Market focus

On Friday, 10.05.2019, the economic calendar will be saturated with meaningful data. The peak of the published data is expected in European and American trading sessions.

At the start of the day, very moderate data will be released, among which it is worth highlighting expenditure data in Japan, the report on the monetary policy of the RBA and the German trade balance.

At the European trading session, the main event will be preliminary data on the UK GDP. According to forecasts, the UK GDP expects moderate growth in the first quarter. Expectations for production in the UK remain very negative.

The US trading session will also be filled with significant news on the US inflation and employment in Canada. Expectations for inflation in the United States remain very optimistic, which may support the American dollar on expectations.

Despite the published statistics, the main influence on trading will continue to expose the risks of aggravated trade relations between the United States and China. Therefore, we should expect the preservation of negative sentiment and the flight of investors from risks.

Hanzenko Anton