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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 12
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01:30
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AUD
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Business Confidence
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05:00
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JPY
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Eco Watchers Survey
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18:00
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USD
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Monthly Budget Statement
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Tuesday, May 13
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01:30
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AUD
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House Price Index
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05:30
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CNY
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Industrial Production
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09:00
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EUR
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Economic Survey
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09:30
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AUD
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Budget Release
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12:30
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USD
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Retail Sales
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Wednesday, May 14
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06:00
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EUR
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Germany Consumer Price Index
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08:30
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GBP
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Unemployment Rate
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09:30
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GBP
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BoE Inflation Report
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23:50
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JPY
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Gross Domestic Product
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Thursday, May 15
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03:25
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JPY
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BoJ Governor Kuroda Speech
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06:00
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EUR
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Germany Gross Domestic Product
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09:00
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EUR
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Consumer Price Index
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09:00
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EUR
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Gross Domestic Product
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12:30
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USD
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Consumer Price Index
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Friday, May 16
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04:30
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JPY
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Industrial Production
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09:00
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EUR
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Trade Balance
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13:55
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USD
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Consumer Sentiment
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Market News
An interesting end to the week! We have seen the markets ignore strong
results from the USA in the recent past (note Treasury yield curve
chat from last update). However, one
comment from Draghi yesterday blew a cold wind through the EURO (was this
calculated to have the effect it did?) as he intonated potential 'easing' in
June.
Many analysts have got EURUSD's position
wrong this year, the majority estimating it to be below 1.30. Just how long this easing pressure will
remain in place is open to doubt as the long term trend remains firmly north
facing.
The Loonie (CAD) had a bad day and
employment figures disappointed, losing 60 pips against the Greenback. Last month the BOC gave a neutral rating on
interest rate direction even after reducing growth targets with anticipated
lower inflation forecasts for the next few years. Rate cut?