What to expect from the last week of the month

Asian markets are likely to open calm and might remain so until the end of the session, because it will not be published data to affect trade. The first news will come from the Eurozone with the publication of the figures for IFO index of business confidence in Germany. Four consecutive months the index moves with a slight increase, but estimates are that this trend will not continue. Monday will be exported data on sales of new homes in the US. Indicators from Europe and the US, which will be published during the first day of the week probably will not prompt the markets to higher volatility.

On Tuesday, New Zealand will publish the figures of the trade balance. The negative balance in recent months has increased progressively due to possible higher volatility during the release notes. On the same day Britain will give preliminary data on GDP. It is possible exchanges of the island are under pressure throughout the day, it is likely that the GBP, and the FTSE 100 index to account movements in large limits. US Consumer Confidence will determine the mood of financial markets overseas.

On Wednesday, Asian markets will be influenced by data expected from Japan and Australia. Retail sales of Japan will try to raise the spirit of the JPY, but the values ​​that are expected to be quite difficult. CPI of Australia may raise AUD against major rivals. During the US session will understand FOMC decision on interest rates and on the decision of the RBNZ interest rate of New Zealand. It outlines to be quite hot in the stock markets.

It is in the fourth day of the week is possible preliminary GDP data for the United States to continue to maintain the tension in the markets,

The economic calendar in the week ending is quite crowded. Expected building permits from New Zealand, and business confidence NBNZ. In the Asian session, Japan will deliver data for CPI, is forecast to decline, which could have a negative impact on the yen. The statement by the Governor of the Bank of Japan - Kuroda could further affect the volatility of the JPY. GDP of Canada can support CAD and weekends to meet the green territory.

E.Dimitrov JrTrader