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May 4, 2018

IronFX, Weekly Report: Important Market Movers of the week 'May 7th - 11th'

Market focus on BoE.

This article is originally referred from IronFX News.

Next week’s market movers

  • Australia’s retail sales for March, Germany’s industrial output and trade balance for March could grab the market’s attention on Tuesday.
  • China’s trade balance for April and Sweden’s CPI rate for April could move the market on Wednesday.
  • On Thursday we’ll have a busy day, as we’ll start with RBNZ’s interest rate decision, Japan’s current account balance for March and China’s CPI rate for April in the Asian morning, followed by the star of the week, BoE’s interest rate decision, the Avast IPO on the London Stock Exchange in the European session and end with the US inflation data in the American session.
  • On Thursday the market is expected to shift its focus to the UK for the release of the Services PMI for April, to Europe for Eurozone’s preliminary release of the CPI rate for April and Norge’s Bank interest rate decision and last to the US for the ISM Non Mfg PMI for April.
  • Last but not least, on Friday, the market could shift its focus on Canada’s Employment data and the US University of Michigan Sentiment indicator.

In the next week a plethora of financial data releases could attract the market’s attention. Our team handpicked the ones which considers as the most influential and discusses their possible forecasts and their respective effects on various currencies.

On Monday, no major events are expected.

On Tuesday, during the Asian morning we get Australia’s retail sales growth rate for March. The rate is forecasted to slow down to +0.2% month on month (mom) compared to previous reading of +0.6% mom. Should the actual results meet the forecast we could see the Aussi weakening, as the slowdown of the retail sales growth could imply that the markets may be losing confidence in the prospects of the Australian economy…

Check out the full weekly market analysis by IronFX from below.

Week Ahead ‘May 7th to 11th’

Original Source: IronFX News

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