Summary

Asian equity markets look set to gain as oil added to an advance that took it back above $50 a barrel.

U.S. stocks ended the week on a soft note, paring nearly half their gains on Friday after news that investigators are focusing on a current White House official as a person of interest amid their inquiry into Russia’s influence on the election.

U.S. President Donald Trump will visit Israel on Monday, with Prime Minister Benjamin Netanyahu preparing to ask for more sanctions against Iran.

It's been a relatively quiet week in terms of data, Thursday sees the OPEC meeting which could impact oil depending on whether to extend its production.

How the markets are looking

EURO

The EURO rose sharply against the USD last week closing on its highs.

Monday we have Eurogroup Meetings. These are usually held in Brussels and attended by the Eurogroup President, Finance Ministers from euro area member states, the Commissioner for economic and monetary affairs, and the President of the European Central Bank.

They discuss a range of financial issues, such as euro support mechanisms and government finances. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering meeting objectives may be released after the meetings have concluded.

Tuesday we have the German Business Climate figure.
Wednesday the European Central Bank's President speaks.

USD

The US$ Index closed markedly lower closing on its lows last week.
Wednesday we have both Crude Oil Inventories and the FOMC Meeting Minutes.
Thursday we have the usual Unemployment Claims number.
Friday we have Core Durable Goods orders and the GDP number.

AUD

The AUD rose strongly against the closing near its highs last week. There is no new data for the AUD this week.

GBP

The GBP closed sharply higher against the USD last week closing on its highs.

Tuesday we have the Inflation Report hearings.
Thursday we have the GDP number.

CNY

There is no data for the CNY this week.

YEN

The YEN rose sharply against the USD last week, there is no data for the YEN this week.