May 8, 2017

JustForex, Schedule of Economic News/Events of the week & Analysis/Expectations

What’s happening this week? JustForex has summarized the News & Events for you!

Today, our financial analyst has prepared for you a new review of events for this week. Pick out those which results you would like to track as quickly as possible, and do not miss them.

Last week, Federal Reserve System kept the key interest rate at the previous level of 0.75-1.00%. The regulator noted that the country’s economy is stable. On Friday, the US Department of Labor published a fairly optimistic report on the labor market. In April, 211,000 jobs were created in the non-agricultural sector of the country, which is by 14% more than it was forecasted.

The unemployment rate decreased and amounted to 4.4% (minimum for 10 years). The growth of the average hourly wage was 0.3%. The probability of the interest rate growth in June increased significantly. At the moment the FedWatch Tool is at the level of 87.7% market.

As always, a number of important macroeconomic data and news are expected to be published in the upcoming trading week.

May 8th, Monday

In the Asian trading session, the data on the balance of visible trade in China will be released.  These events will affect the dynamics of the Australian dollar.

The publication of important economic reports from the EU and the US is not planned.

At the same time, we recommend paying attention to the speeches of the FOMC representatives Bullard (15:35 GMT+3:00) and Mester (15:45 GMT+3:00).

May 9th, Tuesday

At 04:30 (GMT+3:00) the be data on retail sales in Australia will be released.

The news background in the euro area will be calm.

Statistics Canada will publish the data on the number of building permits (15:30 GMT+3:00).

We also recommend paying attention to the press conference of the Dallas Federal Reserve Bank president R. Kaplan (23:15 GMT+3:00).

May 10th, Wednesday

During the Asian trading session, the consumer price index will be published in China (04:30 GMT+3:00).  Most experts believe that the inflation rate will accelerate in April.

At 15:00 (GMT+3:00), the head of the ECB Draghi will hold a press conference on the subject of monetary policy.

At 15:30 (GMT+3:00), a number of statistics on trading in the US will be published.

May 11th, Thursday

On Thursday, the news background will be quite saturated. Meetings of the Reserve Bank of New Zealand and the Bank of England will take place, at which decisions on further monetary policy will be taken.

At the moment, most experts believe that regulators will leave interest rates unchanged at 1.75% and 0.25% respectively.  At the same time, it is necessary to pay attention to the comments of the Central Banks representatives.

A number of important statistical data will also be published:

  • The production volume in the manufacturing sector and the balance of visible trade in the UK (11:30 GMT+3:00).
  • The producer price index in the USA (15:30 GMT+3:00).

May 12th, Friday

At 09:00 (GMT+3:00) the data on inflation and GDP of Germany will be released.

In the afternoon we expect many important economic reports from the US:

  • The basic consumer price index (15:30 GMT+3:00).
  • The basic index of retail sales (15:30 GMT+3:00).
  • The volume of retail sales (15:30 GMT+3:00).

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