mask Week Ahead | Trade Tension will Retain the Spotlight

26/ 05/ 2019

Week Ahead | Trade Tension will Retain the Spotlight

27th May 2019 – 31st May 2019

Monday

• JPY Bank of Japan Governor Kuroda Speech

• USD Memorial Day

• GBP Spring Bank Holiday

On Monday, USD and GBP markets are closed.

 

Tuesday

• GBP Inflation Report Hearings

• EUR Business Climate

The Treasury Committee is appointed by the House of Commons to examine the expenditure, administration and policy of HM Treasury, HM Revenue & Customs, and associated public bodies, including the Bank of England and the Financial Services Authority.

Business climate indicator, released by European Comission, is based on monthly surveys and is designed to deliver a clear and timely assessment of the cyclical situation within the euro area. It may be interpreted as a survey result: a high level indicates that, overall, the surveys point to a healthy cyclical situation. 

 

Wednesday

• JPY Bank of Japan Governor Kuroda Speech

• EUR Unemployment Rate

• CAD Bank of Canada Interest Rate Decision

The Unemployment Rate released by the Bundesagentur für Arbeit and published by the German Statistics Officeshows , in a percent basis, the amount of unemployed people in Germany, using seasonally adjusted data.

BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the CAD.

 

Thursday

• EUR Ascension Day

• USD Jobless Claims

• USD Gross Domestic Product Report

The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing

The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy.

 

Friday

• EUR Harmonized Index of Consumer Prices

• USD Core Personal Consumption Expenditures

HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonized across all EU member states. 

The Core Personal Consumption Expenditure released by the US Bureau of Economic Analysis is an average amount of money that consumers spend in a month. "Core" excludes seasonally volatile products such as food and energy in order to capture an accurate calculation of the expenditure.