This week we will look at Dow, Dax, EURUSD, USDJPY, Gold Key Trading levels.
A much quieter week is ahead of us for Economic Data at the beginning of last trading month for 2018. The week starts with European and also US Manufacturing PMI on Monday. Reserve Bank Australia (RBA) Interest Rate Decision and Rate Statement are due on Tuesday with the expectations that the base rate will be left unchanged at 1.5%. This event could impact volatility across Australian Equities and AUD currency crosses. On Wednesday markets will pay attention to European and US Services PMI data. Bank of Canada Interest Rate Decision and Rate Statement are also due on Wednesday and could impact volatility in CAD currency crosses. US Jobless Claims are the main point of interest on Thursday. The week will finish with European GDP data release followed by US and Canadian Unemployment Rates. US Nonfarm Payrolls are probably the most eagerly watched event for this week. Current expectations are for 205K jobs created in the last month from previously published 250K jobs. This data release could impact volatility in US equities and also in USD currency crosses.
From the UK point of view, any additional Brexit related announcement or challenges to PM May’s leadership could impact volatility in UK equities and also GBP currency crosses.