Expectation vs. Market Perception Majors & Crosses
After a lackluster trading week, we do expect an increase in market activity moving forward with another round of market reports are in the pipeline. On the other side of the European continent would be the German CPI forecast @1.7% and the Unemployment figure for July which is expected to remain the same.
While the US Consumer confidence is expected to correct and again the much anticipated FOMC meeting and rate decision scheduled on Wednesday would likewise provide the impetus for market volatility, along with US GDP Annualized figure forecast @1.0% vs. the previous figure of 1.8%. And Thursday highlight would be focused on the BOE rate decison on top of the Asset Purchase target for August together with the ECB rate decision is included in the schedule.
Coming through the US trading session, would be an expected increase in the ISM Manufacturing figure and culminating Friday with the Non-Farm Payrolls and unemployment rate adding to a long list of event risk the market particpants would have to absorb.
MegaTrade101.com - Market Insight IV: Expectation vs. Market Perception
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