the market will expect hints about the increase in US rates.
On Friday, the week will be closed by statistics on inflation in Japan, business activity in China, inflation in the eurozone, and Canadian GDP, which will also make the day very volatile.
The corporate reporting calendar will be almost empty this week, which is not strange after the end of the reporting period.
The main fundamental factors continue to be the Brexit negotiations and the Italian budget. As a result, Europe remains under fundamental risks. We should also note the slow relaxation of the USA and China trade tensions. On the other hand, exacerbation of tensions on the border of the United States and Mexico may cause new political risks in the United States. (Anton Hanzenko)
Have a good trading week!
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