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Market Opportunities : Week 23-05-2022 - 27-05-2022
EURUSD: German ifo Business Climate report is an important economic event in the May 23-27 week. The report is due on May 23 and will be used to gauge investors’ confidence in the prospects of euro-zone's biggest economy in light of negative impact of Russia’s war on Ukraine on economies of European Union. In case the business sentiment softening is more than expected the EURUSD will get a bearish boost.
USDIDX: United State’s Core Durable Goods Orders report for April is the key event for forex markets due May 25. There is a possibility the durable goods orders report may indicate the growth didn’t stall to the forecast 0.0% which will be bullish for USDIDX.
USDIDX: United State’s Core Durable Goods Orders report for April is the key event for forex markets due May 25. There is a possibility the durable goods orders report may indicate the growth didn’t stall to the forecast 0.0% which will be bullish for USDIDX.
Key Events to Watch
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2022-05-23 | EUR | Ifo Germany Business Climate | 91.2 | 91.8 |
| 2022-05-23 | GBP | Bank of England (BoE) Governor Bailey Speech | ||
| 2022-05-24 | NZD | New Zealand Retail Sales q/q | -9.9% | 8.6% |
| 2022-05-24 | USD | United States New Home Sales | 0.766 M | 0.763 M |
| 2022-05-25 | NZD | Reserve Bank of New Zealand Interest Rate Decision | 1.50% | |
| 2022-05-25 | NZD | Reserve Bank of New Zealand Press Conference | ||
| 2022-05-25 | EUR | Germany Gross Domestic Product (GDP) q/q | 0.2% | 0.2% |
| 2022-05-25 | MXN | Mexico Gross Domestic Product (GDP) q/q | 0.9% | 0.9% |
| 2022-05-25 | JPY | Bank of Japan (BoJ) Governor Kuroda Speech | ||
| 2022-05-25 | USD | United States Core Durable Goods Orders m/m | 0.0% | 1.1% |
| 2022-05-26 | SGD | Singapore Gross Domestic Product (GDP) q/q | 0.4% | 0.4% |
| 2022-05-26 | KRW | Bank of Korea Interest Rate Decision | 1.50% | |
| 2022-05-26 | CAD | Canada Retail Sales m/m | 1.8% | 0.1% |
| 2022-05-26 | CAD | Canada Core Retail Sales m/m | 0.4% | 2.1% |
| 2022-05-26 | USD | United States Gross Domestic Product (GDP) q/q | -1.4% | -1.4% |
| 2022-05-26 | USD | United States Pending Home Sales m/m | -0.6% | -1.2% |
| 2022-05-27 | AUD | Australia Retail Sales m/m | 0.1% | 1.6% |
