CPI data from the United States and the European Union, as well as a number of other economic data from Germany, Australia, Japan, and the United Kingdom will be the main events in this week’s trading. We’ll fill you in with the details below:
Event:CPI/Harmonised CPI (MoM/YoY, Apr) – Germany
Date:May 14, 2014
Time:6:00am (GMT)
What It Is About and Why It’s Important
Germany’s CPI and Harmonised CPI data are expected to be a mixed bag, with positive growths seen in the past 12 months, but with drops seen compared to the previous month. The YoY Harmonised CPI is seen to be up by 1.1%, but would drop by 0.2% over the past month. Meanwhile, the CPI is expected to be up by 1.3% over the past 12 months, but would contract by 0.3% in the previous month.
Event:ILO Unemployment Rate (3 months, Mar) – United Kingdom
Date:May 14, 2014
Time:8:30am (GMT)
What It Is About and Why It’s Important
From the previous unemployment rate of 6.9%, it is expected to have dropped a notch over the past three months to 6.8%.
Event:BoE Quarterly Inflation Report – United Kingdom
Date:May 14, 2014
Time:9:30am (GMT)
What It Is About and Why It’s Important
The report contains an analysis and inflation projections on which the Monetary Policy Committee will base its interest rate decision.
Event:GDP/GDP Annualised (QoQ, Q1) – Japan
Date:May 14, 2014
Time:11:50pm (GMT)
What It Is About and Why It’s Important
Japan’s Gross Domestic Product is expected to be up by 1.0% in Q1 compared to the previous quarter. Meanwhile, its current Annualised GDP is at 0.7%.
Event:BoE Governor Kuroda Speech – Japan
Date:May 15, 2014
Time:3:25am (GMT)
What It Is About and Why It’s Important
Those trading the JPY should not miss this event as the Governor will talk about the BoE’s monetary policies.
Event:CPI/GDP data (QoQ/YoY, Q1) – European Union
Date:May 15, 2014
Time:9:00am (GMT)
What It Is About and Why It’s Important
The EU will release a number of CPI and GDP related data, which will certainly drive the euro’s performance around that time. Its CPI is expected to be at 0.7% over the past 12 months, while its GDP is seen to be up by 0.4% compared to the previous quarter.
Event:CPI data (MoM/YoY, Apr) – United States
Date:May 15, 2014
Time:12:30pm (GMT)
What It Is About and Why It’s Important
The US will also release a number of CPI related data, including its CPI ex Food and Energy, which is expected to be up by 0.2% in April.
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