FOCUS OF THE WEEK!
Dear traders,
The upcoming week will be saturated with significant data that will ensure high volatility throughout the week. Numerous weekends in some countries will increase volatility in certain currencies.
Throughout the upcoming week in Japan, the weekend, and starting from Wednesday until the end of the week, the weekend will last in China. In this period, it is possible unjustified movement in the national currencies of these countries.
From Tuesday’s news, it’s worth to highlight data on China’s business activity, employment in Germany, Canada’s GDP and consumer confidence in US real estate sales. On Thursday, market attention will be focused on employment in New Zealand, business activity in the manufacturing sector in the UK and the USA. The main event on Wednesday will be the publication of the Fed meeting minutes with a further press conference, from which the market will expect hints at further US monetary policy.
On Thursday, data on business activity in the manufacturing sector will be released in China and Germany. The focus of the market on this day will be directed to the Bank of England meeting results, which is likely to keep monetary policy unchanged.
On Friday, in addition to an inflation data in the eurozone and business activity in the UK, the main event of the day and week will be an employment data in the United States. Expectations regarding them remain very positive, but can be significantly limited by the results of the US Federal Reserve meeting, which will be held on Wednesday.
The corporate reporting calendar remains saturated. From the published reports it is worth to highlight: Monday: Alphabet A (GOOGL), Tuesday: Apple (AAPL), General Electric (GE), McDonald’s (MCD), Merck & Co (MRK). Also, the week will be saturated with the publication of corporate reports on other large companies.
Of the fundamental factors, the US sanctions against Iran that will entry into force on May 2 should be highlighted. This can cause a marked increase in volatility in the oil market. (Anton Hanzenko)
Have a good trading week!
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