IronFX – The Week Ahead: May 14th-18th.
Market focus on Eurozone’s GDP growth and UK’s employment data
This article is originally referred from IronFX News.
Next week’s market movers
- Japan’s PPI rates for April could be the center of discussion on Monday.
- On Tuesday, China’s industrial output and retail sales growth rates for April, Germany’s and Eurozone’s preliminary release of the GDP growth rate, UK’s employment data, Germany’s ZEW economic sentiment indicator for May and the US retail sales data for April could grab the market’s attention.
- Japan’s preliminary release of the GDP growth rate and Eurozone’s final release of the CPI rate could move the market on Wednesday.
- On Thursday, we get Australia’s employment data.
- Last but not least, on Friday, the market could shift its focus on Canada’s and Japan’s inflation data.
In the next week a number of financial data releases could attract the market’s attention.
Our team chose and concentrates on the ones which it considers as the most influential and discusses their possible forecasts and their respective effects on various currencies.
On Monday, during the Asian morning, we get Japan’s Corporate Goods Prices for April. The rate is forecasted to accelerate and reach +0.1% month on month (mom) compared to previous reading of -0.1% mom. Should the actual results meet the forecast we could see the JPY strengthening as it’s economy is highly industry driven and even a slight increase in country’s PPI growth rate could imply that inflationary pressures exist.
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Original Source: IronFX News