Recently, the EUR/USD has been trading downwards. As I expected, the price tested the level of 1.1170. Anyway, according to the 15M time frame, I…
Let’s take a look at the potential FX market moves scheduled on Tuesday, 16th of May.
There are three items regarding the UK economy out at 8:30, including the high importance CPI for April. The 12-month inflation rate was 2.3% in March, unchanged from February.
Producer prices for April is the second item published at this time. Prices rose by point 4% month on month in March and monthly inflation has now been growing since February 2016, which is the longest continuous period of growth since late 2011.
House Price Index for March is the final release scheduled at 8:30. Index increased in February after declining to 5.3% in the year’s opening month.
Then data run continues at 9 o’clock with a batch of Euro Zone publications and high importance first quarter Flash GDP is one of them. According to preliminary report, economy expanded by a half a percent.
Euro Zone and German ZEW surveys for May will also be available at this time. Economic sentiment showed improvement in April in both the whole bloc and Germany.
Euro Zone trade report for March warps up the data run at 9 AM. The seasonally adjusted surplus was 19.2 billion in February, an increase compared with January’s surplus of 15.7 billion.
US housing starts and building permits for April follow at 12:30 PM GMT. March brought a decline in housing starts, but building permits rose.
US industrial production for April is up next at a quarter past 1. Production rebounded by a half a percent in March after a flat reading in February.
First quarter New Zealand producer price index is out at 10:45 PM. PPI accelerated more than expected in the final quarter of last year in both input and output terms.
Japanese Core Machinery Orders for March are up next at ten to midnight. Orders rose by 1.5% in February, partially recovering the slide of 3.2% that was posted in January.
Australian consumer sentiment for May wraps up this agenda at a half past midnight. Sentiment declined in April after three consecutive months in the black.
I’m Celeste Skinner and that’s all for Tuesday’s Economic Calendar, but do click back for Wednesday’s report. Goodbye.
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