US retail sales beat expectations and this strengthen the positive trend for US dollar that began early in May and continued on the previous week. Does it means, we should we expect US Fed rates hike in June? Doubtfully, especially taking into account the situation on the other markets.
On the next Minutes from April FOMC Meeting Minutes will be published and they may give us some additional clues about sentiments of FOMC members.
Here is the list of other significant events we are awaiting on the coming week.
(All times are GMT)
On Tuesday, at 1:30am Monetary Policy Meeting Minutes from Reserve Bank of Australia will be published.
At 3:00am Reserve Bank of New Zealand will announce Inflation Expectations.
At 8:30am we will get information about Consumer Price Index (CPI) from UK Office for National Statistics.
At 12:30pm Statistics Canada will announce Manufacturing Sales data.
At 12:30pm Building Permits in US will be published by Census Bureau.
The same time, at 12:30pm, US Bureau of Labor Statistics will publish Consumer Price Index (CPI) and Core CPI.
At 9:45pm PPI Input q/q will be announced by Statistics New Zealand.
On Wednesday, at 8:30am UK Office for National Statistics will announce data from labor market – Average Earnings Index and Claimant Count Change.
At 2:30pm Crude Oil Inventories will be provided by US Energy Information Administration.
At 6:00pm Federal Reserve will publish the FOMC Meeting Minutes.
On Thursday, at 1:30am statistics from Australian labor market – Employment Change and Unemployment Rate will be provided by Australian Bureau of Statistics.
At 8:30am Great Britain’s Office for National Statistics will inform us about monthly Retail Sales.
At 12:30pm Philly Fed Manufacturing Index will be released by Federal Reserve Bank of Philadelphia.
The same time, at 12:30pm US Department of Labor will announce number of Unemployment Claims – the number of individuals who filed for unemployment insurance for the first time during the past week.
On Friday, at 12:30pm Statistics Canada will issue statistics about monthly Core Retail Sales and Core CPI.
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