Market focus

On Wednesday, September 5, 2018, the calendar will be full of events. In the Asian session, attention should be focused on Australia’s GDP data and business activity data in the services sector of China. However, expectations about the GDP of Australia remain very modest, which, if confirmed, will be linked to the US and China trade confrontation. As a result, a new wave of escape from risks is possible.

The European session is saturated with data on business activity in the services sector, which will indirectly affect the market, but can support sentiment as positive or negative.

The US session is saturated with data on the trade balance of the US and Canada. The US trade balance can be a significant stimulus for the movement of the dollar. By the end of the day, the results of the Bank of Canada meeting on interest rates are expected to be published, which will undoubtedly cause an increase in the volatility on the Canadian dollar.

Hanzenko Anton