Weekly Economic & Political Timeline - 6 May 2018

This week will see a lighter news agenda compared to last week, although there will be some major releases such as U.S. inflation data, as well as the release of some central bank input from the Bank of England and The Reserve Bank of New Zealand.

The market will probably be most active on Thursday.

Monday is a public holiday in the U.K., while Tuesday is a holiday in France. France, Germany and Switzerland will also be on holiday on Thursday.

 

U.S. Dollar

It will be an important week for the greenback, starting on Tuesday with a conference speech from the Chair of the Federal Reserve. On Wednesday we will get PPI and and Crude Oil Inventories numbers, followed by CPI data on Thursday.

 

British Pound

It will be an important week for the Pound, with everything important happening on Thursday: Manufacturing Production data, the Bank of England’s Monetary Policy Summary, Official Bank Rate, and Inflation Report.

 

New Zealand Dollar

It will be an important week for the Kiwi, starting on Tuesday with a release of Inflation Expectations data. On Thursday we will get the RBNZ Monetary Policy Statement, Official Cash Rate, and Rate Statement, followed by the usual press conference and speech from the Governor of the RBNZ.

 

Australian Dollar

There will be some important data released this week for the Aussie, all happening on Tuesday with releases of the Annual Budget and Retail Sales data.

 

Canadian Dollar

It will be a relatively quiet week for the Loonie, with nothing due this week except Employment Change and Unemployment Rate data on Friday.

 

Euro

It will be a very quiet week for the Euro, with nothing due except a minor speech from the Chair of the ECB on Friday.

Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.