Expectations for the upcoming week
The beginning of this week promises to be very restrained. On Monday, the OPEC settlement is expected in advance, which, in turn, will have a deterrent effect on oil. Also on this day there will be several statements by representatives of the Fed. But the main tone in the market will continue to ask the news about the termination of the trade confrontation between the US and China.
On Tuesday, the market will be on data on the UK, namely on the speech of the head of the Bank of England and the inflation report in the UK, which increased pressure on the pound, due to correction of positions before these news.
On Wednesday, the day is very full of news, including business activity in Germany, inflation in the UK and data on home sales in the US. As a result, trades on this day can be very volatile.
Thursday is also full of statistics on Germany’s GDP, sales in the UK, the ECB protocol and real estate sales in the US. The ECB protocol may have an ambiguous impact on the market, triggering an additional increase in volatility after the restrained results of the Central Bank meeting.
On Friday, the market will be focused on UK GDP and basic orders for durable goods in the US. The main event of the day will be the speech of the head of the Federal Reserve Powell.
Hanzenko Anton
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