The new week of February, apart from freezing and nasty weather (which is explainable), will bring in tow a flow of statistics from the USA and Great Britain, as well as the minutes of the sessions of the ECB and Fed. No steep turns are expected here, however, you never know in advance.
Author: Anna Rostova
The second week of February will focus on the same assets as the first one: oil and the USD. Both look overbought, but while investors are benevolent, they might go on growing, even from such high prices.
The first week of February will provide some understanding of the US employment sector, which is important for evaluating the perspectives of planned stimulation; also, we will see the results of some Central banks’ sessions. On the whole, no surprises are expected on either side – this means that the current state of affairs in the currency market can stay without change.
The last week of January will bring in tow a flow of US statistics, more sessions of Central banks, and a meeting of the US Fed. Things will be, at least, curious.
The third week of January will become the time of Central banks, while the USA will see the inauguration of Joe Biden, the president elected. These events will be enveloped in news, so investors will not have time for boredom.
This new week of January is unlikely to be eventful: the market has just got a whole load of news and is busy analyzing it. Oil is pricey, the risk seems appealing, and the nearest future does not look complicated.
One shouldn’t expect a Pre-New Year week to be feverish or volatile: everything that had to happen has already happened. It’s time to take a break to save strengths and come back to financial markets in the New Year as fresh as paint.
It is unlikely that this Christmas week, the last full week of this weird year will surprise us with some breakthroughs or drastic changes. Let us just celebrate the Catholic Christmas and hope that the elves are in good mood.
The new week of December might seem interesting only because there are plenty of Central bank conferences scheduled for it. We will discuss them separately.
Central banks of the world are ready for new conferences and discussions of their credit and monetary policy, statistics keep being published, and the market is still excited with the risk and neglects the overbought state of currencies.