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Current week overview 22.05 – 26.05

 
     On this trading week will be out enough important news, which will contribute for the active movement of currencies. But, perhaps most importantly, that at last, will be published news which can support the US currency, which recently shows the worst results among other currencies.
 
Indices of business activity in the euro area
     On Tuesday, in the Eurozone will be published Flash Manufacturing PMI and Flash Services PMI from Markit. Even the ECB begins to recognize the positive changes in the economy, and another confirmation of this in the form like growth of indicators will lead to an even more strengthening of union currency.

US Purchasing Managers’ Index
     Later will come data from Markit in the States. Improvements in the manufacturing  and service sectors may return a share of optimism to the US dollar, but influence from these indicators will be restrained, because the US dollar will be wait for the publication the minutes of the last Federal Open Market Committee.
 
BOC Rate Statement
     On Wednesday, will take place the meeting of the Canadian regulator, on which it will be announced the decision on further monetary policy. Changes in interest rates are not expected, because economic indicators in Canada show mixed dynamics. Wherein, the Bank of Canada can keep the optimistic rhetoric, which will allow strengthen the Canadian dollar.
 
GDP of Great Britain
     The pound sterling recently feels pretty confident, due to incoming positive statistics. In connection with this, on Thursday confirmation of the previous GDP estimate will push the British currency to new growth.
 
Core Durable Goods Orders in the US
     Will finished the news flow in this week release of data on GDP and Core Durable Goods Orders from the United States. If GDP is more likely will coincide with the previous estimate, then improvement of orders can help the US dollar finished the week on a positive note.