Market Focus

On Wednesday, May 16, 2018, the market expects a significant amount of statistics, among which preliminary data on Japan’s GDP, Australia’s consumer sentiment and oil reserves in the US with the publication of the monthly IEA report.

At the same time, one of the main events of the day will be the publication of data on the consumer price index in the eurozone and Germany. Despite very conservative forecasts, this statistics can significantly affect the dynamics of the euro and the general sentiments.

After the speech of the head of the ECB Draghi is expected, which can polarly change the sentiments in the market. Therefore, on this day is expected very high volatility in pairs with the euro.

Of particular importance is also worth mentioning the data on construction in the United States. The real estate market in the US in the aftermath of the time does not raise questions, but, in the context of the statistics published earlier, will have an impact on the American.

Hanzenko Anton