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The FxPro Analyst Team

Bank Holidays in Japan, China and Russia Put Focus on U.S. PCE Data

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At 12:00 GMT, German Harmonised Index of Consumer Prices (YoY) (Apr) is expected to come in unchanged at 1.5%. Harmonised Index of Consumer Prices (MoM) (Apr) is expected to be 0.0% from a previous 0.4%. This data is expected to match the previous reading on a yearly basis, with a fall in the monthly reading adding to concerns about German economic strength. EUR crosses may be moved by this data.

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At 12:30 GMT, US Personal Consumption Expenditures – Price Index (YoY) (Mar) is expected to be 2.0% from 1.8% previously. Core Personal Consumption Expenditures – Price Index (MoM) (Mar) is expected to be unchanged at 0.2%. Personal Consumption Expenditures – Price Index (MoM) (Mar) is expected to come in at 0.1% from 0.2% previously. Personal Income (MoM) (Mar) is expected unchanged at 0.4%. Personal Spending (Mar) is expected at 0.4% v 0.2% previously. Core Personal Consumption Expenditures – Price Index (YoY) (Mar) is expected to be 1.9% from 1.6% previously. This data is expected to come in largely as expected, with a notable increase in personal spending likely and some upward pressure on inflation. USD crosses may be heavily traded as a result of this data.

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Major data releases for this week:

On Tuesday, at 04:30 GMT, the RBA will release its Interest Decision and Rate Statement.

At 18:30 GMT, BOC Governor Poloz will deliver a speech.

At 22:45 GMT, New Zealand Jobs data will be released.

On Wednesday, at 09:00 GMT, Eurozone GDP Data will be out.

At 18:00 GMT, the US Fed’s Monetary Policy Statement and Rate Decision will be released.

On Thursday, at 09:00 GMT, Eurozone Consumer Price Index will be released.

On Friday, at 01:30 GMT, the RBA Monetary Policy Statement will be published.

At 12:30 GMT, US Nonfarm Payrolls and Average Hourly Earnings data will be released.