FOCUS OF THE WEEK!
Dear traders,
The upcoming week will be saturated with significant data on inflation, GDP data and the meetings results of the Central Bank of the major world economies.
On Monday, the economic calendar will be virtually empty. There will be data on the trade balance of Japan and Germany, which will have a restrained influence on national currencies. On Tuesday, the economic calendar will be more diverse news, of which it is necessary to highlight an employment data in Switzerland, construction in Canada and open vacancies in the United States.
Starting from Wednesday, the saturation of the economic calendar will reach a maximum, which will continue until the end of the week. On Wednesday at the start of the day, there will be data on consumer inflation in China, which will set the mood in the stock markets. In the European session, the focus of the market will be focused on data on the trade balance and UK GDP, which will set the tone for trading. In the American session, market attention will be on the results of the Bank of Canada meeting, which is expected to preserve monetary policy. And the publication of the FOMC protocol, in which the market will look for hints of further US monetary policy.
On Thursday, the day is full of data on the consumer price index (CPI) of Germany, France and the United States. Also on this day will be the publication of the ECB protocol. Of particular note are data on consumer inflation in the eurozone and the United States, which have a significant impact on monetary policies.
On Friday, the closing of the week will also be full of news. Preliminary at the beginning of the day, there will be data on China’s trade balance, which will affect the general market sentiment. In the US session will publish data on the US production and the US Federal Reserve report, which will have a significant impact on the American.
Of the fundamental factors, it is worth to highligh the expectation of the market for the US – China trade talks, information on which will be perceived very sharply. (Anton Рanzenko)
Have a good trading week!
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