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 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.
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.