Major economic events which have a significant affect on the trading of the pair EUR/USD for the week ending May, 18th, 2012 are as under:

On Monday, May 14^th, 2012, Germany released its report on wholesale price index while France came up with data on its current account. Italy published its consumer price index along with official figure on general government debt. Italy also sold its 10-year bonds on Monday. Spanish Treasury department auctioned its treasury bills while the single currency region reported its separate data on industrial production.

Today, Greece, France and Germany released their official data reports on gross domestic product. Greece also auctioned its 91-day treasury bills while Germany came up with data on ZEW economic survey. Portugal reported its data on GDP while euro zone released its separate figure on gross domestic product. EFSF auctioned treasury notes today whereas, in United States, data on retail sales, consumer price index, business inventories, NAHB housing market index and net long term TIC flows was reported.

On Wednesday, May 16^th, Italy will publish its data on country’s gross domestic product and euro zone is expected to publish its figures on consumer price index and trade balance. United States will report data on housing starts, building permits, manufacturing production, capacity utilization, industrial production, MBA mortgage foreclosures and mortgage delinquencies along with report on inventories data for crude oil, gasoline and distillates by the US Energy Department. The US Federal Reserve will release minutes of its latest monetary policy meeting.

On Thursday, May 17th, Spain will report its gross domestic product growth rate while 10-year Spanish bonds will be auctioned. In United States, several reports will be published which include weekly data on initial jobless claims, continuing claims, index of leading indicators and natural gas inventories data by EIA.

On Friday, May 18^th, Germany will report its data on producer prices in the single currency region while in the United States, data on durable goods and factory orders will be reported. American Petroleum Institute will also publish its monthly report on Friday.