FX.co ★ Week Ahead - May 12th

The financial market's focus will remain on the progress of US trade negotiations, complemented by the release of significant economic indicators such as the inflation rate and retail sales data. Speeches from Federal Reserve officials, particularly Chair Jerome Powell, will also garner attention. Key figures on producer prices, industrial production, Michigan consumer sentiment, as well as export and import prices, building permits, and housing starts will be closely observed. The earnings season continues to draw interest, with substantial reports anticipated from companies like Cisco, Tencent, Alibaba, SoftBank, Walmart, and Target. On a global scale, inflation statistics are expected from India and Russia. In the UK, significant releases include the first-quarter GDP growth, unemployment rate, goods trade balance, and industrial production figures. China is slated to publish data on credit, industrial production, retail sales, and housing prices. Meanwhile, Germany will release the ZEW Economic Sentiment Index, and South Korea and Australia will announce their unemployment statistics. Japan is anticipated to report on its first-quarter GDP growth rate, with foreign trade data becoming a focal point for India, the Euro Area, and Italy.