The Week Ahead - Find economic events that will take place between May 8 - 12 for major economies


George Lam


May 4, 2023



Min Read

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the week of May 8 - 12:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We are focusing on major economies worldwide, e.g. the U.S., Canada, China, Australia, the Eurozone: 

The U.S. Federal Reserve has just raised its key interest rate by 25 basis points, while hinting it could pause further rate-hikes going forward.

Investors are therefore focusing on whether inflation cooling further could help to stop the rate-hike cycle.

According to Trading Central's "Economic Insight", U.S. Inflation Rate, to be reported on Wednesday (May 10), is expected to cool further to 4.9% on year in April.

Trading Central'sEconomic Insight” also shows that, in the past 12 U.S. Inflation Rate reports, EUR/USD rose in 58% of times (7 out of 12 Inflation reports) within one hour from the report’s release, marking a trading range of 98.42 pips on average.

Other key economic data include:

Monday (May 8)

Australia's National Australia Bank (NAB) Business Confidence Index may rise to 1 in April.

Tuesday (May 9)

Australia's Westpac Consumer Confidence Index is expected to drop to 82.1 in May.

China's Exports could increase 11.0% on year in April.

U.S. NFIB Business Optimism Index could be little changed at 90.0 in April.

Wednesday (May 10)

U.S. Inflation Rate is expected to slow further to 4.9% on year in April.

U.S. Core Inflation Rate could be stable at 5.6% on year in April.

Canada’s Building Permits are expected to rise 1.4% on month in March.

Thursday (May 11)

China's Inflation Rate is expected to accelerate to 0.9% on year in April.

China’s Producer Prices may drop 2.1% on year in April.

U.K.’s Bank of England will decide on Interest Rates (Last 4.25%).

U.S. Producer Price growth may cool to 2.4% on year in April.

U.S. Initial Jobless Claims will be reported.

Friday (May 12)

U.K. GDP growth is expected to speed up to 0.1% on month in March. 

U.S. University of Michigan Consumer Sentiment Index is expected to tick down to 63.0 in May.

Happy Trading!

Source: Trading Central Economic Insight

George Lam

Technical Analyst
George Lam is a technical analyst attached to Trading Central's Hong Kong Office. George graduated from the University of Manchester with a bachelor's degree in economics, and has been engaged in the financial analysis field in Hong Kong for about 10 years.
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