The beginning of summer is promising to be active: the amount of public statistics increases, another OPEC+ meeting is due alongside meetings of Central banks. Things are active, effective, and bright.
A Week in the Market (24.05 - 30.05): GDP Statistics from the USA and General Weakness of the Dollar
The final week of May will be dynamic and bright: the market will be focused on US statistics, meetings of Central banks, and a lot of speeches of monetary and fiscal politicians.
A new week of May will carry along a flow of statistics from Asia and Great Britain; market attention will be focused on the minutes of the Fed. The atmosphere is quite full of news, which leaves little room for boredom.
The new week of April will bring certain results of meetings of several important Central banks and some data from the Canadian and British economies. There will be enough market drivers for investors to choose from.
The third week of April will march under the banner of macroeconomic statistics while monetary policymakers will be quite reserved in their comments. However, this fact won’t decrease the number of catalysts for market fluctuations.
The second week of the month is not too rich in macrostatistics but there are definitely things to look at: the session of the RBA, the comments by Powell, the head of the Fed, and some digits.
A new week of March will bring us several decisions on interest rates, a flow of statistics, and comments of monetary politicians. All this will give capital markets new catalysts.
It is quite possible that 2021 will not be the most comfortable year for the dollar for several reasons. Now let us discuss things in due order.
At the first week of March, the market will focus on everything about oil production and, of course, the US employment statistics. Things will definitely not be boring.
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.
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 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.