Yes, of course Brexit is still in focus as well as some important US data points like NFP and the two ISM PMI’s, but another interesting event we’ll be watching closely is the upcoming OPEC and OPEC+ virtual meetings on Monday and Tuesday which could provide some great trading opportunities.
This Week’s Economic Calendar
I think I speak for the majority of market participants when I say I’m ready for the Brexit rigmarole to finally come to an end. Negotiations has, as expected, come down to the wires with only a few short weeks to go before the end of the transition period on the last day of December. The good news is that the end is finally in sight!
Is the final countdown for the Brexit saga finally upon us? Well, with less than seven weeks to go until the transition period finally ends, we have certainly entered crunch time. Many market participants see the last two weeks of November as the most likely time horizon for a last-minute deal to be clenched.
It’s week ahead video time, and the moment the market has been waiting for and bracing for has finally arrived as the US election takes place on November 3rd which is of course Tuesday. There are other big events like FOMC, BOE, RBA and NFP but all of these will play second fiddle to the election.