Monday, November 6, 2017

Economic Data of the Week

Today's week is filled with somewhat light data mainly from the US and Europe. The data is heavily concentrated on Tuesday when we have Australia's Interest rate decision - expectations are to maintain current rate at 1.50%.

The ECB President Mario Draghi will be holding a speech in the morning European hours. After that scheduled for US afternoon we would hear Fed Chair Yellen speaking about the economic outlook.

With the strengthening of the US dollar and the depreciation of the Euro, the fundamentals might come only to reaffirm current positioning in the market.

Other than Tuesday, the rest of the week will have no major influential events so it would most likely be a calm trading environment.




7 comments:

  1. One should always be aware of the news events during the week that could affect the market.

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  2. Always useful to know what economic data will have impact on the week.

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  3. Very helpful and insightful analysis, excellent.

    ReplyDelete