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.
The new week when June ends and July begins, will be full of statistics, influencing the currency market. The coronavirus is showing itself again – hence, there will be no room for boredom.
The oil cartel is keeping capital markets positive, while the labor market in the USA demonstrates hidden power. There is little that can spoil the investors' mood except for the overbought state of the market. In the new week, market players may go on buying until they decide that things are getting too expensive.
In January 2020, Boeing (NYSE: BA) planned to take aloft the 737 MAX 8 aircraft that had been on the ground since the crash. The company failed, and now the idea has become useless.
Well, here we have yet another week of April; this month has become a mock vacation for the majority of citizens, a disaster for a large number of businesses, a revelation of a row of economic problems. Not much has changed since last week. However, there is good news: outside is spring, and summer is coming. Judging by the Chinese experience, the quarantine will come to its end someday, and life will get back to normal.
People stay self-isolated all over the world while economies receive more and more support from Central banks and financial authorities. At the same time, the commodity market remains turbulent, and the currency market is getting agitated.
The virus spreading across the globe has been the main market driver for several weeks. It seems like since 2014 there has not been anything similar, influencing both the worlds of fiat and crypto money.
This new week of November is saturated with the speeches of monetary politicians on various levels. This means that capital markets will have enough news to pay attention to and use as drivers in trades.
The discussions of Brexit and the reactions of the pound have long been most vivid. The problem seemed on the verge of solving but alas, the decision is postponed again. The pound is nervous because of Brexit complications, and its perspectives are directly connected to the upcoming end of the drama.