Important upcoming events and publications

Important upcoming events and publications for May 9 (GMT):

15:30 The Fed Chairman Jerome Powell speech. Risks for USD: High. Market attention is to possible comments on monetary policy. Recently, the Fed hints that do not intend to cut rate in the near future, despite market expectations of this move.

15:30 U.S. Producer Price Index. Risks for USD: Moderate. The annual growth rate of PPI had declined from July 2018 to February 2019. In March, the indicator increased from 1.9% to 2.2% y/y, and it is expected further acceleration in April to 2.3%. Data higher than expected may strengthen the dollar.

Detailed economic calendar