This week will be less economically eventful than the previous one. The main event will be the CPI data (inflation rate) in the United States. This data will be closely watched as investors assess whether the Federal Reserve will be able to hold off on raising rates next month. If inflation shows signs of resiliency or growth, the stock market could react negatively as the Fed could continue raising rates in June. The Bank of England will hold its monetary policy meeting on Thursday. The BoE is expected to raise interest rates by another 25 basis points, continuing its fight against inflation. Also, on Thursday, China will release inflation data showing how the economy feels during the recovery from the pandemic. The focus of investors should also be on the speeches of the Fed and the ECB officials.
- – Japan Monetary Policy Meeting Minutes at 02:50 (GMT+3);
- – Japan Services PMI (m/m) at 03:30 (GMT+3);
- – German Industrial Production (m/m) at 09:00 (GMT+3).
- – Australia Retail Sales (m/m) at 04:30 (GMT+3);
- – China Trade Balance (m/m) at 06:00 (GMT+3);
- – US FOMC Member Williams Speaks at 19:05 (GMT+3).
- – Canada Building Permits (m/m) at 15:30 (GMT+3);
- – US Consumer Price Index (m/m) at 15:30 (GMT+3);
- – US Crude Oil Reserves (w/w) at 17:30 (GMT+3);
- – Switzerland SNB Chairman Jordan speaks at 19:00 (GMT+3).
- – China Consumer Price Index (m/m) at 04:30 (GMT+3);
- – China Producer Price Index (m/m) at 04:30 (GMT+3);
- – UK BoE Interest Rate Decision at 14:00 (GMT+3);
- – UK BOE Monetary Policy Report at 14:00 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – UK BOE Monetary Policy Report at 14:00 (GMT+3);
- – US Producer Price Index (m/m) at 15:30 (GMT+3);
- – US FOMC Member Waller Speaks at 17:15 (GMT+3);
- – US Natural Gas Storage (w/w) at 17:30 (GMT+3).
- – New Zealand Inflation Expectations (q/q) at 06:00 (GMT+3);
- – UK GDP (m/m) at 09:00 (GMT+3);
- – UK Industrial Production (m/m) at 09:00 (GMT+3);
- – UK Manufacturing Production (m/m) at 09:00 (GMT+3);
- – Eurozone French Consumer Price Index (m/m) at 09:45 (GMT+3);
- – Eurozone Spanish Consumer Price Index (m/m) at 10:00 (GMT+3);
- – US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+3).
by 2023.05.08
, We advise you to get acquainted with the daily forecasts for the major currency pairs.This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
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