In terms of volatility risks, this week is extremely heavy and the week belongs to the central bankers.
What to watch for over the coming days:
- Central Banks:
Bank of Japan (BoJ) will announce interest rate decision on Tuesday. U.S. Federal Reserve will announce the rate decision on Wednesday. Bank of England (BoE) will announce the rate decision on Thursday.
- Economic data:
German HICP inflation numbers on Monday. China PMI reports on Tuesday. Eurozone GDP report on Tuesday. U.S. PCE inflation report on Tuesday, ADP unemployment report on Wednesday and NFP report on Friday. New Zealand Q2 Unemployment report on Tuesday. PMI reports from all across the world this week.
- Geopolitics:
European officials including Commission President Jean Claude Juncker will be meeting President Trump in Washington this week. Pakistan will hold the general election this week.
- Earnings:
Nearly 140 companies listed on the S&P 500 are slated to report results this week. Big names include Tesla, Caterpillar, Wynn Resorts, Kellogg, CBS, Symantec, Ralph Lauren, P&G, and Pfizer.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Italy, and the Korean peninsula are likely to keep influencing the market.


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