Market Brief May 15th: A day packed with market catalysts


Australia

AUD, 02:30 a.m. GMT+1, RBA Meeting Minutes – the minutes contain a detailed description of the specific reasons and economic conditions that brought about the latest interest rate decision. Comments may hint at future decisions to affect monetary policy.

Germany

EUR, 07:00 a.m. GMT +1, German GDP (QoQ) (Q1) P –preliminary data is expected related to change in the total production of goods and services by the German economy for the first quarter of 2018. Expectations point to a slowdown of the economy at 0.4% compared to last reading which came out at 0.6%. If the actual reading is better than projected, this should be read as a bullish sign for the euro while a potential lower performance could drive down its price.

The United Kingdom

GBP, 09:30 a.m. GMT + 1, Claimant Count Change (Apr) – the number measures the number of unemployed individuals for the month of April. A rising actual result would suggest more people are out of job and thus should be seen as a negative factor for the cable. A decrease from the expected number would likely boost the value of the currency. Market analyst projections point at a decrease for April at 7.8 K compared to the previous period when claims were higher at 11.6K.

EUR, 10:00 a.m. GMT + 1, German ZEW Economic Sentiment (May) – the event has a major impact on the valuation of the euro. It is a forward -looking indicator (6 months ahead) and data is based on the opinion of 350 investors and market analysts. A level above 0 shows optimism while a drop below that mark is a sign of pessimism for the outlook of the German economy (and the EU as well). Projections suggest a mild increase for the month of May at -8.0 versus last period’s reading at -8.2. A much better reading could strengthen the euro. If, however, the result is even lower, the common euro zone currency could drop even lower.

The United States

USD, 13:30 p.m. GMT, Retail Sales (MoM) (Apr) – analysts foresee a drop in sales at the retail level. To be specific the drop for the month of April is seen at 0.4% in comparison to the slightly higher reading at 0.6% from March. Of course, if the number beats expectations and shows an increase, this should be read as a bullish sign for the dollar. Conversely, a much lower result could bring the currency down.

Wishing you Happy and Successful Trading!

 

Risk Warning: The information above constitutes Marketing Communication and does not constitute Investment Advice or Investment Research. The content of the analysis represents the view of our experts on a generic basis, and do not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the analysis above has not been prepared in accordance with legal requirements designed to promote the independence of Investment Research. Readers using the above information should consider the possibility of encountering substantial losses. Therefore, UR Trade Fix Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the above analysis.”  Further to the above ,Forex Trading involves a substantial Risk of Loss and may not be suitable for all Investors. Please see our Website for details regarding UR Trade Fix Limited’s Trading Terms, Policies and Offerings.Read more.

Comments

comments

You may also like

LEAVE A COMMENT

Subscribe to Blog

Enter your email address to receive notifications of new posts by email.

Join our webinars

Join our webinars

Download the app - Android

Download the app - Android

Download the app - IOS

Download the app - IOS