Market focus

On Wednesday, 14.11.2018, the day will be full of statistics. At the Asia-Pacific session, market attention will be focused on Japan’s preliminary GDP and statistics for China. Expectations regarding Japan remain very negative, which will increase pressure on the Japanese yen against the background of growing optimism. Expectations regarding statistics for China remain quite restrained. However the data on China will set the mood on the stock exchanges.

At the start of the European trading session, the market will expect preliminary data on Germany, the expectations for which are very modest. It is worth noting that in the afternoon there will be a publication of preliminary data on eurozone GDP, which should be considered in conjunction with statistics for Germany.

Also in the European session the UK inflation report will be published. Despite very positive expectations, it is likely that it will have a restrained influence on the British pound in the light of weak employment data in the UK and the risks around the Brexit talks.

The main event of the US trading session will be the publication of the inflation report in the US in October, expectations for which remain very positive, which will contribute to the growth of the dollar on the expectation of this news. It is worth noting that when confirming forecasts, the American dollar will also receive support from the increased likelihood of the Fed raising rates in the near future.

Hanzenko Anton