ECB speeches, OPEC rumours to dominate Monday

November 28, 2016

The US is back to the markets in full swing today as investors return from the long weekend and while this may have a major impact on the markets (given the fact that US bonds and US dollar had such a massive influence on global markets recently) other factors dominate in the calendar with the US being present with a single release of secondary importance. However, keep in mind that this will change later in the week with the NFP being the key report ahead of the Fed meeting. 

12:15pm Coeure (ECB) speaks in Athens

2pm - Mario Draghi speaks in the European Parliament - the ECB meeting is just days away and investors do wonder if the extension of current program is announced in December. While this has been broadly expected, the ECB may change some details or even delay the announcement which would be clearly negative for equity markets. 

3:30pm - US Dallas Fed index - a sole release form the US will be meaningless for the US dollar today

4pm - Draghi again, this time having a hearing ahead of the Committee in the European Parliament

Clearly not much data today but keep in mind that we are just 2 days ahead of the OPEC summit. Tensions in the cartel seem to be posing risks for a constructive oil deal so expect high volatility on the oil market. 

On top of this, keep in mind that a constitutional referendum has been scheduled for Sunday. This issue has not received much attention recently so we wonder if markets become more nervous this week. 

Publication source
XTB information  XTB reviews

December 9, 2016
Coeure - ECB ready to do more
ECB board member Benoit Coeure commented the yesterday decision in a radio interview. The central bank announced QE tapering stressing that it does not mean less engagement...
December 8, 2016
Tapering and extending
The main challenge for markets today will be steering through the messages that emerge from the ECB meeting and press conference. Whereas the Fed meeting next week is seen as a near certainty in terms of its outcome, this is not the same for the ECB...
December 7, 2016
Oil ma pull back to $40
The oil price fell for the first time in 4 days today as skepticism creeped in over some OPEC member’s commitment to keep to their end of the deal and cut production...

FOREX.com Rating
Trade360 Rating
Fort Financial Services Rating
XM Rating
FBS Rating
OctaFX Rating

IQ Option Rating
Empire Option Rating
OptionBit Rating
Anyoption Rating
Banc De Binary Rating
24option Rating