The statement of the Central Bank, retail sales, inflation reports and production are the main factors leading Forex market this week. Japan's central bank will be the focus this week on the 6th, and any situation that occurs, also affected market sentiment.
Elsewhere, the UK and US growth is slowing down. US retail sales fell to say that Americans were not spending. UK will release retail sales figures this week with a moderate prediction, but the influence of the pre-election period cannot be foresee.
Inflation has become low in developed markets and with a little expectation that it will change. This makes it more difficult for the central bank in the world. Growth of the economy is the world's No. 2 China becomes slow.
Europe has impressed with domestic product growth that increased for both France and Italy. Manufacturers in Europe to benefit from the weaker EUR currency and this will lead to an increased potential for PMI.
Related events production figures this week:
Day 4 20/05
9:45pm CNY HSBC Flash Manufacturing PMI
Day 5 21/05
3:00am EUR French Flash Manufacturing PMI
3:30am EUR German Flash Manufacturing PMI
10:00am USD Philly Fed Manufacturing Index
Related events retail sales to Watch This Week:
Day 5, 21/05
4:30 a.m. GBP — Retail sales, month-over-month
Day 6, 22/05
8:30 a.m. CAD — Core retail sales, month-over-month
*All times EDT
Related events this week inflation temple:
Day 3, 19/05
4:30 a.m. GBP – consumer-price index, year-over-year
Day 6, 22/05
8:30 a.m. CAD — Core consumer-price index, month-over-month
8:30 a.m. USD — consumer-price index, month-over-month