Fundamentals to watch out for this week

In terms of volatility risks, this week is relatively quiet, however, there are several events one needs to keep a tab on.

What to watch for over the coming days:

• Central Banks:

Bank of England (BoE), and Swiss National Bank (SNB) will announce interest rate decisions on Thursday.

• Economic data:

Canada’s inflation report on Friday. United States’ housing statistics throughout the week.

• Geopolitics:

OPEC producers and non-OPEC participating countries would meet on Friday to discuss the production cuts. The market is expecting production ceiling easing by a million barrels.  

Along with the above fundamentals, unscheduled Brexit commentaries, Trade war actions, happenings in the Middle East, Italy, and Korean peninsula are likely to keep influencing the market.

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