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What to expect this week
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Loading...Germany had already made a choice at the beginning of last week, with Angela Merkel's party again leading in the Bundestag. This news, however, failed to lift the euro as Merkel's result would force her to seek a coalition with another party, something we may not see until the end of 2017. This put some pressure on the euro as the indexes grew. US indices also rose after Trump introduced its renewed Tax Plan, which aims to reduce taxes to 20%. During the week, we did not see any stir by North Korea, and this and the other factors contributed to the decline in JPY and Gold prices.
Next week the event that all investors will expect is Non-Farm Payrolls from the states on Friday. Given this, lower volatility and caution on the part of investors are expected during the week. This could lead to a rise in gold and JPY, and worse data could expect a drop in the dollar. Throughout the week, China will be a non-working day, and this will help lower volatile Asian sessions. We remain on the alert, watching the situation in North Korea closely, and at any provocation we can expect a growth of JPY and GOLD.
Monday
Holiday in China
01:30 Australia - AIG index in manufacturing
02:50 Japan - Tankan Large manufacturers index - Q3
10:15 Switzerland - Retail Sales
10:15 Spain - Manufacturing PMI
10:45 Italy - Manufacturing PMI
10:50 France - Manufacturing PMI
10:55 Germany - Manufacturing PMI
11:00 Eurozone - Manufacturing PMI
11:30 UK - Manufacturing PMI
12:00 Eurozone - Unemployment rate
16:45 USA - Manufacturing PMI
17:00 US ISM Manufacturing PMI
17:30 Canada - BoC Business Prospects
Tuesday
Holiday in Germany, China and South Korea.
00:00 New Zealand - NZIER business confidence
03:00 Australia - HIA Home sales
04:30 Australia - Building permits
06:30 Australia - RBA interest Rate
06:30 Australia - RBA Report on the Baseline Interest Rate Decision
11:30 UK - Markit/CIPS Construction PMI Index
23:35 US - API oil inventories
Wednesday
Holiday in China and South Korea
10:15 Spain - Services PMI
10:45 Italy - Services PMI
10:50 France - Services PMI
10:55 Germany - Services PMI
11:00 Eurozone - Services PMI
11:30 UK - Services PMI
15:15 ADP Non Farm Payrolls
16:45 USA - Services PMI
17:30 USA - Oil Inventories
Thursday
Holiday in China and South Korea
03:30 Australia - Retail sales
03:30 Australia - Trade Balance
10:15 Switzerland - Consumer Price Index
14:15 Eurozone - Protocol from the European Central Bank meeting
15:30 US - Trade Balance
15:30 US - Jobless claims
15:30 Canada - Trade Balance
17:30 US - Natural gas inventories
Friday
Holiday in China and South Korea
10:30 UK - Halifax House Price Index
15:30 USA - Non-farm Payrolls
15:30 USA - Unemployment rate
15:30 Canada - Unemployment Rate
Jr Trader Petar Milanov
Varchev Traders Read more:
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