Here are the most important upcoming economic news from around the world, which may have an impact on the Forex market and the stock markets.
Monday May 15
The beginning of the week is expected to be fairly calm, since no significant events are expected. The exception is the speech Prata, a member of the ECB. Such performances are usually influencing the euro and can shake it in any direction. Also pay attention to the performance of the UK Prime Minister. The market can be unstable with a strong influence on the pound and euro.
Tuesday May 16
There will be much more news, and they will cover more countries.
01:30 GMT – Australia will come with the minutes of the MPC meeting. The news will have an effect on AUD.
08:30 GMT – the UK will publish the consumer price index, which will move GBP.
09:00 GMT – Germany will publish its index on economic sentiment, which may strongly affect the euro.
12:30 GMT – the US will publish the number of building permits issued. Obviously, USD will move in one or another direction depending on the report results.
Wednesday, May 17
08:30 GMT – the UK will publish data on unemployment and wages.
09:00 GMT – the EU will publish the consumer price index.
The news will have a significant impact on the European currency.
Thursday, May 18
At night, at 23:50 GMT, Japan will publish data on the economic growth. This will have a strong impact not only on the yen, but also on the major assets traded during the Asian session.
08:20 GMT – the UK will publish the volume of retail sales.
12:30 GMT – the US will publish its Philadelphia Production Activity Index.
The day will end with an event that can greatly shake the euro. At 5:00 pm, the ECB president, Mario Draghi, should deliver a speech.
Friday, May 19
Friday will not be rich in financial news. At 12:30 GMT, Canada will publish data on the consumer price index and the level of retail sales. The news will have an impact on the Canadian dollar.