Forex news and the most important events on the economic calendar this week 7-11 May

This week, investors are waiting for many important forex news, represented by the US producer price index reading, along with other data on consumer price inflation and initial jobless claims, which are scheduled for next Wednesday and Thursday, in order to obtain any new indications about the possibility of increasing US interest rates three times. additional during this year.

Global markets will also focus on trade talks between officials from the United States, Canada and Mexico on the North American Free Trade Agreement scheduled for Monday in Washington.

Here are the most important forex news on the economic calendar this week:

Monday 7 May

Britain's financial markets are set to remain closed for public holidays in the country, while Australia will release its data on business confidence.

Tuesday May 8

Later today, China is scheduled to publish its trade figures, Australia will release its data on retail sales, and Federal Reserve Chairman Jerome Powell will speak at an event in the Swiss capital, Zurich. On the other hand, Britain will To publish industry data and house price inflation.

Wednesday May 9

Canada is to publish a report on building permits, and in the United States several important data on producer price inflation are due to be released.

Thursday May 10

The Reserve Bank of New Zealand will announce the benchmark interest rate, in addition to publishing a statement on policies that determine economic conditions and the factors that will affect the monetary policy decision. Industrial production and trade data, the Bank of England will also announce its latest monetary policy decision, and the US economy will release data on consumer price inflation along with other data on initial jobless claims.

Friday May 11

Canada will publish its monthly employment report, on the other hand, European Central Bank President Mario Draghi will speak at an event in Florence, and the United States is scheduled to conclude this week's trading by releasing its preliminary data on consumer confidence in the world's largest economy .

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Mohamed Abdel Khaleq

A professional technical and economic analyst in global financial markets since 2004. He holds a Master’s in Business Administration from the American University in Cairo. He works as an economic writer and technical analyst for many international financial companies. He writes daily economic and technical analyzes for many Arabic and English websites specialized in the field of stock exchanges and financial markets.

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