Today, volatility is supported mainly by the speeches by the heads of several central banks. However, this does not always affect currency rates. So, in the first half of the day, the head of the Bank of Japan made a speech, in which there was nothing new for investors - only plans for a possible adjustment of the monetary policy, in case of increased risks. Also, in the first half of the day, the consumer climate index in Germany was published, which is expected to reach 9.9 points in October.
At the moment, there is low volatility on the market. Investors estimate the risks associated with the beginning of the impeachment procedure of the US President as low, so the demand for risky assets remains high, given the latest speech of Donald Trump, who promised to end the trade conflict with China in the near future.
In the afternoon, we expect the updated data on US GDP for the second quarter, the balance of US foreign trade, the number of applications for unemployment benefits, as well as speeches by ECB Head Mario Draghi and the Bank of England. Investors also expect the publication of the index of pending sales on the real estate market in the evening.
