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Market Opportunities : Week 09-05-2022 - 13-05-2022
EURUSD: German ZEW Economic Sentiment report is the major economic event in the May 9 - 13 week. The report is due on May 10 and will be used to gauge investors’ view on the prospects of euro-zone's biggest economy after disappointing retail sales data. In case the business sentiment deterioration is less than expected the EURUSD will get a bullish impulse.
GBPUSD: The United Kingdom Manufacturing Production report on May 12 is an important indicator. The Manufacturing Production report for March will be used to gauge the shape of UK manufacturing sector as the monetary authorities are struggling to contain high inflation. In case UK manufacturing output records a growth – the GBPUSD will get a bullish boost.
GBPUSD: The United Kingdom Manufacturing Production report on May 12 is an important indicator. The Manufacturing Production report for March will be used to gauge the shape of UK manufacturing sector as the monetary authorities are struggling to contain high inflation. In case UK manufacturing output records a growth – the GBPUSD will get a bullish boost.
Key Events to Watch
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2022-05-10 | NZD | New Zealand Electronic Card Retail Sales m/m | 2.2% | -1.3% |
| 2022-05-10 | EUR | ZEW Germany Economic Sentiment Indicator | -40.4 | -41.0 |
| 2022-05-11 | USD | EIA United States Crude Oil Stocks Change | ||
| 2022-05-12 | GBP | United Kingdom Manufacturing Production m/m | 0.0% | -0.4% |
| 2022-05-12 | GBP | United Kingdom Gross Domestic Product (GDP) q/q | 0.7% | 1.3% |
| 2022-05-12 | GBP | United Kingdom Gross Domestic Product (GDP) m/m | 0.1% | 0.1% |
| 2022-05-12 | GBP | United Kingdom Gross Domestic Product (GDP) 3m/3m | 1.0% | |
| 2022-05-12 | MXN | Bank of Mexico Interest Rate Decision | 6.50% | |
| 2022-05-13 | HKD | Hong Kong Gross Domestic Product (GDP) q/q |
