{"id":20369,"date":"2022-05-16T07:59:20","date_gmt":"2022-05-16T07:59:20","guid":{"rendered":"https:\/\/errante.net\/?p=20369"},"modified":"2022-05-16T07:59:22","modified_gmt":"2022-05-16T07:59:22","slug":"the-week-ahead-16th-20th-may-2022","status":"publish","type":"post","link":"https:\/\/errante.net\/the-week-ahead-16th-20th-may-2022\/","title":{"rendered":"The Week Ahead: 16th – 20th May 2022"},"content":{"rendered":"\n
This week, we recommend paying attention to the publication of data on prices and volumes of retail sales in the US on Tuesday, May 17. The speeches of the heads of the ECB Christine Lagarde and of the Fed Jerome Powell are expected on the same day. The Eurozone Consumer Price Index will be known on Wednesday, May 18, and data on manufacturing activity and the state of the labour market in the United States will be received on Thursday, May 19.<\/p>\n\n\n\n
We expect this week that:<\/p>\n\n\n\n
The retail sector will be in focus this week after a string of wild trading sessions on Wall Street. Quarterly financials from megastore Walmart (WMT) and other consumer giants are in the queue, in addition to April\u2019s retail sales report scheduled for release Tuesday.<\/p>\n\n\n\n
Investors will tune in for additional remarks from Federal Reserve officials, including Chair Jerome Powell in the week ahead, as inflation continues to run hot across the U.S. economy.<\/p>\n\n\n\n
In other news, Germany plans to stop importing Russian oil by the end of the year even if the European Union fails to agree on an EU-wide ban in its next set of sanctions, government officials.\u00a0 With the European Union foreign ministers meeting in Brussels on Monday to discuss the next round of sanctions, EU diplomats have floated a delay in the phased-in oil ban after Hungary objected, saying the step would be too damaging to its economy.<\/p>\n\n\n\n
In Crypto news, the market suffers very serious losses. Bitcoin has lost about 45% of its value since the end of March, hitting $26,580 on May 12. Most other coins feel even worse. As has been said many times, the cause of panic is the global drop in investor risk appetite. The crypto market only follows in the wake of the stock market: the correlation between digital asset quotes and stock indices S&P500, Dow Jones and Nasdaq is at its maximum.<\/p>\n\n\n\n
The tightening of the monetary policy of the US Federal Reserve, new outbreaks of coronavirus in China, fears about the future of the EU economy: all this has led investors to prefer the dollar over risky assets. An additional driver is rising yields on 10-year US Treasury bonds. This figure has almost doubled since March and rose over 3%: to the highest level since 2018, exceeding the returns of most sectors of the US stock market.<\/p>\n\n\n\n
Plan your trades carefully and have a great trading week!<\/strong><\/strong><\/p>\n\n\n\n The times below are GMT +3.<\/strong><\/p>\n\n\n\n Monday 16th<\/sup> May<\/strong><\/p>\n\n\n\n Potential instruments to Trade: EUR Crosses. <\/p>\n\n\n\n Potential instruments to Trade: GBP Crosses. <\/p>\n\n\n\n Tuesday 17th<\/sup> May<\/strong><\/p>\n\n\n\n Potential instruments to Trade: AUD Crosses. <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses. <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses. <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses. <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses. <\/p>\n\n\n\n Wednesday 18th<\/sup> May<\/strong><\/p>\n\n\n\n Potential instruments to Trade: AUD Crosses. <\/p>\n\n\n\n Potential instruments to Trade: GBP Crosses. <\/p>\n\n\n\n Potential instruments to Trade: CAD Crosses. <\/p>\n\n\n\n Thursday 19th<\/sup> May<\/strong><\/p>\n\n\n\n Potential instruments to Trade: AUD Crosses. <\/p>\n\n\n\n Potential instruments to Trade: NZD Crosses. <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses. <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses. <\/p>\n\n\n\n Friday 20th<\/sup> May<\/strong><\/p>\n\n\n\n Potential instruments to Trade: GBP Crosses. <\/p>\n\n\n\n Potential instruments to Trade: GBP Crosses. <\/p>\n\n\n\n Saturday 21st<\/sup> May \u2013 Australia \u2013 Parliamentary Elections<\/strong><\/p>\n\n\n\n For more information – https:\/\/errante.net\/economic-calendar\/<\/a><\/p>\n\n\n\n If you have any questions, please email our Education Centre<\/a>.<\/p>\n\n\n\n If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email support@errante.net<\/a>.<\/p>\n\n\n\n We are Errante. Trading made personal<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Overview for the Week Ahead This week, we recommend paying attention to the publication of data on prices and volumes of retail sales in the US on Tuesday, May 17. The speeches of the heads of the ECB Christine Lagarde and of the Fed Jerome Powell are expected on the same day. The Eurozone Consumer […]<\/p>\n","protected":false},"author":6,"featured_media":20402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[437,9],"tags":[],"yoast_head":"\nThis Week\u2019s High Impact Events<\/strong><\/h2>\n\n\n\n