{"id":127022,"date":"2018-05-21T07:15:17","date_gmt":"2018-05-21T11:15:17","guid":{"rendered":"http:\/\/countingpips.com\/?p=127022"},"modified":"2018-06-01T15:39:45","modified_gmt":"2018-06-01T15:39:45","slug":"key-market-events-to-watch-this-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/05\/key-market-events-to-watch-this-week\/","title":{"rendered":"Key market events to watch this week"},"content":{"rendered":"
May 21, 2018<\/div>
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Article by ForexTime<\/a><\/p>\n

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Trade war on hold \u00a0– for now<\/strong><\/p>\n

Asian stocks gained on Monday morning as investors learned that the U.S. and China agreed to drop the tariff threats against each other while they continue to work out an agreement. This was the second round of trade negotiations without clearly defined targets, suggesting that there\u2019s still a long way to go. Today, a trade war may have been averted, but according to the joint statement from both countries, nothing is being guaranteed apart from China promising to increase American imports. It seems that tensions will remain for the foreseeable future and investors will have to live with it; unless the U.S. officially announces that it is imposing tariffs on China, the noise in the background will have little impact on sentiment.<\/p>\n

Nicol\u00e1s Maduro wins Venezuelan elections<\/strong><\/p>\n

As was widely anticipated, Nicol\u00e1s Maduro won another six years in office in Sunday\u2019s elections. The Venezuelan economy, which has been struggling for several years, may enter a deeper crisis if the U.S. and other western countries step up sanctions against the nation. Brent crude, up 0.7% at the time of writing, might benefit further from the increasingly grave outlook for Venezuela, if proposed sanctions result in a \u00a0steeper decline in output.<\/p>\n

FOMC minutes<\/strong><\/p>\n

The dollar climbed to a new 2018 high on Monday, with overall gains of more than 6.3% from its lowest point in February. The U.S. currency has been benefiting mainly from improved economic prospects and higher interest rates. Whether the upward trajectory will resume in the short run, is likely to depend on the FOMC minutes scheduled for release on Wednesday. The Fed has changed its language with respect to inflation and become slightly more bullish, but its latest statement didn\u2019t indicate a faster tightening in monetary policy. Whether the Fed is prepared to fight inflation, or whether it will be more cautious about raising rates too quickly, will be reflected in the minutes. However, with a number of speeches scheduled from Fed officials this week, it will be interesting to hear their thoughts on how oil above $80 may impact policy.<\/p>\n

Italy\u2019s new government<\/strong><\/p>\n

Italy’s new government is likely to be formed within the next few days and provide a new headache for Brussels, since populists will be leading it. Italian borrowing costs rallied sharply over the past several days, as investors sold Italian debt after a leaked draft showed the new coalition\u2019s intentions to request the cancellation of \u20ac250bn of Italian government debt. How things go from here depends on whether the new government follows through on its promises, that include a massive spending spree that conflicts with the EU\u2019s budgetary rules, or whether it starts to gradually scale back .<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Disclaimer:\u00a0<\/strong>The content in this article comprises personal opinions and should not be construed as containing personal and\/or other investment advice and\/or an offer of and\/or solicitation for any transactions in financial instruments and\/or a guarantee and\/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.<\/em><\/p>\n

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ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime Trade war on hold \u00a0– for now Asian stocks gained on Monday morning as investors learned that the U.S. and China agreed to drop the tariff threats against each other while they continue to work out an agreement. This was the second round of trade negotiations without clearly defined targets, suggesting that […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-127022","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/127022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=127022"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/127022\/revisions"}],"predecessor-version":[{"id":127036,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/127022\/revisions\/127036"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=127022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=127022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=127022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}