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Weekly Market View

Do not Relax Your Attention

Fri, May 16 2008, 11:01 GMT
by Tatsuya Kawanishi

FXstreet.com

Let's keep our eyes open for the markets during the week ( May 19 to May 23 ) The week has several significant events. On schedule we have the BoJ interest rate decision, Canadian CPI and retail sales, and the US housing data. Okay! Let's review them all.

On Sunday ( May 18th ) we have the following events to watch:

In the UK, Rightmove House Price Index ( Previous -0.1% ) is released at 23.01 GMT. There is no further events on Sunday.

On Monday ( May 19th ) we have the following events to watch:

In the US, Leading Index ( Previous 0.1% ) is important event to watch. In Japan, Tertiary Industry Activity Index ( Previous -1.7% ) is released at 23:50 GMT.

On Tuesday ( May 20th ) we have the following events to watch:

In Australia, RBA Meeting Minutes are released at 01:30 GMT. Be aware of how the RBA considers the current value of the AUD. In Germany, PPI ( Previous 0.7% ) and ZEW Economic Sentiment ( Previous -40.7 ) are notable events to watch. In Japan, the BoJ Interest Rate Announcement( Current 0.50% ) is scheduled. Let's see how the BoJ observes the economic situation. In Switzerland, PPI ( Previous 0.6% ) is an event to follow. In Canada, Wholesale Sales ( Previous -1.8% ) are scheduled at 12:30 GMT. In the US, PPI ( Previous 1.1% ), and Core PPI ( Previous 0.2% ) are released at 12:30 GMT. This event may generate a good deal of volatility for the USD against the other majors.

On Wednesday ( May 21st ) we have the biggest day of the week with the following events:

In Australia, WMI Consumer Sentiment ( Previous -1.3% ) is scheduled at 00:30 GMT. In New Zealand, Credit Card Spending ( Previous 3.5% ) is released at 03:00 GMT. In the UK, the BoE Minutes of the last meeting are released at 8:30 GMT. We carefully watch what outlook the BoE has for the current situation. The content of the meeting may generate a good deal of volatility for the GBP against the major currencies. In Canada, CPI ( Previous 0.4% ), Core CPI ( Previous 0.2% ) and Leading Indicators ( Previous 0.0% ) are notable events to monitor. In the US, FOMC Meeting Minutes are released at 18:00 GMT. Please keep eyes open for it. The content of the meeting may generate high volatility for the USD against the major currencies. In Japan, Trade Blance ( Previous 0.77T ) is an event to monitor.

On Thursday ( Mar 22nd ) we have the following events to watch:

In the Eurozone, Industrial New Orders ( Previous 0.6% ) is an event to follow. In the UK, CBI industrial Trends Orders ( Previous -13 ) is a remarkable event to watch. In Canada, Retail Sales ( Previous -0.7% ) and Core Retail Sales ( Previous -0.3% ) are notable events to monitor. Be aware USD/CAD traders. In the US, Unemployment Claims and Housing Price Index ( Previous 0.6% ) are events to follow. In Japan, BoJ Monetary Policy Meeting Minutes are released at 23:50 GMT.

On Friday ( Mar 23rd ) we have the following events to watch:

In Switzerland, Trade Balance ( Previous 1.25B ) is to be taken in account. In the UK, Gross Domestic Product ( Previous 0.4% ) is an event to monitor. In the US, Existing home Sales ( Previous 4.93M ) is an event to watch.

Published on  Fri, May 16 2008, 11:04 GMT

Archive

• Unwinding Carry Trades Roil the Markets
  Published On Mon, Sep 8 2008, 07:43 GMT
• Unwinding Carry Trades Roil the Markets
  Published On Fri, Sep 5 2008, 12:04 GMT
• The Central Banks' Interest Rate Decisions And The Big Non-Farm Payrolls
  Published On Mon, Sep 1 2008, 07:41 GMT
• The Central Banks' Interest Rate Decisions And The Big Non-Farm Payrolls
  Published On Fri, Aug 29 2008, 13:05 GMT
• Do not Relax Your Attention
  Published On Fri, Aug 22 2008, 13:08 GMT

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