Regarding economic events this week, inflation data in the Eurozone, Canada, and Japan are the first things to look out for. Canada is expected to continue to see inflationary pressures lower, and the Eurozone is expected to remain unchanged, while Japan is expected to see consumer prices rise. The Eurozone will release revised first-quarter GDP data Tuesday, and economists expect the bloc's economy to grow slightly.
China will release a range of economic data on Tuesday, including reports on retail sales, industrial production, and unemployment rate. As investors are concerned that an aggressive Fed rate hike could trigger a recession in the economy, the speeches of several central bank officials in the coming days will be closely monitored. It is also worth watching the political situation in the US regarding the increase of the national debt limit. The US could default if politicians fail to reach an agreement by June 1st.
- – Japan Producer Price Index (m/m) at 02:50 (GMT+3);
- – Switzerland Producer Price Index (m/m) at 09:30 (GMT+3);
- – Eurozone EU Economic Forecasts at 12:00 (GMT+3);
- – Eurozone Industrial Production (m/m) at 12:00 (GMT+3);
- – US NY Empire State Manufacturing Index (m/m) at 15:30 (GMT+3);
- – US FOMC Member Kashkari Speaks at 16:15 (GMT+3).
- – Australia RBA Meeting Minutes (m/m) at 03:30 (GMT+3);
- – China Retail Sales (m/m) at 05:00 (GMT+3);
- – China Industrial Production (m/m) at 05:00 (GMT+3);
- – China Unemployment Rate (m/m) at 05:00 (GMT+3);
- – UK Average Earnings Index (m/m) at 09:00 (GMT+3);
- – UK Claimant Count Change (m/m) at 09:00 (GMT+3);
- – UK Unemployment Rate (m/m) at 09:00 (GMT+3);
- – German ZEW Economic Sentiment (m/m) at 12:00 (GMT+3);
- – Eurozone ZEW Economic Sentiment (m/m) at 12:00 (GMT+3);
- – Eurozone GDP (q/q) at 12:00 (GMT+3);
- – Eurozone Trade Balance (q/q) at 12:00 (GMT+3);
- – US FOMC Member Williams Speaks at 19:05 (GMT+3).
- – Canada Consumer Price Index (m/m) at 15:30 (GMT+3);
- – US Retail Sales (m/m) at 15:30 (GMT+3);
- – US Industrial Production (m/m) at 16:15 (GMT+3);
- – Eurozone ECB President Lagarde Speaks at 17:00 (GMT+3);
- – US FOMC Member Williams Speaks at 19:15 (GMT+3).
- – Japan GDP (q/q) at 02:50 (GMT+3);
- – Australia Wage Price Index (q/q) at 04:30 (GMT+3);
- – Japan Industrial Production (m/m) at 07:30 (GMT+3);
- – Eurozone Consumer Price Index (m/m) at 12:00 (GMT+3);
- – UK BoE Gov Bailey Speaks at 12:50 (GMT+3);
- – US Building Permits (m/m) at 15:30 (GMT+3);
- – US Crude Oil Reserves (w/w) at 17:30 (GMT+3).
- – New Zealand Producer Price Index (q/q) at 01:45 (GMT+3);
- – Japan Trade Balance (m/m) at 02:50 (GMT+3);
- – Australia Unemployment Rate (m/m) at 04:30 (GMT+3);
- – New Zealand Annual Budget Release at 05:00 (GMT+3);
- – UK Monetary Policy Report Hearings at 12:15 (GMT+3);
- – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
- – US Philadelphia Fed Manufacturing Index (m/m) at 15:30 (GMT+3);
- – US Existing Home Sales (m/m) at 17:00 (GMT+3);
- – US Natural Gas Storage (w/w) at 17:30 (GMT+3).
- – Canada BoC Gov Macklem Speaks at 18:00 (GMT+3).
- – New Zealand Trade Balance (m/m) at 01:45 (GMT+3);
- – Japan National Core Consumer Price Index at 02:30 (GMT+3);
- – Canada Retail Sales (m/m) at 15:30 (GMT+3);
- – US FOMC Member Williams Speaks at 15:45 (GMT+3);
- – US FOMC Member Bowman Speaks at 16:00 (GMT+3);
- – US Fed Chair Powell Speaks at 18:00 (GMT+3);
- – Eurozone ECB President Lagarde Speaks at 22:00 (GMT+3).
by 2023.05.15
, 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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