Market Focus

On Tuesday, May 15, 2018, the market expects a super Tuesday in terms of news. At the beginning of the day, the report of the Reserve Bank of Australia will be published. Despite the restrained expectations, this report may cause an increase in volatility of the Australian dollar.

Data on employment in the UK are expected to be highly diversified, which will cause the pound to oscillate. The dynamics of the employment market in the UK remains very positive. At the same time, a decrease in the level of wages below 2.7% will be regarded as a negative signal.

Also on this day there will be preliminary data on GDP of Germany and the eurozone. Confirmation of weak data on Germany may put pressure on the euro.

Hanzenko Anton