Next week is rich of economic data

Next week is extremely rich of economic data, which means that the trading in the financial and fund market will be high volatile with sharp movements in both directions.

Focus will be on the FED decision about the interest rates and the Janet Yellan speaking on Wednesday. Don't miss also "super Thursday" when we see the decision of Bank of England about the interest rates and the stimulus decision. Retal sales in USA are in Tuesday which will give as more clarity about the US economy.

By now expectations are that FED won't change rates, which will have negative impact over USD. This might be brought to next week sentiment. Indexes keep positive sentiment, despite high levels of the short-term growth. ECB decision to decrease interest rates have positive impact over the stock market, and possibility that indexes will keep increase in price is high.

Main factor that moves fund market is oil, then FED and China. Oil price reached key levels of resistance after couple of days rally. Indicators show overbought market, which increase the possibility for a little correction. This is valid also for other commodities prices, where we might see little correction.

Don't forget that markets trade expectations, and now we trade expectations for FED, and they have no ground for increase in rates, so next week might be time for little corrections.

There is high possibility for the dollar to get cheaper to the other cross currencies while waiting for the FED decision.

Movement of the Yen will depend on the stock market movement, which are by now optimistic and that will keep negative impact over JPY.

By now gold was accumulating expectations for risks and new stimulus from ECB, and now stimulus are present, which increase the possibility for profit gathering and correction in down direction.

Here is the list:

Monday: RBNZ Gov Wheeler Speaks

Tuesday: Australia Monetary Policy, Japan Monetary policy, Retail sales USA

Wednesday: Federal Funds Rate USA; Janet Yellen Statement; GDP New Zeland

Thursday: Official Bank Rate UK; SNB Monetary Policy Assessment

Friday: Core Retail Sales m/m Canada