The end of July turned out to be extremely volatile for capital markets. August is traditionally considered a troublesome and unpredictable month for finance and assets; nonetheless, the beginning of the month may let us pause and make our thoughts clear.
Tag: a week in the market
The beginning of the last week of July looks totally unexpected: the euro has renewed its two-year peaks, gold has hit its all-time high, while cryptocurrencies have at last demonstrated a clear trend. What is next?
A new week of July is going to be quiet: statistics are scarce, the EU leaders keep discussing what money to use for restoring the economy, oil remains under pressure, new cases of the coronavirus keep multiplying. Nonetheless, the currency market is cheerful, eager to risk.
The new week of July will be full of statistics, news from global Central Banks and, perhaps, fresh OPEC+ information. Miss volatility? It seems to be at the door.
Another week of July is already here, and the expectations are neutral. It offers statistics – but not fatal, actions of Central banks – but predictable, and news – but pretty stable. It is high time to breathe out and relax a bit unless the news flow brings up something unexpected.