Hirose News|May 12, 2014 9:00 AM

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

 

 

Monday, May 12

01:30

AUD

Business Confidence

05:00

JPY

Eco Watchers Survey

18:00

USD

Monthly Budget Statement

Tuesday, May 13

01:30

AUD

House Price Index

05:30

CNY

Industrial Production

09:00

EUR

Economic Survey

09:30

AUD

Budget Release

12:30

USD

Retail Sales

Wednesday, May 14

06:00

EUR

Germany Consumer Price Index

08:30

GBP

Unemployment Rate

09:30

GBP

BoE Inflation Report

23:50

JPY

Gross Domestic Product

Thursday, May 15

03:25

JPY

BoJ Governor Kuroda Speech

06:00

EUR

Germany Gross Domestic Product

09:00

EUR

Consumer Price Index

09:00

EUR

Gross Domestic Product

12:30

USD

Consumer Price Index

Friday, May 16

04:30

JPY

Industrial Production

09:00

EUR

Trade Balance

13:55

USD

Consumer Sentiment



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?