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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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