Market focus

On Wednesday, 22.05.2019, the economic calendar will reach a peak of weekly news saturation.

At the Asia-Pacific trading session data on retail sales in New Zealand and data on the trade balance of Japan will be published. Published data have a significant impact on national currencies. At the same time, data on retail sales in New Zealand are expected to be very weak, which may exacerbate concerns about inflation.

In the European session consumer price index in the UK will be published. Expectations regarding the data remain very positive, but due to political risks, the reaction to this news may be limited, especially amid positive expectations.

The trades in America will provide data on retail sales in Canada, crude oil reserves in the United States and the publication of the FOMC protocol. The main growth of activity in the market can cause any of the published data. Special attention should be focused on data from Canada and the FOMC protocol.

Hanzenko Anton