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Weekly Outlook: 2017, May 14 - May 21

This is a discussion on Weekly Outlook: 2017, May 14 - May 21 within the Forex Trading forums, part of the Trading Forum category; The second week of May saw the dollar gaining ground against many currencies despite a political controversy. A mix of ...

      
   
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    Weekly Outlook: 2017, May 14 - May 21

    The second week of May saw the dollar gaining ground against many currencies despite a political controversy. A mix of events awaits us now: GDP from Japan, jobs from Australia, and housing data from the US.

    Weekly Outlook: 2017, May 14 - May 21-cac-40-h4-gci-financial.png


    1. Chinese Industrial Production: Monday, 2:00. After a surprising rise of 7.6% last time, the figure for April could be weaker: 7% is expected.
    2. Euro-zone GDP: Tuesday, 9:00. No change is expected.
    3. US housing data: Tuesday, 12:30. Building permits are projected to remain at 1.27 million and housing starts to rise to 1.27 million.
    4. UK jobs report: Wednesday, 8:30. Wages are predicted to advance to 2.4% y/y and the unemployment rate is likely to stay at 4.7%.
    5. Oil inventories: Wednesday, 14:30.
    6. Japanese GDP: Wednesday, 23:50. The economy of the third-largest global economy probably expanded also in early 2017: +0.4% is forecast.
    7. Australian jobs report: Thursday, 1:30. A modest gain of 5.2K is estimated and the unmeployment rate will likely stay at 5.9%.
    8. US jobless claims: Thursday, 12:30. A small rise from 236K to 240K is expected.

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    Last edited by 1Finance; 05-13-2017 at 06:15 AM.
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    Weekly EUR/USD Outlook: 2017, May 14 - May 21

    Weekly Outlook: 2017, May 14 - May 21-eurusd-d1-metaquotes-software-corp.png


    EUR/USD took Macron’s victory with a stride, having priced in the election from the outset. GDP and inflation data stand out in the third week of May.


    Weekly Outlook: 2017, May 14 - May 21-eurusd-h1-metaquotes-software-corp.png


    1. French CPI (final): Tuesday, 6:45. The final read will likely confirm it.
    2. Italian GDP: Tuesday, 8:00. After 0.2% in Q4 2016, the exact same rate is predicted now.
    3. GDP: Tuesday, 9:00. A repeat is predicted.
    4. German ZEW Economic Sentiment: Tuesday, 9:00. Another upbeat number could follow: 22.3 is predicted. The all-European figure is also predicted to advance: from 26.3 to 29.1 points.
    5. Trade Balance: Tuesday, 9:00. A similar figure is on the cards now: 18.8 billion.
    6. CPI (final): Wednesday, 9:00. The preliminary inflation estimates showed a pickup in inflation in April: 1.9% on the headline and a surprisingly strong jump in core inflation at 1.2%. The final read should confirm these early assessments.
    7. German PPI: Friday, 6:00. April could see PPI picking up: +0.2%.
    8. Current Account: Friday, 8:00. It is now forecast to dip to 32.3 billion.
    9. Consumer Confidence: Friday, 14:00. A score of -4 was seen in April and a small rise to -3 is forecast now.

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    Last edited by 1Finance; 05-13-2017 at 06:12 AM.
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