FOCUS OF THE WEEK!
Dear traders,
The last working week of March will also be saturated with CB meetings and GDP data.
The start of the week will be relatively calm in terms of news. On Monday, data on the business climate in Germany will be publish. On Tuesday consumer confidence and data on construction in the United States will be released.
Starting from Wednesday, the economic calendar will be saturated with data. On Wednesday, they will publish the RBNZ meeting results, the ECB President will make a speech, and a series of speeches by representatives of the world central banks will also be held throughout the day. On Thursday, market attention will shift to data on the US GDP and inflation in Germany. Closing of the week will be filled with news on inflation in Japan and the Eurozone, and GDP data for the UK and Canada.
The corporate reporting calendar remains almost empty. There will be a small number of reports.
From fundamental factors it is worth highlighting the continuation of negotiations on Brexit. Thus, the UK did not receive a delay on Brexit, which significantly increased the chances of the UK leaving the EU without a deal.
Also during the week further development of the US-China trade tensions is possible. The reason for these concerns was the preservation of customs tariffs by the United States with respect to Chinese goods, which could revive the trade confrontation between these countries later. (Anton Hanzenko)
Have a good trading week!
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