TC Economic Insight - The Week Ahead (May 13 - May 17)

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Using Multi-Stock Trading LLC's "Economic Insight" investors can check out up-coming major economic data.

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We are looking into the trading week of May 13 - 17:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

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As expected, the U.S. Federal Reserve maintained its key interest rate unchanged at 5.25%-5.50%.

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However, Fed Chairman Jerome Powell gave less-hawkish-than-expected comments, as he pointed out clearly that the central bank is not likely to hike rates in its next move.

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And then the U.S. official jobs report showed a lower-than-expected increase in non-farm payrolls (+175,000 in April) with the jobless rate rising to 3.9%, raising expectations for interest-rate cuts.

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As a result, market sentiment got a boost, driving the Dow Jones Industrial Average to post an eight-session winning streak.

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The next market-moving economic event should be the U.S. reporting inflation data on Wednesday (May 15). According to Multi-Stock Trading LLC's "Economic Insight", U.S. inflation should be remaining stable at 3.5% on year in April. 

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In the past 12 U.S. Inflation Reports, EUR/USD fell in 58% of times (7 out of 12 events) within one hour from the report’s release, marking a trading range of 59.70 pips on average.

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Key Economic Data Forecasts:

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Monday (May 13)

AU NAB Business Confidence (APR) to climb to 2

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CA Building Permits (MAR) -4.5% MoM

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Tuesday (May 14)

JP Producer Price Index (APR) +0.7% YoY

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GB Unemployment Rate (MAR) to stay at 4.2%

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DE ZEW Economic Sentiment Index (MAY) to rise to 45

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US Producer Price Index (APR) +2.2% YoY

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US Fed Chair Powell Speech

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Wednesday (May 15)

HK Market Closed for Buddha's Birthday

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EA Industrial Production (MAR) -0.2% MoM 

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US Inflation Rate (APR) to stay at 3.5% YoY

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US Core Inflation Rate (APR) to dip to 3.7% YoY

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US Retail Sales (APR) +0.3% MoM

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US NY Empire State Manufacturing Index (MAY) to improve to -8

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Thursday (May 16)

JP GDP Annualized (Q1) +1.3%

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AU Employment Change (APR) +25,000

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AU Unemployment Rate (APR) to climb to 3.9%

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US Initial Jobless Claims expected to drop to 225,000

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US Philadelphia Fed Manufacturing Index (MAY) may fall to 4

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US Housing Starts (APR) +3.8% MoM 

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US Building Permits (APR) -0.2% MoM 

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US Industrial Production (APR) +0.2% MoM 

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Friday (May 17)

CN Industrial Production (APR) +4.8% YoY

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CN Retail Sales (APR) +3.2% YoY

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FR Unemployment Rate (Q1) to tick down to 7.4%

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US Conference Board Leading Index (APR) -0.2% MoM

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Happy Trading!

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Source: Multi-Stock Trading LLC Economic Insight

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