Weekly Forex Outlook: 19/05/2023 – RBNZ, Fed minutes, UK & US inflation, flash PMIs on tap
May 19, 2023 12:27 pm
The RBNZ looks set to raise rates for a 12th time in the coming week, while inflation figures out of the United Kingdom and United States will be crucial in shaping rate hike expectations. After some shockingly bad data recently, Germany’s PMI readings will likely capture the most attention from S&P Global’s flash surveys for May. With sentiment still fragile, the PMIs could set the tone for equity markets, but will they aid the US dollar’s advance or will the Fed’s May meeting minutes rein in the bulls?
0:00 Intro 0:12 RBNZ 1:21 Kiwi 2:19 FOMC Minutes 3:18 PCE Inflation 4:04 US Dollar 4:28 Eurozone PMIs 5:25 UK CPI 6:04 Pound
For more information on the topics discussed in this video, including detailed charts and tables, read the full Week Ahead article:
The Risk Warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date Risk Warning
Visit the XM Research Portal for your daily dose of market news and analysis, as well as live education sessions, and other useful trading tools: https://www.xm.com/research/analysis
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD as well as gold, oil, stock indices, commodities and stocks.
The RBNZ looks set to raise rates for a 12th time in the coming week, while inflation figures out of the United Kingdom and United States will be crucial in shaping rate hike expectations. After some shockingly bad data recently, Germany’s PMI readings will likely capture the most attention from S&P Global’s flash surveys for May. With sentiment still fragile, the PMIs could set the tone for equity markets, but will they aid the US dollar’s advance or will the Fed’s May meeting minutes rein in the bulls?
0:00 Intro
0:12 RBNZ
1:21 Kiwi
2:19 FOMC Minutes
3:18 PCE Inflation
4:04 US Dollar
4:28 Eurozone PMIs
5:25 UK CPI
6:04 Pound
For more information on the topics discussed in this video, including detailed charts and tables, read the full Week Ahead article:
https://www.xm.com/research/analysis/previews/xm/week-ahead-rbnz-fed-minutes-uk-us-inflation-flash-pmis-to-headline-packed-week-179713
Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
The Risk Warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date Risk Warning
Visit the XM Research Portal for your daily dose of market news and analysis, as well as live education sessions, and other useful trading tools: https://www.xm.com/research/analysis
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD as well as gold, oil, stock indices, commodities and stocks.
Related Posts: