Weekly Analysis (06 - 10 May)
| Time | Currency | Event | Actual Forecast | Previous |
Monday |
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| All Day - Holiday | Japan - Children's Day | |||
| All Day - Holiday | United Kingdom - Bank Holiday | |||
| All Day - Holiday | United Kingdom - Bank Holiday | |||
| Wednesday | ||||
| 14:30 | USD | Crude Oil Inventories | 7.265M | |
| 17:00 | USD | 10-Year Note Auction | 4.56% | |
| Thursday | ||||
| 11:00 | GBP | BoE Interest Rate Decision (Apr) | 5.25% | 5.25% |
| 12:30 | USD | Initial Jobless Claims | 211K | 208K |
| 17:00 | USD | 30-Year Bond Auction | 4.67% | |
| 20:30 | USD | FED's Balance Sheet | 7.362B | |
| Friday | ||||
| 6:00 | GBP | GDP (MoM) (Mar) | 0.10% | 0.10% |
| 6:00 | GBP | GDP (QoQ) (Q1) | 0.40% | -0.30% |
| 6:00 | GBP | GDP (YoY) (Q1) | -0.20% | |
| 14:00 | USD | Michigan 1-Year Inflation Expectations (May) | 3.20% | |
| 14:00 | USD | Michigan 5-Year Inflation Expectations (May) | 3.00% | |
| 14:00 | USD | Michigan Consumer Expectations (May) | 76.00 | |
| 14:00 | USD | Michigan Consumer Sentiment (May) | 76.3 | 77.2 |
This coming week promises to be quite interesting as we get to see how various central banks around the world, excluding the Fed, ECB, or BoJ, decide to handle their policies. Some may decide to cut rates, some may decide to hold rates while sounding patient, some may decide to hold steady and hint at possible future cuts, and there's even one facing expectations to start hiking again! While a lot of attention has been focused on the Federal Reserve lately, there's a chance that we'll see even greater differences in approach between central banks around the world. It's a bit like gambling for these banks as they navigate uncertain times, trying to decide whether to hold steady, change, or take extreme measures. The ones that make the wise choices will stand out from the ones that make the mistakes.
The global economic calendar for the week ahead isn't as busy as usual. However, there are still some important events to watch out for. In the US, crude oil inventories and the 10-Year Note auction will be closely monitored. On Thursday, weekly jobless claims data will be monitored in the US. On Friday, in the US, the preliminary May data for the Michigan Consumer Sentiment Index is expected to show a monthly decrease of 1 point, settling at 76.2.
Attention will turn to the health of the UK economy following the Bank of England's decision at the end of the week. In addition, inflation reports will be out from various countries, which could have an impact on regional markets.