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What to expect next week
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Loading...USD - The dollar traded with a decrease this week because of the anticipated reform of healthcare and uncertainties regarding future actions of the Trump's administration. Next week we can expect a rise in the dollar, after the negative series from the previous week. Although the vote to change the health care system was adopted, Trump said he would act on the plan to drive tax reform and infrastructure costs.
GBP - The pound traded strong this week. On Thursday, there was an attack on parliament in London with 2 killed and many more injured, but markets wasn't affected too much. Sterling remained strong. We expect the launch of Article 50, which will probably lead to a decrease in pounds, but will not be as strong because the negativity about Brexit is already played out.
EUR - The euro remained strong this week, despite uncertainty about upcoming elections in France. For now awaiting Le Pen and Emanuel Macron face runoff in the second round of elections. If Le Pen won a danger to urge the country to exit the euro zone, which would adversely affect the euro.
Indices - If you still accept reform to change Obamacare, it will be positive for the index. This week was the worst for the index since November because of uncertainty about the vote on health reform, because Trump's inauguration he said he would move to tax reform, having first changes made to the healthcare system. The corresponding delay in the vote, led to negative expectations that others promised actions will slow down.
Gold - Gold traded with an increase because of the weak dollar. Next week if the dollar strengthened, probably the gold price will fall.
Petrol - At the end of the week there will be a meeting of OPEC on reducing crude oil to the members. If they reach an agreement we can expect an increase in oil prices after a string of declines due to the world's largest reserves.
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What to expect next week on the economic calendar.
On Monday we expect data on the business climate in Germany.
Tuesday will be US data on consumer confidence. In Canada, will speak Gov Poloz from Bank of Canada.
Wednesday will be published data for home sales and oil inventories in the US.
On Thursday data expected for US GDP for the first quarter. Probably there will be movement in the crosses with the dollar. Later Kalpan, member of the FOMC will speak.
On Friday there is evidence of China's manufacturing PMI. In Europe, we expect German retail sales and unemployment data, French CPI and consumer spending for February. In Velikobritanyai will come GDP data, which will influence the price of the pound. Later expected CPI Europe and BVM in Canada.
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