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Daily Economic Events+

The FxPro Analyst Team

US FOMC Members will be speaking today ahead of the FOMC

At 12:30 GMT, Chicago Fed National Activity Index (Apr) is expected to be 0.14 from a previous 0.10. This data has held above the zero level for 2018 with a spike higher to 0.88 in the February reading. This shows a healthy economy with the 2018 average at a higher level than previous years. Slip under zero can cause a market reaction but is not a worry in itself with the normal range re-establishing itself. USD crosses can see spikes in volatility during this time. At 16:15 GMT, FOMC Member ...

The FxPro Analyst Team

Canadian CPI and Retail Sales Data in Focus Today

At 07:00 GMT, US FOMC Member Mester is due to speak about monetary policy at the ECB macroprudential policy and research conference, in Frankfurt. Audience questions are expected to follow. USD pairs may be influenced by this event if monetary policy is discussed. At 12:30 GMT, Canadian Consumer Price Index (MoM) (Apr) is expected to be 0.4% against 0.3% previously. BOC Consumer Price Index Core (YoY) (Apr) is expected to be unchanged at 1.4%. BOC Consumer Price Index Core (MoM) (Apr) is also ...

The FxPro Analyst Team

Brexit Developments Take Centre Stage on Light Day for Economic Events

At 10:30 GMT, ECB Vice President Victor Constancio is due to deliver his closing remarks as he leaves his position with the Bank. EUR pairs may be influenced by this event if monetary policy is discussed. At 12:30 GMT, US Continuing Jobless Claims (May 4) is expected to be 1.78M against 1.79M previously. Initial Jobless Claims (May 11) is expected to come in at 215K against 211K previously. This data is showing a continuing increase in the number of new claims, but continuing claims have ...

The FxPro Analyst Team

Eurozone CPI MoM Figures Expected to Fall

At 07:00 GMT, the ECB Non-Monetary Policy Meeting will take place. EUR crosses could be influenced by this event. At 09:00 GMT, Eurozone Consumer Price Index – Core (YoY) (Apr) will be released. The consensus is for an unchanged reading of 0.7%. Consumer Price Index (MoM) (Apr) is expected to be 0.3% from 1.0% previously. Consumer Price Index (YoY) (Apr) is expected to be unchanged at 1.2%. Consumer Price Index – Core (MoM) (Apr) is expected at 0.2% from 1.4% prior. YoY Inflation rose to 2.0%, ...

The FxPro Analyst Team

UK Jobs Report Due from the UK Today

At 08:30 GMT, UK Average Earnings excluding Bonus (3Mo/Yr) (Mar) is expected to come in at 2.9% from 2.8% previously. Claimant Count Change (Apr) is expected at 7.5K from a previous reading of 11.6K. ILO Unemployment Rate (3M) (Apr) is expected to be unchanged at 4.2%. Average Earnings including Bonus (3Mo/Yr) (Mar) is expected to be 2.6% from 2.8% previously. Claimant Count Rate (Mar) was 2.4% previously. Wage growth had been expected to continue to tick up last month, having stabilised at ...

The FxPro Analyst Team

Fed Speakers Take Centre Stage as Markets Look to Week Ahead

At 06:45 GMT, Fed Member Mester is due to speak at the Central Banking Series hosted jointly by the Global Interdependence Center and Bank of France, in Paris. Audience questions are expected to follow. USD crosses may see spikes in volatility during this event. At 13:40 GMT, Fed Member Bullard is expected to speak in a scheduled event at the Consensus Blockchain event in New York. USD crosses may be affected by any comments made. Major data releases for this week: On Tuesday, at 01:30 GMT, ...

The FxPro Analyst Team

Canadian Unemployment Rate Forecast to Hold Steady at 5.8%

At 08:30 GMT, Hong Kong Gross Domestic Product (YoY) (Q1) data will be released with a previous reading of 3.4%. This data has been lower since the high of 4.3% achieved in May 2017. HKD pairs could move because of this data release. At 12:30 GMT, Fed Member Bullard is due to give a pre-scheduled speech. USD crosses could see spikes in volatility during this event. At 12:30 GMT, Canadian Unemployment Rate (Apr) is expected to be unchanged at 5.8%. Participation Rate (Mar) is also expected to ...

The FxPro Analyst Team

BOE Expected to Keep Rates at 0.5%, US CPI Expected to Increase Moderately

At 08:30 GMT, UK Industrial Production (YoY) (Mar) is expected to be 3.1% against a previous 2.2%. Industrial Production (MoM) (Feb) is expected to be 0.2% against 0.1% previously. Last month this data missed expectations. The reading today is expected to come in higher than last month. Manufacturing Production (YoY) (Mar) is expected to be 2.9% against 2.5% previously. Manufacturing Production (MoM) (Mar) is expected to be unchanged at -0.2%. This figure had been less volatile during much of ...

The FxPro Analyst Team

RBNZ Expected to Leave Rates on Hold at 1.75%

At 12:30 GMT, US Producer Price Index Ex-Food and Energy (YoY) (Apr) is expected to be 2.4% against a previous reading of 2.7%. Producer Price Index (MoM) (Apr) is expected to be 0.2% from 0.3% previously. Producer Price Index Ex-Food and Energy (MoM) (Apr) is expected to be 0.2% against a previous reading of 0.3%. Producer Price Index (YoY) (Apr) is expected to be 2.8% from 3.0% previously. This data is expected to come in lower than expected, with the monthly numbers expected to be slightly ...