The Week Ahead: 23rd – 27th May 2022

Overview for the Week Ahead

For the first time in over two years, CEOs, politicians, and billionaires are set to congregate at the World Economic Forum following a pandemic-induced hiatus. Russia’s war in Ukraine, the COVID-19 pandemic, and worries of economic gloom will be among the key topics discussed, as the world’s top leaders face the most uncertain outlook for global cooperation in years.

For more details on the 2022 Davos World Economic Forum click here: https://www.weforum.org/agenda/2022/05/davos-2022-preview/

On the economic front, minutes from the Federal Reserve’s May 4 meeting are set for release on Wednesday and are expected to give investors a better picture of where policymakers see interest rates headed in 2022. Uncertainty around the pace and magnitude of the Federal Reserve’s rate hiking cycle has pressured equity markets, with investors bracing for an economic slowdown as signs emerge that inflation is becoming entrenched in pockets of the economy.

The picture across China remains mixed. In Shanghai, officials have laid out the criteria to categorize parts of the commercial hub as low-risk for Covid-19 as they look to end a two-month lockdown, with no new cases outside quarantine being reported. Beijing, however, reported a record number of cases, reviving concern that the capital may face a lockdown.

It will be useful to pay attention to the publication of data on business activity (Markit) in Germany and the Eurozone as a whole onwww.er Tuesday, 24^th May. US orders for capital and durable goods will be released on Wednesday. The minutes of the last FOMC meeting of the Fed will be published on the same day, and preliminary US GDP indicators for the Q1 2022 will be known on Thursday, 26^th May.

UK economic developments in the coming week include a speech by Bank of England Governor Andrew Bailey on Monday 23^rd May, and the release of the PMI Composite and Markit Manufacturing and Services PMIs on Tuesday 24^th May.

Plan your trades carefully and have a great trading week!

This Week’s High Impact Events

The times below are GMT +3.

Monday 23^rd May

17.15 – UK – BOE Gov. Bailey Speaks

Potential instruments to Trade: GBP Crosses.

Tuesday 24^th May

10.15 – Europe – French Flash Manufacturing & Services PMI

Potential instruments to Trade: EUR Crosses.

10.30 – Europe – German Flash Manufacturing & Services PMI

Potential instruments to Trade: EUR Crosses.

11.30 – UK – Flash Manufacturing & Services PMI

Potential instruments to Trade: GBP Crosses.

16.45 – US – Flash Manufacturing & Services PMI

Potential instruments to Trade: USD Crosses.

19.20 – US – Fed Chair Powell Speaks

Potential instruments to Trade: USD Crosses.

21.00 – Europe – ECB President Lagarde Speaks

Potential instruments to Trade: EUR Crosses.

Wednesday 25^th May

05.00 – New Zealand – Official Cash Rate, RBNZ Monetary Policy Statement, & RBNZ Rate Statement

Potential instruments to Trade: NZD Crosses.

06.00 – New Zealand – RBNZ Press Conference

Potential instruments to Trade: NZD Crosses.

11.00 – Europe – ECB President Lagarde Speaks

Potential instruments to Trade: EUR Crosses.

Tentative – Europe – ECB Financial Stability Review

Potential instruments to Trade: EUR Crosses.

14.05 – Japan – BOJ Gov. Kuroda Speaks

Potential instruments to Trade: BOJ Crosses.

15.30 – US – Core Durable & Durable Goods Orders m/m

Potential instruments to Trade: US Crosses.

21.00 – US – FOMC Meeting Minutes

Potential instruments to Trade: USD Crosses.

Thursday 26^th May

15.30 – Canada – Core Retail Sales & Retail Sales m/m

Potential instruments to Trade: CAD Crosses.

15.30 – US – Prelim GDP q/q, & Unemployment Claims

Potential instruments to Trade: USD Crosses.

17.00 – US – Pending Home Sales m/m

Potential instruments to Trade: USD Crosses.

Friday 27^th May

14.35 – US – FOMC Member Bullard Speaks

Potential instruments to Trade: USD Crosses.

17.00 – US – Revised UOM Consumer Sentiment

Potential instruments to Trade: USD Crosses.

For more information – https://errante.eu/economic-calendar/

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

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