Important upcoming events and publications

Important upcoming events and publications for May 15 (GMT):

06:00 German GDP. Risks for EUR: Moderate. It is expected economic growth by 0.4% q/q and 0.7% y/y. Growth rate to the same quarter last year has decelerated 4Q17. Weaker than expected data may increase the pressure on the Euro.

12:30 Canada Consumer Price Index. Risks for CAD: High. It is expected increase by 0.4% m/m and 2.0% y/y. Restoration of inflation to the BoC target reduces the pressure on the Canadian dollar, suggesting a more hawkish tone for monetary policy.

12:30 U.S. Retail Sales. Risks for USD: High. It is expected growth in April by 0.2% after an increase of 1.6%. Lower than expected data as downward revision can cause pressure on the dollar.

Detailed economic calendar