FOCUS OF THE WEEK! - Ester Holdings
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FOCUS OF THE WEEK!

Dear traders,

This week, a significant number of publications of the world central banks meetings minutes and speeches of their representatives are expected. In addition to the planned data, the market will follow the development of trade opposition and political risks around the EU parliamentary elections.

The start of the week will be very restrained on the news, will release only preliminary data on Japan’s GDP. The increase in volatility in the market on Monday can cause data on the trade war, published on weekends.

Starting on Tuesday, the economic calendar will be saturated with meaningful data. On this day, special attention should be paid to the speech of the US Federal Reserve Chairman Powell, the publication of the RBA meeting minutes and the report on the secondary housing market in the United States.

On Wednesday, the saturation of the calendar with speeches and significant statistics will remain. At the beginning of the European session, the ECB President Draghi’s speech will take place, an inflation report will be published in the UK, retail sales data will be released in Canada, and the US Federal Reserve Protocol will be published at the end of the day.

On Thursday, the whole day will actually be devoted to data on the eurozone. At the beginning of trading in Europe is expected to publish data on GDP and business activity in Germany. Closer to the middle of the day, the ECB protocol will be published, which will cause a noticeable increase in euro volatility.

On Friday, the closing of the week will be very restrained on the news. Of the few statistics worth highlighting UK retail sales and orders for durable goods in the United States.

The corporate reporting calendar is full this week.

The main factor of fundamental risks in the week continues to be the US and Chinese trade war, from which they will expect further development of tension. Also this week there will be parliamentary elections in the eurozone, which is also a risk factor for the EU, since Brexit questions remain open. In addition to political and trade risks, there is also the possibility of military risks in the Middle East under the conditions of complete export isolation of Iran. (Anton Hanzenko)

Have a good trading week!
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