Weekly Outlook: 2016, May 22 - May 29
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, 05-22-2016 at 02:19 PM (1098 Views)
The US dollar had a positive week, enjoying support from the Fed. UK and US GDP updates, US durable goods orders and key German surveys stand out. These are the highlights of this week.
- German ZEW Economic Sentiment: Tuesday, 9:00. A rise to 12.1 is expected now.
- German Ifo Business Climate: Wednesday, 8:00. Economists from the IFO institute believe German economic activity will show a 0.6% growth while the second quarter is expected to be weaker with a 0.3% expansion rate. Business sentiment is expected to reach 106.9.
- Canadian rate decision: Wednesday, 14:00. The BoC is not expected to change its monetary policy this month.
- US Crude Oil Inventories: Wednesday, 14:30.
- UK GDP data: Thursday, 8:30. The number will likely be confirmed in this publication.
- US Durable Goods Orders: Thursday, 12:30. Durable Goods Orders are expected to rise 0.3% in April, as core orders are expected post the same gain.
- US Unemployment Claims: Thursday, 12:30. The number of weekly claims is expected to decline slightly to 275,000.
- US GDP data: Friday, 12:30.
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