The week ahead: Brexit talks to continue, US and China retail sales eyed – FXStreet

Posted: May 11, 2020 at 11:49 am

Dollar: The US Dollar has been moderating as risk-on sentiment attempts to gather momentum, while investors begin pricing in expectations that US interest rates may turn negative before the year is over. Could the speeches by Federal Reserve officials over the coming days lead to major moves in the Greenback?

Gold: Bullion remains range-bound but has managed to seize on the chance to climb slightly higher, thanks to the softer Dollar. What would negative US interest rates mean for Gold prices?

Pound: The Pound is enjoying a slight lift as the UK is on the path towards reopening its economy. However, with Brexit negotiations set to resume this week, could the Pound see bouts of heightened volatility over the near-term?

Oil: Amid signs of more major economies reopening, Oil traders will be awaiting key monthly reports by OPEC and the IEA this week, while also keeping a watchful eye over US inventories. Can the current equilibrium hold for Oil prices?

Monday, 11 May France set to reopen economy, Shanghai Disneyland to reopen, Brexit talks to continue

Tuesday, 12 May Fed speak, US inflation

Wednesday, 13 May US crude oil inventory, OPEC monthly report, UK GDP, EU industrial production

Thursday, 14 May US initial jobless claims, IEA monthly report

Friday, 15 May Chinas industrial production, US and China retail sales, Brexit update, Euro-area GDP

Major markets: UK, Europe, Japan, US, Hong Kong, China

EMEA: Turkey, South Africa, Kenya, Nigeria, Russia

ME & GCC: Egypt, Lebanon, UAE, Saudi Arabia

Asia: Singapore, Malaysia, Thailand, Philippines, India

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The week ahead: Brexit talks to continue, US and China retail sales eyed - FXStreet

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