Market focus

On Wednesday, September 19, 2018, the day promises to be saturated with statistics. At the Asian session, investors’ attention will be focused on the Japanese data. At the start of the day, there will be data on Japan’s trade balance with a significant impact on the market,  against the background of the Bank of Japan meeting results that will  be released today also. The Bank of Japan’s report does not expect changes in monetary policy, but comments about the risks may cause volatility of the yen.

At the European session the focus will be on data on consumer prices in the UK. Expectations regarding it remain very mixed.

At the American session, there will be data on real estate in the primary market in the US, the figures for which remain restrained positive and can support the American dollar. Speech of the ECB President Draghi will be at the start of the American session and can cause the growth of volatility in the market. The day will be closed with the data on oil inventories in the US from the EIA, where  stock reduction is expected.

Hanzenko Anton