TC Economic Insight -
The Week Ahead (June 5-9)
Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of June 5-9 :
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:
The Reserve Bank of Australia will set its key interest rate on Tuesday (June 6).
Back in May, the central bank unexpectedly raised its key interest rate by 25 basis points to 3.85% (vs keeping rate unchanged at 3.60% expected).
According to Trading Central's "Economic Insight", the RBA will maintain its key rate at 3.85% on Tuesday.
In the past 11 RBA Interest-Rate Decisions, AUD/USD fell in 55% of times (6 out of 11 reports) within one hour from the report’s release, marking a trading range of 47.59 pips on average.
Other key economic data include:
Monday (June 5)
China's Caixin Services PMI is expected to ease to 55.0 in May.
Singapore’s Retail Sales should grow 3.1% on year in April.
Germany’s Trade Surplus is expected to decline to 15.1 billion euros in April.
The Eurozone’s Producer-Price Growth may slow to 2.1% on year in April.
U.S. ISM Services PMI should rise to 52.4 in May.
Tuesday (June 6)
U.K. BRC Like-for-like Retail Sales are expected to increase 5.4% on year in May.
Australia’s Central Bank is expected to keep its key interest rate unchanged at 3.85%.
The Eurozone’s Retail Sales are expected to decline 0.1% on month in April.
Canada’s Building Permits should fall 6.6% on month in April.
Canada’s Ivey PMI may tick down to 56.5 in May.
Wednesday (June 7)
Australia's GDP Growth Rate may ease to 2.4% on year in the first quarter.
China's Exports are expected to grow 1.0% on year in May.
Germany’s Industrial Production should grow 0.9% on month in April.
U.S. Trade Deficit is expected to widen to $78.2 billion in April.
Canada’s Central Bank is expected to keep its key interest rate unchanged at 4.5%.
Thursday (June 8)
U.K. RICS House Price Balance is expected to tick up to -37% in May.
Australia's Trade Surplus may decline to A$12.4 billion dollars in April.
U.S. Initial Jobless Claims are expected to rise to 235,000.
Friday (June 9)
China's Inflation Rate is expected to rise to 0.2% on year in May.
Canada’s Employment may increase by 40,000 in May.
Happy Trading!
Source: Trading Central Economic Insight
