The buildup of the foreign exchange market is scheduled for mid-may
May 14, the organization of countries-exporters of oil, OPEC will publish a new report on the situation in the industry, which will certainly affect the price of black gold. By Friday evening, the 11th, they fell back slightly after a week rise in price on 0,44%, to $77,13 a barrel.
“The predictions of the cartel traditionally affect the oil market. While the prices stay on high levels, and a positive Outlook into the future from OPEC will allow to rise they, in turn, is even higher: $80 per barrel of Brent crude oil is not far off” — predicted Deputy Director of the analytical Department at Alpari Anna Kokoreva.
15 may, commodity market will push statistics from China. To publish a report on industrial production.
“Among the currencies of the focus will be the Euro/dollar and the British pound. The EU will present statistics on GDP growth for the first quarter and industrial production. The indicators are expected to be positive, and so the Euro has a chance of recovery,” — says Kokoreva.
The British pound is not so much falls to the U. S. currency. Although experts admit a new decline after the new unemployment data. Couple pound/dollar forward at the level of 1,331.
16 may new possible price fluctuations on the oil market. It will trigger a new report from the IEA and data on hydrocarbon reserves in the United States.
“The Euro/dollar in this day will give a lot of volatility, as both the EU and the U.S. negative statistics. In Europe predict a decline in inflation, so the ECB is moving away from their goals. In the USA the number of issued construction permits is likely to decrease,” said Kokorev.
On Friday, she was advised to keep an eye on the canadian dollar.
“Most interesting, we think the Euro/canadian dollar, with high probability the pair will reverse up to the mark 1,514. On Friday we will present data on inflation and retail sales forecasts are not yet known, but the situation may not arise in favor of the canadian dollar,” said Kokorev.