This week’s trading promises to be volatile as key statistics from around the globe hit the market starting with the Business climate index from Germany which is a key indicator of the German economy. Starting Tuesday, we will see key statistics from the US such as durable goods orders, consumer confidence numbers and the eagerly awaited interest rate decision from the Federal Reserve.
We don’t expect any movements in Interest rates this time round but the accompanying statement will be closely watched for signs on the direction of US monetary policy. To finish off the week we will see the release of the latest GDP numbers from Canada, which should give a clear picture of the Canadian economy.
Guest Post by Andrew Masters from FiboGroup