Monday the 22nd of May, Japan Core Machinery Orders - which will likely have very little impact on the markets - not even the USD/JPY should react too much. Although it should be noted last month's figure was negative and this month's result is expecting a better outcome.
Monday the 22nd of May, E.U Consumer Confidence - forecast to produce a negative number, but this statistic doesn't usually get much of a response in the financial markets unless there is a shocking result.
Tuesday the 23rd of May, E.U French and German Manufacturing and Services PMI, along with the broad E.U results - the manufacturing statistics from France and Germany are expected to come in slightly better than last month's results but remain in negative territory.
Tuesday the 23rd of May, U.K Manufacturing and Services PMI - traders will watch these results after the bad GDP numbers from Britain almost two weeks ago.
GBP/USD Three Month Chart as of 21st of May 2023
Tuesday the 23rd of May, U.S Flash Manufacturing and Services PMI - the reports could prove of interest and cause a bit of a tremor in the market, but unless there is a big surprise investors will remain cautious as they anticipate the next day's potentially big risk events.
Wednesday the 24th of May, U.K Bank of England Governor Bailey - will be speaking at two events and could stir the GBP/USD with his comments on the British economy and inflation.
Wednesday the 24th of May, U.S Treasury Secretary Janet Yellen - will be speaking at a Wall Street Journal event, where she will be listened to for any comments on the 'U.S debt ceiling" crisis. Yellen is a 'trained' speaker and she will try not to scare financial institutions who will have some leaders in attendance.
Wednesday the 24th of May, U.S FOMC Meeting Minutes - the report which will outline the U.S Federal Reserve's thinking regarding its recent interest rate hike and what it might be considering regarding June could impact the marketplace. The report is published late in the day, but financial institutions will certainly wait for the publication and react. While the FOMC paper is sometimes considered 'noise', this report will be important because of the nervous sentiment which exists in markets like Forex and equity indices as they deal with a lack of clarity.
Thursday the 25th of May, U.S Preliminary Gross Domestic Product - the growth (or lack of growth) numbers from the States will be watched intently. A muted projected gain of 1.1% is anticipated by some analysts.
Thursday the 25th of May, U.S Preliminary GDP Price Index - this report will deliver insights regarding inflation in the U.S and should be given some attention by traders.
Friday the 26th of May, Core PCE Price Index - the inflation numbers should be watched. Any surprise above the anticipated 0.3% forecast could cause an affect in the financial markets.
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