In terms of data, this week is relatively less risk heavy but post-Brexit fallouts can always compensate for that.
What to watch for over the coming days:
- US earnings season -
Once again the earnings will keep dominating the movement in S&P500 and will act as a key ingredient in the market in defining the risks. More than 90 companies listed on the S&P 500 are scheduled to report results this week, which include some of the big names like Bank of America, Morgan Stanley and Goldman Sachs, Yahoo, Netflix, Microsoft, Halliburton, Intel, Qualcomm, Schlumberger, Chipotle, and Starbucks.
- US Presidential Election -
Much anticipated Republican Party’s convention is beginning this week, on Monday. Political analysts are likely to keep a close eye on this three-day event to see whether Republican presumptive nominee Donald Trump secures the united party backing or not.
- ECB monetary policy –
European Central Bank (ECB) monetary policy decision is the most important scheduled event as it will be the central bank’s first policy meeting since the UK referendum vote. While Bank of England (BoE) has cleared its intention of easing probably in June, ECB hasn’t signaled much other than the saying that the referendum likely to weigh over growth in the Eurozone.


Mexico Pushes for US Trade Deal Before Midterms
Strait of Hormuz Oil Shipments Hit Six-Month High as U.S. Clears Mines
Canada Eyes India Trade Deal by Year-End
Gold Rebounds Above $4,300 Despite Hawkish Fed Rate Hike
Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed
Wall Street Mixed as Treasury Yields Rise After Fed Hike
Yen Sinks as BOJ Rate Hike Fails to Impress Markets
Iran Economic Crisis Forces Afghan Families to Return Home
Bolivia Approves $1.9 Billion IMF Financing Deal 



