Trading News to Watch Next Week (20-24 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 20-24 May events in our detailed report.

Monday, May 20

 

GBP –  MPC Member Broadbent Speaks – 12:30 pm (Medium Impact)

Due to speak at Imperial College Business School, in London. Audience are questions expected.

USD – FOMC Member Clarida Speaks – 1:05 pm (Medium Impact)

Due to speak about the Federal Reserve’s policy strategy, tools, and communication practices at an event hosted by the Federal Reserve Bank of New York.

USD – Fed Chair Powell Speaks – 7:00 pm (High Impact)

financial charts on US flag background

Source: DF Markets

Due to deliver a speech titled “Assessing Risks to our Financial System” at the Financial Markets Conference in Florida. Audience questions are expected.

AUD – Monetary Policy Meeting Minutes – 9:30 pm (High Impact)

Contains a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

Tuesday, May 21

 

GBP – Inflation Report Hearings – Tentative (High Impact)

During these hearings the BOE Governor and several MPC members vote on where to set the nation’s key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy. The hearings are a few hours in length and can create market volatility for the duration.  

USD – FOMC Member Evans Speaks – 10:45 am (Medium Impact)

Due to speak about the economy and monetary policy at the Financial Markets Conference, in Florida. Audience questions are expected.

USD – FOMC Member Rosengren Speaks – 12:00 pm (Medium Impact)

Due to speak at the Economic Club of New York. Audience questions are expected.

NZD – Retail Sales q/q – 6:45 pm (High Impact)

Tracks the change in the total value of inflation-adjusted sales at the retail level.

A previous quarterly result of 1.7% outperformed the general consensus of 0.5%.

AUD – RBA Gov Lowe Speaks – 10:15 pm (High Impact)

Due to speak about the economic outlook and monetary policy at the Economic Society of Australia Business Lunch in Brisbane.

Wednesday, May 22

 

USD – FOMC Member Bullard Speaks – 1:00 am (Medium Impact)

Due to speak about the US economic outlook and monetary policy at the Foreign Correspondents’ Club of Hong Kong. Audience questions are expected.

GBP – CPI y/y – 4:30 am (High Impact)

Measures the change in the price of goods and services purchased by consumers.

A previous monthly result of 1.9% slightly missed the 2.0% forecast mark.

GBP – Public Sector Net Borrowing – 4:30 am (Medium Impact)

Shows the difference in value between spending and income for public corporations, the central government, and local governments during the previous month.

A positive number indicates a budget deficit, while a negative number indicates a surplus. A previous monthly result of 0.8B underperformed vs. a -0.8B forecast.

CAD – Core Retail Sales m/m – 8:30 am (High Impact)

Shows the change in the total value of sales at the retail level, excluding automobiles.

A previous monthly value of 0.6% exceeded expectations of 0.2%.

USD – FOMC Member Williams Speaks – 10:00 am (Medium Impact)

Due to hold a press conference about US home ownership at the Federal Reserve Bank of New York.

USD – FOMC Meeting Minutes – 2:00 pm (High Impact)

Contains a detailed record of the FOMC’s most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates.

Thursday, May 23

 

EUR – French Flash Services PMI – 3:15 am (High Impact)

Shows the level of a diffusion index based on a survey of about 300 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

Above 50.0 indicates industry expansion, while below that indicates contraction. A previous monthly result of 44.5 underperformed vs. forecasts of 45.2.

EUR – German Flash Manufacturing PMI – 3:30 am (High Impact)

Shows the level of a diffusion index based on a survey of about 500 managers in the manufacturing industry which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

Above 50.0 indicates industry expansion, while below that indicates contraction. A previous monthly result of 50.5 beat forecasts of 49.8.

EUR – German Flash Services PMI – 3:30 am (High Impact)

Shows the level of a diffusion index based on a survey of about 500 managers in the services industry which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

Above 50.0 indicates industry expansion, while below that indicates contraction. A previous monthly result of 55.6 beat forecasts of 55.0.

All – OPEC-JMMC Meetings – Tentative (Medium Impact)

OPEC-JMMC meetings are attended by representatives from the 13 OPEC members and 11 other oil-rich nations. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.

EUR – European Parliamentary Elections – Day 1 (High Impact)

vote box on EU flag background

Source: DF Markets

The elections are held once every 5 years and usually lead to significant market volatility.

EUR – ECB Monetary Policy Meeting Accounts – 7:30 am (Medium Impact)

Contains a detailed record of the ECB Governing Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

NZD – Trade Balance – 6:45 pm (Medium Impact)

Shows the difference in value between imported and exported goods during the reported month.

A positive number indicates that more goods were exported than imported. A previous monthly result of 922M crushed expectations of 131M.

Friday, May 24

 

GBP – Retail Sales m/m – 4:30 am (High Impact)

Tracks the change in the total value of inflation-adjusted sales at the retail level. A previous monthly result of 1.1% beat expectations of -0.3%.

EUR – European Parliamentary Elections – Day 2 (High Impact)

The elections are held once every 5 years and usually lead to significant market volatility.

USD – Core Durable Goods Orders m/m – 8:30 am (High Impact)

Shows the change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items. This metric is a leading indicator of production—rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.

A previous monthly result of 0.4% slightly beat expectations of 0.2%.

Missed our previous report? Go back and catch up on last week’s top news. You can also visit our economic calendar to study past and upcoming events in more detail.

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