Fundamentals to watch out for this week

Despite being risk heavy (FOMC minutes, US inflation) last week, last week's trading was relatively directionless and can be best described as choppy.

This week is equally risk heavy, if not more.

What to watch out for 

• US GDP - Most vital piece of economic docket to be released this week from US, which could define movements in both US Dollar and S&P 500 stocks as well as US treasuries over the coming week, since the piece will be released on Friday. This is second flash estimate. Slowdown is widely expected and growth to get revised to 0.4% from previous reading of 0.7% in fourth quarter.
   
• UK GDP - Unlike US GDP, this data will hardly be a global market mover but weaker reading can definitely weigh over Pound. It will be released on Thursday. This is second flash estimate of fourth quarter and economy is widely expected to grow at 0.5% q/q and 1.9% y/y.
   
• Mark Carney testifies - On Tuesday, Bank of England (BOE) governor, Mark Carney will be testifying to lawmakers of UK about central bank's monetary policy, outlook of economy. Will be key mover of Gilts, FTSE 100 and Pound.
   
• G20 Fin-min meeting - G20 finance ministers are scheduled to meet on Friday and Saturday. Expect them to cover extensively over negatives rates and Chinese Yuan policy. Commentaries would be closely watched.
   
• Iran election - In the political front, most vital to be watched, will be Iran's election. Iran's election is coming at a times, when country is unofficially fighting in Syria, trying to regain its share in oil market. If the new government turns out to be more assertive, it might intensify Iran's battle with regional powers.
   
• Brexit commentaries - There is no official commentaries scheduled but with deal reached expect commentaries from rival groups and minsters taking positions.