Trading News to Watch Next Week (13-17 May 2019)
Source: DF Markets
Our video features some, but not all, of the leading market events for next week. Explore the full list of 13 -17 May events in our detailed report.
Tuesday, May 14
GBP – Average Earnings Index 3m/y – 4:30 am (High Impact)
Denotes the change in the price businesses and the government pay for labor, including bonuses. The data represents the 3-month moving average compared to the same period a year earlier.
A performance of 3.5% for the previous month remained true to the general consensus.
GBP – Unemployment Rate – 4:30 am (Medium Impact)
Shows the percentage of total workforce that is unemployed and actively seeking employment during the past 3 months.
An unemployment rate of 3.9% for the previous month confirmed the forecasts.
EUR – German ZEW Economic Sentiment – 5:00 am (Medium Impact)
Shows the level of a diffusion index based on a survey of about 300 German institutional investors and analysts which asks respondents to rate the relative 6-month economic outlook for Germany. Values of above 0.0 indicates optimism, while below that indicate pessimism.
A performance of 3.1 for the previous month crushed a 0.9 forecast.
AUD – Wage Price Index q/q – 9:30 pm (High Impact)
Source: DF Markets
Shows the change in the price businesses and the government pay for labor, excluding bonuses.
A performance of 0.5% for the previous quarter fell just short of reaching the 0.6% forecast.
CNY – Industrial Production y/y – 10:00 pm (Medium Impact)
Portrays the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. Chinese data can have a broad impact on the currency markets due to China’s influence on the global economy and investor sentiment.
A performance of 8.5% for the previous month crushed a 5.6% forecast.
Wednesday, May 15
EUR – Flash GDP q/q – 5:00 am (Medium Impact)
Shows the change in the inflation-adjusted value of all goods and services produced by the economy. The GDP is the broadest measure of economic activity and the primary gauge of the economy’s health.
A performance of 0.2% for the previous quarter confirmed the forecasts.
CAD – CPI m/m – 08:30 am (High Impact)
Shows the change in the price of goods and services purchased by consumers. This is the most important inflation-related release due to its earliness and broad scope.
A performance of 0.7% for the previous month resonated with the forecasts.
USD – Core Retail Sales m/m – 08:30 am (High Impact)
Tracks the change in the total value of sales at the retail level, excluding automobiles.
A performance of 1.2% for the previous month outperformed a general consensus of 0.7%.
AUD – Employment Change – 9:30 pm (High Impact)
Measures the change in the number of employed people during the previous month. This is vital economic data that is released shortly after the month ends.
A change of 25.7K for the previous month crushed a 15.2K forecast.
AUD – Unemployment Rate – 9:30 pm (High Impact)
Shows the percentage of the total workforce that is unemployed and actively seeking employment during the previous month.
A performance of 5.0% for the previous month confirmed the forecasts.
Thursday, May 16
CAD – Manufacturing Sales m/m – 8:30 am (Medium Impact)
Shows the change in the total value of sales made by manufacturers.
A value change of -0.2% for the previous month slightly dipped below -0.1% forecasts.
USD – Building Permits – 8:30 am (Medium Impact)
Shows the annualised number of new residential building permits issued during the previous month. The data is an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.
A count of 1.27M permits for the previous month failed to reach the 1.30M forecasts.
USD – Philly Fed Manufacturing Index – 8:30 am (Medium Impact)
Shows the level of a diffusion index based on a survey of about 250 manufacturers in the Philadelphia Federal Reserve district which asks respondents to rate the relative level of general business conditions.
An index value of 8.5 for the previous month underperformed vs. the expected value of 11.2.
Friday, May 17
USD – Prelim UoM Consumer Sentiment – 10:00 am (Medium Impact)
Shows the level of a composite index based on a survey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions.
A composite index of 96.9 for the previous month fell short of reaching the 98.1 forecasts.
AUD – Parliamentary Elections – All Day (High Impact)
Source: DF Markets
Voters will elect 150 members to the Australian Lower House of Parliament, from which a government will be later formed. The winners will likely be projected before the official vote count is announced based on early vote counts and exit polling.
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