Russian-Ukrainian conflict is influencing every economic aspect…
5 important events this week will bring us!
- Canadian GDP (Tue, 15:30 MT (12:30 GMT)) – According to analysts, the indicator will advance by 0.1%. If the actual level is higher than the forecasts, the CAD will go up.
- US ISM manufacturing PMI (Tue, 17:00 MT (14:00 GMT)) – Analysts expect the level of PMI to reach 50.4 points. Higher figures will push the USD up.
- Australian retail sales (Fri, 4:30 MT (1:30 GMT)) – Analysts anticipate the level of retail sales to advance by 0.5%. Higher-than-expected figures will boost the US dollar.
- Canadian trade balance (Fri, 15:30 MT (12:30 GMT)) – The difference in value between imported and exported goods are expected to remain at the same level of -1.1 billion dollars. If the actual level is higher, the CAD will be supported.
- US jobs data (Fri, 15:30 MT (12:30 GMT)) – NFP is forecast to increase by 140 thousand jobs, while the unemployment rate will likely remain at the same level and the level of average hourly earnings is forecast to decline by 0.3%. If NFP and average hourly earnings are higher and the unemployment rate is lower than the forecasts, it will make the USD rise.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.