Headlines the Economic Calendar on Thursday
1.Manufacturing PMI Numbers
We will focus on a report on activity in the manufacturing sector today.
German Manufacturing PMI will be announced and it is expected to rise to 44.8 compared to the previous number of 44.4 while Eurozone Manufacturing PMI is expected to rise to 48.1 from 47.9. A better than expectations will point to a recovery in the European economy and support EURUSD pair.
2. ECB Publishes Account of Monetary Policy Meeting
In the Eurozone, the minutes of the European Central Bank (ECB) meeting is expected to provide investors with an insight into the European central bank’s thinking on monetary policy.
The European Central Bank left interest rates on hold in their last meeting as policymakers continue to evaluate whether its most recent stimulus is enough to offset downward pressure on growth.
3. US New Home Sales
US New home sales will be announced and it is expected to ease to -2.8% in April from 4.5% in the previous month. A higher than expected reading should be taken as positive for the US Dollar.
4. European Union Elections
European Union citizens go to the polls starting today to elect lawmakers to the EU parliament, in what could turn out to be a defining moment for the “Europe project”.
Eurosceptic parties are widely expected to make a strong showing, which could hamper approval of the next European Commission president and budget.
23 May 19 (Thu)
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