Re: Hotforex.com - Market Analysis and News.
Publié : 13 mai 2019, 12:42
Date : 13th May 2019.
Events to Look Out for Next Week.
Markets could keep being restive as the trade war escalates, with concerns rising regarding a response from China. Meanwhile, the main focus should turn to the US as the week ahead includes a heavy slate of economic reports that will include important updates on consumption, inventories, factory output, sentiment, and the housing sector.
* Tuesday – 14 May 2019
* Harmonized Index of Consumer Prices (EUR, GMT 06:00) – The preliminary German HICP inflation for April was higher than initially expected, at 2.1% y/y. However the final reading is expected to fall back to 1.7% y/y.
* Average Earnings (GBP, GMT 08:30) – Average Earnings excluding bonus for March is expected to hold at 3.4%. The ILO unemployment rate (3-month) is expected to have remained at 3.9%.
* ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for May is expected to decline to 1.0 compared to 4.5 last month.
* Wednesday – 15 May 2019
* Gross Domestic Product (EUR, GMT 06:00) – German Preliminary Q1 results are expected to come in stronger than expected at 0.3%, after confirmed at 0.0% q/q for Q4 2018. Eurozone prelim. Q1 GDP growth expected to be confirmed at 0.4% q/q.
* Retail Sales and Core (USD, GMT 12:30) – We expect readings of 0.2% for April retail sales and 0.7% for ex-auto sales, following a 1.6% increase for the March headline and a 1.2% increase ex-autos. Unit vehicle sales slowed in April, and gasoline prices should continue to boost retail activity given an estimated 5.5% increase in the CPI for gasoline.
* Consumer Price Index (CAD, GMT 12:30) – The Canadian CPI is expected to slip to 0.3% from the 0.7% reading the past 2 months.
* Thursday – 16 May 2019
* Employment Data (AUD, GMT 01:30) – Australian labour market data is expected to deteriorate, as the unemployment rate expected to increase to 5.1% in April from 5.0% last month, while employment is anticipated at 14K from 25.7K in March.
* Housing Data (USD, GMT 12:30) – Both Building Permits and Housing Starts should jump in April, to a 1.215 mln pace and to 1.298 mln respectively, after a 0.3% and 0.2% decline seen in March. Overall, a stronger trajectory is expected for starts with a positive but slower pace for permits.
* Friday – 17 May 2019
* Consumer Price Index (EUR, GMT 09:00) – The Euro Area CPI for April is expected to slow down slightly, at 0.7% from 1% last month. However, the overall picture remains largely unchanged, with headline inflation remaining modest, but underlying inflation starting to firm. No reason then for the ECB to add additional stimulus measures to an already very accommodative policy stance, and “low for longer” remains the message not just from the ECB.
* Michigan Consumer Sentiment Index (USD, GMT 14:00) – The preliminary May Michigan sentiment reading is forecast at 97.7, up from the final April sentiment at 97.2.
Please note that times displayed based on local time zone and are from time of writing this report.
Click HERE to access the full HotForex Economic calendar.
Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!
Click HERE to READ more Market news.
Andria Pichidi
Market Analyst
HotForex
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
Events to Look Out for Next Week.
Markets could keep being restive as the trade war escalates, with concerns rising regarding a response from China. Meanwhile, the main focus should turn to the US as the week ahead includes a heavy slate of economic reports that will include important updates on consumption, inventories, factory output, sentiment, and the housing sector.
* Tuesday – 14 May 2019
* Harmonized Index of Consumer Prices (EUR, GMT 06:00) – The preliminary German HICP inflation for April was higher than initially expected, at 2.1% y/y. However the final reading is expected to fall back to 1.7% y/y.
* Average Earnings (GBP, GMT 08:30) – Average Earnings excluding bonus for March is expected to hold at 3.4%. The ILO unemployment rate (3-month) is expected to have remained at 3.9%.
* ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for May is expected to decline to 1.0 compared to 4.5 last month.
* Wednesday – 15 May 2019
* Gross Domestic Product (EUR, GMT 06:00) – German Preliminary Q1 results are expected to come in stronger than expected at 0.3%, after confirmed at 0.0% q/q for Q4 2018. Eurozone prelim. Q1 GDP growth expected to be confirmed at 0.4% q/q.
* Retail Sales and Core (USD, GMT 12:30) – We expect readings of 0.2% for April retail sales and 0.7% for ex-auto sales, following a 1.6% increase for the March headline and a 1.2% increase ex-autos. Unit vehicle sales slowed in April, and gasoline prices should continue to boost retail activity given an estimated 5.5% increase in the CPI for gasoline.
* Consumer Price Index (CAD, GMT 12:30) – The Canadian CPI is expected to slip to 0.3% from the 0.7% reading the past 2 months.
* Thursday – 16 May 2019
* Employment Data (AUD, GMT 01:30) – Australian labour market data is expected to deteriorate, as the unemployment rate expected to increase to 5.1% in April from 5.0% last month, while employment is anticipated at 14K from 25.7K in March.
* Housing Data (USD, GMT 12:30) – Both Building Permits and Housing Starts should jump in April, to a 1.215 mln pace and to 1.298 mln respectively, after a 0.3% and 0.2% decline seen in March. Overall, a stronger trajectory is expected for starts with a positive but slower pace for permits.
* Friday – 17 May 2019
* Consumer Price Index (EUR, GMT 09:00) – The Euro Area CPI for April is expected to slow down slightly, at 0.7% from 1% last month. However, the overall picture remains largely unchanged, with headline inflation remaining modest, but underlying inflation starting to firm. No reason then for the ECB to add additional stimulus measures to an already very accommodative policy stance, and “low for longer” remains the message not just from the ECB.
* Michigan Consumer Sentiment Index (USD, GMT 14:00) – The preliminary May Michigan sentiment reading is forecast at 97.7, up from the final April sentiment at 97.2.
Please note that times displayed based on local time zone and are from time of writing this report.
Click HERE to access the full HotForex Economic calendar.
Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!
Click HERE to READ more Market news.
Andria Pichidi
Market Analyst
HotForex
Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.