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In terms of volatility risks, this week is very light as we head into the New Year holiday week. As a trader, you need to keep a watch on the followings,
What to watch for over the coming days:
- Economic data: PMI reports from all over the world will be reported this week. United States’ ADP employment report on Wednesday, along with ISM manufacturing report, and NFP report on Friday. Eurozone inflation report on Friday. Canada unemployment report on Friday.
- Geopolitics: new U.S. legislators would be sworn in on 3rd. The Brexit deal will be presented to the parliament for debate on 7th.
Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Italy, and Korean peninsula are likely to keep influencing the market.
