Fundamentals to watch out for this week

This week is filled with high event risks, capable to make reversal in prevailing trends. This week’s two central banks’ meet may decide over the fate of Dollar and Yen.

What to watch for over the coming days –

• U.S. Earnings –

Despite strong gains in oil prices, US benchmark stock indices failed to gain much, with NASDAQ being worst performer. Disappointing earnings are to blame for. So, despite all the heavy risks associated this week, earnings will; once again play key part in the direction of US benchmarks.

• Saudi Vision 2030

Saudi Arabia’s Deputy Crown Prince Mohammad bin Salman will announce a comprehensive plans for Saudi Arabia to diversify its oil economy. It may have far reaching impact on energy market. Will be released on Monday.

• FED and RBNZ -

Focus of the week is on Wednesday, when FOMC members announce their two day policy meeting decision. While FED is largely expected to hold fire but board is expected to be more divided on this week’s meeting than March. FED’s decision will be followed by RBNZ’s decision on its monetary policy within hours.

• Bank of Japan monetary policy -

Next day morning after FED is big again, as Bank of Japan will announce its monetary policy. All eyes will be to see, what BOJ does to counter stronger Yen. Yen is already weaker on the rumor that BOJ will introduce negative rates.