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June 1, 2018

IronFX, Weekly Market Report for 'June 4th to 9th'

Market focus on RBA’s interest rate decision.

This article is originally referred from IronFX News.

Next week’s market movers

  1. On Monday, we get Australia’s retail sales growth rate for April.
  2. On Tuesday, Australia’s Current Account balance for the first quarter of 2018 and UK’s services PMI for May could move the market, but the star of the day should be RBA’s interest rate decision.
  3. On Wednesday, the release of Australia’s GDP growth rate for the first quarter of 2018, the US and Canada’s trade balance figures for April could form the main themes of discussion.
  4. On Thursday, Australia’s trade balance figure for April and Eurozone’s GDP growth rate for Q1 will be released.
  5. On Friday, Japan’s current account for April and GDP growth rate for the first quarter of 2018, China’s trade balance figure for May, as well as Canada’s employment data for May could get the market’s attention.
  6. On Saturday, China’s inflation data could keep markets on overtime.

In the next week a number of financial data releases could attract the market’s attention. Our team chose and concentrated 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 session we get Australia’s retail sales growth rate for April. The rate is forecasted to accelerate and reach +0.2% month on month (mom) compared to previous reading of 0.0% mom.

Should the actual growth rate meet the forecast, we could see the Aussie strengthening as such an acceleration could at least indirectly, support household consumption which was one of RBA’s worries in the latest accompanying statement.

On Tuesday

For the full market analysis, view the PDF report below.

Weekly Report ‘June 4th to 9th’

Original Source: IronFX News

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