Plan your strategies for the trading week ahead with key insights from our team.
We’ve had a very busy week with three central bank monetary policy decisions. The Federal Reserve, Bank of Japan and Bank of England left monetary policy unchanged, which focuses our attention even more to the EU referendum.
The beginning of next week is light on data, but we will be keeping an eye on the monetary policy meeting minutes from the Reserve bank of Australia on Tuesday. This will be followed by the German ZEW economic sentiment, which will provide imperative signals from a pool of important institutional investors.
US Crude Oil Inventories on Wednesday will be worth watching considering the recent plunge in oil prices. WTI traded close to the 47.00 mark after the sharp fall from the top levels of June the 8th.
Thursday 23rd of June is the big day. The referendum is one of the most talked about events of the year and presents plenty of volatility and opportunities in the markets. The open will focus on European manufacturing and services PMI, but following this the markets will be focused on the vote in the UK, trying to find signals on whether we are ‘in’ or ‘out’. We are likely to see significant moves in the markets, in particular, but not only, on the British pound, gold, and oil.