TC Economic Insight - The Week Ahead (May 20 - 24)

TC Economic Insight - The Week Ahead (May 20 - 24)

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

We are looking into the trading week of May 20 - 24:

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:

In late-April and early-May, Japanese authorities were suspected to have intervened in the forex market to buy up the yen after USD/JPY struck the level of 160, a 34-year high. 

Later, U.S. inflation data came in milder than expected, boosting hopes for the Federal Reserve cutting interest rates, and pushing major U.S. stock indexes to record closing levels.  

If Japan’s inflation cools faster than in the U.S., the USD/JPY should have pressure to surpass 160 once again.

Japan’s monthly inflation report will be released on Friday (May 24). According to Trading Central's "Economic Insight", the Core Inflation Rate should be easing further to 2.4% on year in April. 

In the past 12 Japan Inflation Reports, USD/JPY fell in 67% of times (8 out of 12 events) within one hour from the report’s release, marking a trading range of 19.52 pips on average.

Key Economic Data Forecasts:

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Monday (May 20)

DE Producer Prices (APR) -3.1% YoY

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Tuesday (May 21)

AU Westpac Consumer Confidence (MAY) +0.9% MoM

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AU Central Bank to release latest monetary-policy meeting minutes

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CA Inflation Rate (APR) may ease to 2.8% YoY 

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Wednesday (May 22)

JP Machinery Orders (MAR) -3.2% MoM

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JP Trade Surplus (APR) may fall to 250 billion yen

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NZ Central Bank expected to keep key rate unchanged at 5.50%

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GB Inflation Rate (APR) may slow to 2.7% YoY 

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US Existing Home Sales (APR) +0.5% MoM 

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US Federal Reserve to release latest monetary-policy meeting minutes

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Thursday (May 23)

NZ Retail Sales (Q1) +1.5% YoY

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DE HCOB Manufacturing PMI Flash (MAY) to rise to 44

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US Initial Jobless Claims expected to rise to 225,000

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US New Home Sales (APR) -1.4% MoM

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Friday (May 24)

JP Inflation Rate (APR) to slow to 2.5% YoY

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JP Core Inflation Rate (APR) to slow to 2.4% YoY

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GB Retail Sales (APR) +0.3% MoM 

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US Durable Goods Orders (APR) +0.3% MoM

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CA Retail Sales (MAR) +0.0% MoM

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Happy Trading!

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Source: Trading Central Economic Insight

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