WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between May 16th 2022 and May 20th 2022, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key correlated assets.
Investors’ attention is mostly on Central Banks, for indications on new Rates increases, to fight inflation as it seems it’s the only way that can help to stop the inflation.
U.S. dollar index
Also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The indicator extended Fridays pullback moves around 104.50. Over the next few weeks, eyes are on the FED regarding remarks on new rates increase.
Gold
Gold prices dropped last week, as investors are focused on the hawkish Federal Reserve behavior, with the main focus to be for new Rates increase and indications on when is expected to happen.
Oil
Oil traded in range during past week, on the 100 level, with now the expectations to end China Lockdown to have an end by the end of the month, oil seems to be gaining some ground again.
Us Stocks
Shares dropped last week, after Fed president Jerome Powell stated that larger rate hikes are off the table for the time being, however, FED couldn’t guarantee a soft landing on the economy.
Central Bank
International central banks were quite active this week.
US Federal Reserve (FED)
FED officials stated that there is no reason to alter the course for 50 basis points at the next two meetings, while also mentioning that the aim is for 2.5% rates by the end of the year
European Central Bank (ECB)
ECB Governing council member Gabriel Makhlouf said that it was expected that the ECB rates are likely to be in a positive territory by early next year, as reported by Reuters
Bank of England (BOE)
The national institute of Economic and Social Research (NIESR) crossed wires via Financial Times by saying that the BOE will need to raise interest rates to 2.5% and keep them there until the middle of the decade, in order to fight inflation.
Other important economic data is as follows: (All times listed are GMT+3)
Monday, May 16, 2022
14:15: GBP –Monetary Policy Report Hearings
Tuesday, May 17, 2022
01:30: AUD – Monetary Policy Meeting Minutes
12:30: USD – Core Retail Sales m/m
12:30: USD – Retail Sales m/m
18:00: USD – FED Chair Powell Speaks
Wednesday, May 18, 2022
06:00: GBP – CPI m/m
Thursday, May 18, 2022
12:30: USD – Unemployment Claims
Friday, May 13, 2022
06:00: GBP – Retail Sales m/m
Thanks for reading! Have a great week! 
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