Market focus

On Thursday, 30.05.2019, the economic calendar will be saturated, having a significant impact on the market. At the startg of the day, market attention will be focused on API data on the US oil inventories and construction data in Australia. Statistics for Australia is expected to be very positive, but given the persistence of trading risks, the dynamics of the Australian dollar may be limited. No significant data is expected at the European trading session.

The main event of the day will be the publication of preliminary data on the US GDP, which is expected to moderate growth in the US economy. No less important is the indicator of the US GDP deflator, which will give an idea of ​​the state of the price index in the United States. Towards the end of the day, data on the US oil reserves from the EIA will be publised, which will affect the oil market.

Hanzenko Anton