Plan your strategies for the trading week ahead with key insights from our team.
We have a heavy macro week ahead with plenty of data releases from China. This includes CPI and PPI on Monday. Head Analyst Brenda Kelly says Friday is the big day for Asia with the release of Q1 GDP data. It’s expected to remain below the 7% marker. Brenda says this could put some pressure on the stock market again, if it fails to meet expectations.
There will also be data out of Japan next week, and Bank of Japan Governor Haruhiko Kuroda will be speaking on Monday. This was an interesting week for the USDJPY and GBPJPY. Brenda will be watching these pairs next week. She says any weaker US macro data could damage the performance of the USDJPY.
UK CPI data and Eurozone CPI will also be out next week. The Bank of England rate decision is on Thursday. Ahead of the UK EU referendum in June, Brenda is not expecting to see anything interesting from the BOE. On the back of these macro events, Brenda will also be following the EURGBP.