{"id":72252,"date":"2015-05-10T09:45:17","date_gmt":"2015-05-10T13:45:17","guid":{"rendered":"http:\/\/countingpips.com\/?p=72252"},"modified":"2015-05-10T09:04:03","modified_gmt":"2015-05-10T13:04:03","slug":"the-week-ahead-10-05-2015-eurozone-gdp-us-retail-sales-uk-jobs-report","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/05\/the-week-ahead-10-05-2015-eurozone-gdp-us-retail-sales-uk-jobs-report\/","title":{"rendered":"The Week Ahead 10.05.2015: Eurozone GDP, US Retail Sales, UK Jobs Report"},"content":{"rendered":"<div id=\"inves-3791169349\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 10, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/GrowthAces.com\" target=\"_blank\">GrowthAces.com<\/a><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"\" src=\"https:\/\/growthaces.com\/sites\/default\/files\/twa_10052015.png\" alt=\"Economic Calendar And Forecasts For Forex Traders\" width=\"676\" height=\"607\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>EUR\/USD<\/strong><\/p>\n<ul type=\"disc\">\n<li>Breaking above the level of 1.1050 (which is a very strong supportive level now) has triggered a number of stop-loss orders which have accelerated the EUR\/USD rise. <strong>In our opinion there is a scope for further gains to the 1.1534, high on February 3 in the medium term.<\/strong> We expect the EUR\/USD to rise this week, but at a slower pace than it has been observed recently. We keep our long EUR\/USD position taken at 1.1235 with the target at 1.1450.<\/li>\n<li>Looking at the macroeconomic calendar for this week we think that the <strong>release of first-quarter GDP growth for the Eurozone (Wednesday)<\/strong> could be important. Our forecast is 0.4% qoq. This is an improvement from the previous quarter, but probably not enough to push the EUR much higher.<\/li>\n<li>Investors will be focused also on <strong>U.S. retail sales reading (Wednesday, 12:30 GMT)<\/strong>. Our forecast is slightly below the market consensus.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>GBP<\/strong><\/p>\n<ul type=\"disc\">\n<li><strong>The Bank of England meeting is scheduled for Monday, but it is likely to be a non-event<\/strong> for investors. GBP traders will be focused on the release of i<strong>ndustrial production for March (on Tuesday), the employment report (on Wednesday) and the inflation report (on Wednesday).<\/strong><\/li>\n<li>BoE inflation report may point to higher CPI path. After all, oil price is now more than 15% higher since the previous inflation report was published. More \u201chawkish\u201d inflation report may shift expectations for the first rate hike, now seen for June 2016, to an earlier date and this would give the GBP\/USD a boost.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By GrowthAces.com &nbsp; EUR\/USD Breaking above the level of 1.1050 (which is a very strong supportive level now) has triggered a number of stop-loss orders which have accelerated the EUR\/USD rise. In our opinion there is a scope for further gains to the 1.1534, high on February 3 in the medium term. We expect the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-72252","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/72252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=72252"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/72252\/revisions"}],"predecessor-version":[{"id":72253,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/72252\/revisions\/72253"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=72252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=72252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=72252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}