FXPrimus has summarized the important market indicators of the day.

THIS WEEK’S INDICATORS

US Inflation set the tone by week’s end as lower than expected figures weighed in.

Investors sold the Dollar following the recent bullish rally while uncertainty surrounding geopolitical concerns eased.

On the longer term, however, weak inflation supports Fed’s decision to hike rates three more times in 2018.

Following up this week, markets wait for important Australian, Japanese, Canadian and European data.

May 14th, Monday

A quiet start to the week with no major indicators scheduled in.

Today, market participants will most likely take a break following a busy week as no major indicators are scheduled in.

Markets may be illiquid and volatility could remain at subdued levels ahead of a busy Tuesday.

May 15th, Tuesday

Volatility looms, focus on UK Jobs report and US Retail Sales.

Early on Tuesday, market players will wait for the Australian monetary policy meeting minutes.

In the morning, the UK will release its jobs report and inflation hearings, while closer to noon, the US will deliver its own retails sales report.

May 16th, Wednesday

European traders shift focus to Draghi’s speech, US data critical.

The session will start intensely considering Australia’s wage price index release at 01:30 GMT, but ECB president Draghi’s speech at an ECB event following the European inflation reading is expected to have more influence in the markets.

Housing and Oil reports for the US likely to add more risk in the currency markets.

May 17th, Thursday

Australian monthly Jobs report in focus, US Unemployment Claims due.

Thursday features Australia’s monthly jobs report, an event to add on to volatility levels, as well as important data from the US.

The US will deliver its Manufacturing Index and the Unemployment Claims reports, both of which are likely to move the US markets.

May 18th, Friday

Canada in the spotlight as Inflation and Consumer Spending data weigh in.

The closing of the week will be critical for Loonie as Canada delivers important economic indicators.

At 12:30 GMT participants expect the release of CPI and the Core Retail Sales.

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