Market Focus

On Friday, May 11, 2018, the entire economic calendar will not be marked by the publication of a significant amount of strong economic data. Among all publications it is worth highlighting data on the labor market in Canada. The growth of the labor market positively affects the total amount of the population’s expenses, thereby supporting the growth of inflation.

According to the forecast, the change in employment in Canada in April will be 36.1 thousand, which is higher than the previous value of 32.3 thousand. The unemployment rate will remain at the level of 5.8%. In case of data release within the forecast, the Canadian will receive support, against which one should expect its growth within 30-40 points against competitors.

Also, the market will be focused on the speech of the representative of the Bank of Canada Wilkins and the head of the ECB Draghi. One should not expect loud statements from the speech of Draghi, but the fact of the speech can cause the growth of volatility in the market.

Alexander Sivtsov