In terms of volatility risks, this week is heavy with the focus on Brexit, key economic data, and trade talks,
What to watch for over the coming days:
- Central Banks: Bank of England governor Carney’s speech on Tuesday. Federal Reserve chair Powell also to speak on Tuesday. RBNZ rate decision early Wednesday.
- Economic data: UK flashy GDP report and industrial production numbers on Monday, inflation statistics on Wednesday, and retail sales report on Friday. China’s forex reserves and money supply statistics on Tuesday, trade balance report on Wednesday, and inflation report on Friday. U.S. CPI inflation report on Wednesday, and retail sales report, and PPI inflation on Thursday. German flash GDP report on Thursday. Eurozone flash GDP statistics on Thursday.
- Geopolitics: Turkish President and Iran President to visit Russia on Thursday and meet President Putin.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Sino-American trade talks, and Korean peninsula are likely to keep influencing the market.