The week ahead: Brexit talks to continue, US and China retail sales eyed
Trending topics:
Dollar: The US Dollar has been moderating as risk-on sentiment attempts to gather momentum, while investors begin pricing in expectations that US interest rates may turn negative before the year is over. Could the speeches by Federal Reserve officials over the coming days lead to major moves in the Greenback?
Gold: Bullion remains range-bound but has managed to seize on the chance to climb slightly higher, thanks to the softer Dollar. What would negative US interest rates mean for Gold prices?
Pound: The Pound is enjoying a slight lift as the UK is on the path towards reopening its economy. However, with Brexit negotiations set to resume this week, could the Pound see bouts of heightened volatility over the near-term?
Oil: Amid signs of more major economies reopening, Oil traders will be awaiting key monthly reports by OPEC and the IEA this week, while also keeping a watchful eye over US inventories. Can the current equilibrium hold for Oil prices?
Upcoming events/releases
Monday, 11 May – France set to reopen economy, Shanghai Disneyland to reopen, Brexit talks to continue
Tuesday, 12 May – Fed speak, US inflation
Wednesday, 13 May – US crude oil inventory, OPEC monthly report, UK GDP, EU industrial production
Thursday, 14 May – US initial jobless claims, IEA monthly report
Friday, 15 May – China’s industrial production, US and China retail sales, Brexit update, Euro-area GDP
Regions available to comment on:
Major markets: UK, Europe, Japan, US, Hong Kong, China
EMEA: Turkey, South Africa, Kenya, Nigeria, Russia
ME & GCC: Egypt, Lebanon, UAE, Saudi Arabia
Asia: Singapore, Malaysia, Thailand, Philippines, India
Author
FXTM Research Team
ForexTime (FXTM)
Forex Time (FXTM) is an international online forex broker regulated by the Cyprus Securities and Exchange Commission (CySEC) and in accordance with Law 144(I)/2007 is also a member of the Investor Compensation Fund (ICF).
