The week kicks off with December housing figures and February consumer confidence number on Tuesday. December factory orders and pending home sales are due out on
Wednesday, ahead of 4th quarter GDP numbers and the weekly jobless claims figures. A particularly busy Friday has December’s core PCE price index and personal spending
figures due out, ahead of manufacturing PMI numbers and finalized consumer sentiment figures for February. Outside of the stats, FED Chair Powell’s testimony Tuesday and
Wednesday will garner plenty of attention ahead of a scheduled speech on Thursday.
Key stats through the week include consumer confidence figures out of Germany on Tuesday and the Eurozone’s consumer confidence figures on Wednesday. On Thursday,
4th quarter GDP numbers and January consumer spending figures out of France will be in focus. Inflation figures out of Spain, Italy, and Germany are also scheduled for
release on the day. Focus on Friday will shift to finalized manufacturing PMI numbers, the Eurozone’s unemployment rate and inflation figures. Of greater influence will likely
be February employment numbers out of Germany.
It’s another relatively quiet week on the data front. Key stats are limited to February manufacturing PMI numbers on Friday. While there will be some interest in the inflation
hearings on Tuesday, focus through the week will continue to be on Brexit.
Economic data includes January inflation figures due out on Wednesday. Also in focus will be January’s RMPI due out on Thursday, while 4th quarter GDP numbers on Friday
will be the key driver on the data front. Outside the numbers, the effects of U.S – China trade talks on market risk sentiment will also influence crude oil prices and the Loonie.
This document is based on information provided by Valesco Trading Group. While every effort has been made to ensure that the data quoted and used in this document is reliable, there is no guarantee that it is correct, and Valesco Trading Group can
accept no liability whatsoever in respect of any errors or omissions, or regarding the accuracy, completeness or reliability of the information contained herein. Although information has been obtained from and is based upon sources that Valesco Trading
Group believes to be reliable, Valesco Trading Group analysts do not guarantee its accuracy and it may be incomplete and condensed.
This document does not constitute a recommendation to sell and/or buy any financial products and is not to be considered as a solicitation and/or an offer to enter into any transaction. This document has been prepared without taking account of the
objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs.
All opinions, projections and estimates constitute the judgment of the author as of the date of publication and are subject to change without notice. Prices and availability of financial instruments also are subject to change without notice.
The document is not to be construed as a solicitation or recommendation of investment advice. Subject to the nature and contents of the document, the investments described herein are subject to fluctuations in price and/or value and investors may get
back less than originally invested. Certain high-volatility investments can be subject to sudden and large falls in value that could equal the amount invested. Certain investments contained in the document may have tax implications for private customers
whereby levels and basis of taxation may be subject to change.
General Performance Disclosure All forecasts are expressions of opinion, are not a guarantee of future results, are subject to change without notice and may not meet our expectations due to a variety of economic, market and other factors. The
Performance data given represents past performance and should not be considered indicative of future results. Principal value and investment return will fluctuate, so that an investor’s shares and/or units when redeemed may be worth more or less than
the original investment.
Although every investment involves some degree of risk, the risk of loss trading off-exchange forex contracts can be substantial. Therefore, if you are considering investing in this market, you should be aware of the risks associated with this product so
you can make an informed decision prior to investing. The investor should note that hedge fund investing involves specialized risks that are dependent upon the type of strategies undertaken by the manager. This can include distressed or event-driven
strategies, long/short strategies, using arbitrage (exploiting price inefficiencies), international investing, and use of leverage, options and/or derivatives. Although the goal of hedge fund managers may be to reduce volatility and produce positive absolute
return under a variety of market conditions, hedge funds may involve a high degree of risk and are suitable only for investors of substantial financial means who could bear the entire loss of their investment.
Short Positions: When a short position moves in an unfavorable way, the losses are theoretically unlimited. The broker may demand more collateral and a manager might have to close out a short position at an inopportune time to limit further losses.
Long-Short: Due to the strategies used by long-short funds, which may include but are not limited to leverage, short selling, short-term trading, and investing in derivatives, these funds may have greater risk, volatility, and expenses than those focusing on
traditional investment strategies.
© 2017 Valesco Trading Group. All Rights Reserved. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Valesco Trading Group, (2) may not be copied or redistributed, (3) are provided
solely for informational purposes and therefore are not an offer to buy or sell a security, and (4) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Valesco Trading Group shall not be responsible for any trading
decisions, damages or other losses returning from, or related to this information,