Earlier this week, we saw a calm in the markets. Investors had forgotten the geopolitical tensions between North Korea and the US, and the markets were dominated by the risk-on moods. On Thursday, however, the US president imposed a number of sanctions on North Korean trading partners. North Korea's response came fast as Kim Jong Un warned that Donald Trump would pay dearly. Shortly afterwards we saw a statement by North Korean Foreign Minister Ri Yong Ho, who said his country was thinking of a hydrogen bomb test in the Pacific. This has frightened investors, and on Friday we have seen the domination of safe-haven instruments such as JPY, CHF and GOLD. The pound also fell on Friday after Theresa May said Britain would come out completely from the EU in 2019.
The elections in Germany and New Zealand will be the most important thing for the markets next week. Angela Merkel is expected to win in Germany, which is positive for the country and for the euro, but in case of surprises, we can see a sharp drop in the price of the single currency. The New Zealand dollar is boosted as recent studies have shown that the New Zealand National Party leads Labor before the parliamentary elections. We will also expect to see how the North Korea-US situation will develop. If there is a new exchange of words between the two leaders, we expect the increase of safe-haven to continue.
Monday:
11:00 - Germany - Business Expectations
11:00 - Germany - Ifo Business Climate
Tuesday:
00:45 - New Zealand - Import / Export
00:45 - New Zealand - Trade Balance
04:00 - New Zealand - ANZ Business Confidence
17:00 - US - CB Consumer Confidence
17:00 - USA – New Homes Sales
Wednesday:
11:30 - UK - Business Investments
11:30 UK - GDP
15:30 - USA - Durable Goods orders
17:00 - USA – Pending Home Sales
17:30 – USA - Crude Oil Inventories
23:00 - New Zealand - RBNZ Interest Rate Decision
Thursday:
09:00 - Germany - GfK German Consumer Climate
15:00 - Germany - CPI
15:30 - US - GDP
Friday:
02:30 - Japan - Household Spending
02:30 - Japan - Jobs/applications ratio
02:50 - Japan - Industrial Production
04:30 - Australia - Private Sector Loans
09:00 - Germany – Retail Sales
11:00 - Germany - Unemployment rate
13:00 - EU - CPI
15:30 - Canada - GDP
16:45 - USA - Chicago PMI
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.