Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of May 13 - 17:
We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:
We can select which economies to focus on:
As expected, the U.S. Federal Reserve maintained its key interest rate unchanged at 5.25%-5.50%.
However, Fed Chairman Jerome Powell gave less-hawkish-than-expected comments, as he pointed out clearly that the central bank is not likely to hike rates in its next move.
And then the U.S. official jobs report showed a lower-than-expected increase in non-farm payrolls (+175,000 in April) with the jobless rate rising to 3.9%, raising expectations for interest-rate cuts.
As a result, market sentiment got a boost, driving the Dow Jones Industrial Average to post an eight-session winning streak.
The next market-moving economic event should be the U.S. reporting inflation data on Wednesday (May 15). According to Trading Central's "Economic Insight", U.S. inflation should be remaining stable at 3.5% on year in April.
In the past 12 U.S. Inflation Reports, EUR/USD fell in 58% of times (7 out of 12 events) within one hour from the report’s release, marking a trading range of 59.70 pips on average.
Monday (May 13)
AU NAB Business Confidence (APR) to climb to 2
CA Building Permits (MAR) -4.5% MoM
Tuesday (May 14)
JP Producer Price Index (APR) +0.7% YoY
GB Unemployment Rate (MAR) to stay at 4.2%
DE ZEW Economic Sentiment Index (MAY) to rise to 45
US Producer Price Index (APR) +2.2% YoY
US Fed Chair Powell Speech
Wednesday (May 15)
HK Market Closed for Buddha's Birthday
EA Industrial Production (MAR) -0.2% MoM
US Inflation Rate (APR) to stay at 3.5% YoY
US Core Inflation Rate (APR) to dip to 3.7% YoY
US Retail Sales (APR) +0.3% MoM
US NY Empire State Manufacturing Index (MAY) to improve to -8
Thursday (May 16)
JP GDP Annualized (Q1) +1.3%
AU Employment Change (APR) +25,000
AU Unemployment Rate (APR) to climb to 3.9%
US Initial Jobless Claims expected to drop to 225,000
US Philadelphia Fed Manufacturing Index (MAY) may fall to 4
US Housing Starts (APR) +3.8% MoM
US Building Permits (APR) -0.2% MoM
US Industrial Production (APR) +0.2% MoM
Friday (May 17)
CN Industrial Production (APR) +4.8% YoY
CN Retail Sales (APR) +3.2% YoY
FR Unemployment Rate (Q1) to tick down to 7.4%
US Conference Board Leading Index (APR) -0.2% MoM
Happy Trading!
Source: Trading Central Economic Insight
