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- What to expect next week 15.05 – 19.05
What to expect next week 15.05 - 19.05
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Loading...In the past week, US indices traded positively, but failed to surpass their record levels, with the exception of the Nasdaq index, which reached 6,120 points. These levels were provoked by the lack of surprise from the outcome of the French elections. European indices also raised their levels as geopolitical tension dropped.
The Yen and metals continued to decline this week, but today they made the first correction for the week. If there is no global tension, we would expect the trend to continue and see a further drop in gold prices, with investors preferring risky financial instruments. The President of Russia said he was ready to constructively help solve the nuclear crisis with North Korea.
Oil prices rose this week after reaching a record low of $ 43.70 a barrel. It is currently trading at $ 47.60 near a resistance level. It is likely to see again lower oil prices.
The dollar at the beginning of the week was trading up, but then wiped most of its profits. This is due to parts of the news of President Trump's dismissal of the FBI Director. However, there is no fundamental change that negatively affects the dollar in the long run and we remain positive about the currency.
NZD was worst among currencies this week after the country's central bank left interest rates unchanged, adding that this situation may remain for a longer time.
The important news we will be watching next week:
Monday:
01:45 – New Zealand – Retail Sales
05:00 – China - Industrial Production
Tuesday:
11:30 – UK – Consumer Price Index
12:00 – Europe – Gross Domestic Product
Wednesday:
11:30 – UK – Unemployment Rate
12:00 – Europe- Consumer Price Index
17:30 – USA – Crude Oil Inventories
Thursday:
02:50 – Japan – Gross Domestic Product
04:30 – Australia – Employment Change
11:30 – UK – Retail Sales
Friday:
15:30 – Canada – Consumer Price Index
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