Weekly outlook for the pair EUR/USD for the period ending May 25th, 2012 is as follows:
On Monday, May 21st, data on construction output was published in the euro zone while United States reported its Chicago Fed’s Nat Activity index. Further, US Federal Reserve’s official Lockhart addressed at event in Tokyo.
On Tuesday, May 22nd, data on consumer confidence was published in the euro zone while European Commission’s OECD will release its report in economic outlook for the region. In United States, data on existing home sales was published while Richmond’s Federal Reserve reported its manufacturing index. The US Federal Reserve’s official Lockhart also spoke at an event in Hong Kong.
On Wednesday, May 23rd, 2012, euro zone will report its official figure on the region’s current account while in United States, data on house price index, retail sales, mortgage applications and new home sales will be published. The US Department of Energy will also release its weekly report on crude oil, gasoline and distillates supplies. US Federal Reserve’s official Kocherlakota will address at an event in South Dakota will be closely monitored by traders to get hints on future direction of the monetary policy.
On Thursday, May 24th, 2012, Germany is expected to publish its data on government spending, construction investment, private consumption, capital investment, domestic demand, gross domestic product and data on imports and exports. Germany will also release its purchasing managers’ index for manufacturing and services sectors while IFO institute will publish its report on Germany’s current assessment, expectations and business climate. France will release its data on purchasing managers’ index for manufacturing and services sectors while a separate PMI for both sectors will be released for the euro zone.
United States is expected to release its data on durables goods orders, weekly data on initial jobless claims, continuing claims and manufacturing activity index by Kansas City’s Federal Reserve. Energy Information Administration is also expected to release data on natural gas supplies.
On Friday, May 25th, Germany is expected to release it import price index and consumer confidence survey in the single currency region. United States will report its University of Michigan’s index.
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