Market Focus - Ester Holdings

Market Focus

On Wednesday, May 23, 2018, the day promises to be full with data on business activity, thanks to which the calendar is full of news. Given this variety of statistics, special attention should be paid to the inflation report in the UK, the sale of new housing in the US, the EIA report on oil reserves and the publication of the US Federal Reserve Protocol.

In the middle of the day, the market will be focused on data on the consumer price index in the UK for April. Judging by the forecasts, the report will be restrainedly positive, but the overall dynamics of this indicator remains ambiguous, if we take into account the last two months. Therefore, even a small decline in the forecast will be regarded by the market as a negative factor for the pound.

The second half of the day is full with data on the United States. First, the sales of new housing in the US will be published, the expectations for which are not worrisome, even despite weak forecasts. After – the data on oil reserves in the United States for the week from the EIA. And, after a two-week reduction in stocks, any negative values ​​will be perceived by the oil market as very positive.

At the end of the day the US Federal Reserve Protocol will be published, from which one should not expect significant changes in US monetary policy, but the growth of volatility is possible.

Hanzenko Anton

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