IronFX, Weekly Report: Market focus on UK’s Inflation Data '21/5 - 25/5'

This article is originally referred from IronFX News.

Next week’s market movers

1. New Zealand’s retail sales data for quarter 1 and Japan’s trade balance figure for April could be the center of discussion on Monday.
2. On Tuesday, no major financial data releases are expected.
3. Japan’s preliminary Nikkei Manufacturing PMI for May, Germany’s GDP growth rate for quarter 1, France’s, Germany’s and Eurozone’s preliminary PMI’s for May, UK’s Inflation data and Eurozone’s Consumer Confidence indicator could move the market on Wednesday.
4. On Thursday, we get the UK retail sales growth rate for April.
5. Last but not least, on Friday, the market could shift its focus to Germany’s Ifo Business Climate indicator for May, UK’s 2nd release of the GDP growth rate for Q1, US durable goods orders growth rate for April and the final version of University of Michigan’s consumer confidence indicator for May.

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, early in the Asian morning, we get New Zealand’s Retail Sales growth rate for the first quarter of 2018. The rate’s previous reading was of +1.7% quarter on quarter. Should the actual results show an acceleration of the retail sales growth rate we could see the Kiwi strengthening. Currently, we see the risks for the indicator to be on the down side based on the history of the previous releases as well as the poor results of New Zealand’s recent financial indicators such as the slight drop in labour cost index and the CPI rate.

Later in the Asian morning we get…

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Week Ahead ‘May 21st to 25th’

Original Source: IronFX News