Fundamentals to watch out for this week

Compared to last two weeks' heavy risky events such as US GDP, talks relating to Brexit, FOMC minutes, this week has even more riskier, simply because it has one major event surrounding China, that everybody will have their eyes on.

What to watch for over the coming days 

• Great Indian Budget 

India is now officially, world's fastest growing economy with Modi government trying to push for reforms. However due to lack of majority in the upper house many of the sought out reforms are getting delayed. So foreign and domestic investors would be looking for a reformist budget. It is currently under way in parliament. A better budget has the potential to reverse the course of ailing Indian assets.

• Super Tuesday 

This event may not be a major market mover but would be key decider in US presidential race. On Tuesday, 12 states in US simultaneously vote for their choices of presidential nominee. Anybody keeping a tab over US presidential election, it is a must watch event.

• Brazil's GDP -

Latin America's largest economy is facing its worst recession in decades, so traders will be looking at the latest GDP figures to be released on Thursday. Brazil's economy is expected to contract by 1.6% on quarterly basis and 6% from a year ago. Another focus will be central bank's monetary policy that will be announced a day ahead. Key rates in Brazil is already at record high of 14.25%.

• NFP -

Its first week of the month and focus will surely be again on US jobs data. Dollar has found back some lost momentum last week after GDP expanded by 1%, 250% more than what was expected. So a better payroll number and most importantly wage growth could provide further momentum to Dollar.

• China congress 

This is the most high profile event of the week. Saturday, China premier Li Keqiang will announce official growth target for the year and would also lay out budget as well as 13th five year plan in front of the National People's Congress in Beijing.