Economic calendar

Economic calendar

Unemployment figures, company earnings reports and elections – keep track of key announcements and other events that could affect the markets. 

Monday 6 May to Sunday 12 May

RBA policy decision

Tuesday, May 7

05:30 BST

The Reserve Bank of Australia has kept its policy unchanged in the last three meetings following a rise in November to 4.35% from 4.10% previously. The most recent CPI data from Australia surprised to the upside, with a headline print of 3.6% y/y, albeit this was still down from 4.1% previously. The hotter-than-expected CPI data has pushed back on hopes of any cuts this year. Thus, rates at 4.35% may be with us for longer than expected, potentially keeping the AUD supported on the dips. However, we don’t expect to see another hike this year, but can’t rule it out completely as inflation could accelerate again.

What to watch: AUD, Australia 200

BoE policy decision

Thursday, May 9

12:00 BST

The Bank of England has kept its policy rate unchanged for the last five meetings. The last change was a 25-basis point hike to the current 5.25% in August. Since then, there has been a lot of uncertainty about the direction of policy, which has been underscored by a rather split MPC. Repeated calls for further hikes by the hawks for the remainder of 2023 were voted down by a small majority. In more recent meetings this year, the split has narrowed. In the last meeting on March 21, the hawks finally threw in the towel – there was zero votes for an increase compared 2 in the Feb meeting, plus one vote for a cut. This was a dovish move and points to a potential cut in the summer. Will get any hints about the possible time of that at this meeting? We also have a UK data dump on Friday including monthly and quarterly GDP estimates, industrial production, and a few other data releases to keep an eye on.

What to watch: UK 100, GBP

UoM Inflation Expectations

Friday, May 10

15:00 BST

It is not a massive week for US data, not after we have just had the Fed’s policy decision, NFP and various other economic indicators. Following the Fed’s meeting, investors were left scratching their heads. Powell quashed expectations of a rate hike this year, but the Fed Chair also indicated that the central bank was in no rush to start cutting interest rates – something that was widely expected anyway. However, ongoing concerns about persistent inflationary pressures that have been reflected in various economic indicators remain. Those concerns could intensify if the University of Michigan’s Inflation Expectations survey shows a further increase. It has been climbing steadily in recent months from 2.9% in January to 3.2% in April. This is the percentage that surveyed consumers (about 500) expect the price of goods and services to change during the next 12 months, which is a leading indictor of inflation.

What to watch: USD, US tech 100

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      Economic calendar FAQ

      Why should I use an economic calendar?

      An economic calendar enables you to plan your trading around key market-moving events. This is important for any trader, as economic releases can quickly change market conditions and may throw your existing strategy off course.

      Some traders steer of the markets entirely when economic data is due to be released; others see the heightened volatility as the best time to trade. Either way, knowing precisely when events are set to land is key to trading successfully.

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      What is an economic calendar?

      An economic calendar is a diary that lists the upcoming economic releases and events that are likely to move markets in the coming weeks and months. It’s an essential tool for traders, helping you plan your strategy around when your chosen markets might be highly volatile.

      Learn more about fundamental analysis in the City Index Academy.

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      How do I use an economic calendar?

      By default, the City Index calendar will show you all the potential market-moving events in the coming days – including how important each event is, plus its previous and consensus figure.

      By tapping ‘SHOW FILTERS’, you can tailor the calendar to your specific strategy. For example, you can choose to only see events from certain countries or categories. You can even choose to only see events that are expected to deliver high volatility.

      Tap on any event for more information.

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