Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Supreme Court Backs Lisa Cook, Defends Federal Reserve Independence Against Trump Firing Attempt 
Trump Administration Declines USMCA Renewal, Opens Talks on New Trade Changes 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Moody’s Says Peru’s President-Elect Keiko Fujimori Could Boost Investor Confidence 
This week is extremely risk heavy. Expect lots of volatility. The focus is on the US election.
What to watch for over the coming days:
- US Presidential election:
This is the mother of all events this week. On Tuesday, more than 1 yea rlong Presidential race comes to an end. We suspect and forecasted a Donald Trump win but the financial markets have shown that they are with Hillary. So expect upside if Hillary gets elected and downside if Trump does.
- Central banks:
UK inflation report hearings are scheduled on Tuesday, which might add volatility to the pound Reserve Bank of New Zealand (RBNZ) will announce interest rate decision on Wednesday.
- China data:
Lots of key Chinese data are scheduled for release this week; FX reserve details were released today, Trade balance is scheduled for Tuesday and inflation reports on Wednesday.
- Brexit debate:
The decision by the UK High Court that the government will require parliamentary approval to trigger Article 50 will keep the country in the headlines over the week. In addition to that, the parliament will be holding a general Brexit debate this week.
