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Some announcements that may impact the markets this week
Big news for this week!
Below are some announcements that may
impact the markets this week:
GMT
|
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Monday, May 05
|
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01:30
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AUD
|
Building Permits
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09:00
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EUR
|
Producer Price Index
|
14:00
|
USD
|
ISM Non-Manufacturing PMI
|
Tuesday, May 06
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04:30
|
AUD
|
RBA Interest Rate Decision
|
08:00
|
EUR
|
Markit Services PMI
|
09:00
|
EUR
|
Retail Sales
|
22:45
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NZD
|
Unemployment Rate
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23:50
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JPY
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BoJ Monetary Policy Meeting
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Wednesday, May 07
|
||
01:30
|
AUD
|
Retail Sales
|
06:00
|
EUR
|
Factory Orders
|
19:00
|
USD
|
Consumer Credit Change
|
Thursday, May 08
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||
01:30
|
AUD
|
Unemployment Rate
|
07:15
|
CHF
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Consumer Price Index
|
11:00
|
GBP
|
BoE Interest Rate Decision
|
11:00
|
GBP
|
BoE Asset Purchase Facility
|
11:45
|
EUR
|
ECB Interest Rate Decision
|
12:30
|
USD
|
Initial Jobless Claims
|
Friday, May 09
|
||
01:30
|
CNY
|
Consumer Price Index
|
01:30
|
AUD
|
RBA Monetary Policy Statement
|
06:00
|
EUR
|
Trade Balance
|
08:30
|
GBP
|
Industrial Production
|
12:30
|
CAD
|
Unemployment Rate
|
14:00
|
GBP
|
NIESR GDP Estimate
|
BoE Asset Purchase Facility
The Asset Purchase Facility is the value of
money that the BoE intends to create to buy financial assets from commercial
banks and other private institutions.
The reason for this action is to improve liquidity in the credit
markets. This tool is also called
Quantitative Easing. A change in stance
over this figure may impact GBP significantly.
Market News
The EURUSD should have moved significantly today, according to the FX traders who are desperate for some volatility. With Nonfarm Payrolls coming in above all expectations you would have thought it was going to be a $ long day. Not a chance, as EURUSD fell initially when the news came out, it then gradually paired back losses (1.3865 at the time of writing).
While interest rates stay put at historic
lows and Fed Chair Yellen's dovish overtures (apart from one blip...) remain the
stage has been set for Treasury Yields to continue falling - this being a blow
to any dollar appreciation in the near term and partly explains the EUR and GBP
appreciation even while Europe is no 'bed of roses'.
30 Year Bond yields.