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.
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.
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.
What are the reasons for it?
The new week that winds up autumn and gives way to winter is going to be eventful: we will enjoy, statistics, meetings of Central banks, and an OPEC meeting. The market will definitely find lots of footholds.
Capital markets are ruled by volatility. The USA are enjoying new President but this is just the top of the iceberg. We expect statistics, meetings of Central banks, and, of course, political events.
October is almost over but still full of news and events; markets are leaping up and falling down in the waves of volatility. The final week of the month will not leave room for boredom.
In the new week of October, capital markets will keep an eye on the election race in the USA and will pay attention to the decision of the Russian CB on the interest rate.
The new week of October promises to be interesting: it features statistics, the monthly oil market OPEC report, and the US presidential election campaign. This autumn can be called anything but boring.
Week #33 on the market was quite exciting. Euro rolled back to lows in 3 weeks, Trump claims Fed, US debt market gives signals of an approaching recession. The currencies of Argentina and Hong Kong are also subject to change due to the latest news.