Important Analytics Next Week
(27.05 - 02.06.2019)
Monday:
The first session on Forex at the beginning of the week will be marked by low liquidity - US and UK traders will spend this day out of the market, due to public holidays. They coincide with the empty economic calendar - the main activity will fall on the first half of the day.
From early in the morning, the yen can be strongly entrenched in the speech of the head of the Bank of Japan Kuroda, and the rate of the euro - in France employment data.
Traders who trade the franc must be prepared for a jump in volatility after the morning publication of unemployment.
Tuesday:
The topic of Switzerland will continue on Tuesday with the publication of GDP, the CHF rate may rise along with the euro on the data of the German consumer climate index. The dynamics of the pound will determine the hearing on inflation of the Bank of England.
The growth of major currencies will weaken the dollar index, which can be rehabilitated in the evening after the release of the US consumer confidence index.
Wednesday:
The attention of traders in the Asian session will be focused on the "Pacific currencies" NZD and AUD. In the morning, the Reserve Bank of New Zealand will report on financial stability, after which the head of the RBNZ will make a speech. Australia will release new home sales data.
The dynamics of the euro will depend on unemployment in Germany, but in front of her bidders waiting for a data block for France: consumer spending, prices and GDP.
Traders who trade in the Swiss franc should expect a strengthening of the CHF rate on the composite indicator of aggregate economic indicators.
In the afternoon, traders will pay attention to the Canadian dollar - the Bank of Canada will announce the interest rate and issue an accompanying statement on the state of the economy.
Thursday:
Low franc activity is expected in the second half of the week - Switzerland celebrates Ascension Day. The Asian session is full of news on New Zealand and Australia: the number of building permits issued, business confidence, budget execution, level of investment.
The European session will be marked by inflation in Spain, and the bulk of transactions will focus on the American session. Forex traders are waiting for: GDP, trade balance, initial jobless claims and the number of pending US real estate transactions.
Other news includes the balance of investments in Canada and crude oil reserves.
Friday:
On the last day of the week, trends in Asian and European currencies will be determined by important statistical data from Japan and China. The yen may fall on the publication of inflation and production, the strength of the Chinese economy will show the level of PMI. The coincidence of the indices with the analysts' forecast will ensure the growth of all major currencies in the first half of the day.
This trend can stop only inflation and the volume of retail sales in Germany. They will be considered in conjunction with the consumer price indexes of Italy and France.
In the afternoon, traders are waiting for strong movements in the Canadian dollar after the release of Canadian GDP and a jump in volatility in USD to publish the personal consumption of US citizens.