Market focus

On Wednesday, 29.05.2019, the day will be full of news. At the start of the day, market attention will be focused on the speeches of the Bank of Japan and the RBNZ Governors. Speeches will cause an increase in volatility in national currencies, and since they are expected to have very mild rhetoric in terms of risk, pressure on the national currencies of these countries is not excluded.

The European trading session will be saturated with data on French GDP and employment in Germany, which will set the tone for trading in euros. At the same time, the European session will become the main source of statistics, which may cause an increase in volatility. In the American session, the Bank of Canada meeting results are worth highlighting.  It is expected to keep monetary policy unchanged, but the possibility of soft rhetoric aimed at further easing monetary policy in Canada is not excluded.

Hanzenko Anton