Market Review 13 May 2020

by Constantinos Loizou

  • In today’s Economic Calendar we can expect to see some volatility in the GBP, EUR, USD and Crude Oil.
  • At 06:00 (GMT), the Office for National Statistics in the United Kingdom announced their Gross Domestic Product (GDP).
  • That number symbolizes the monetary measure of the market value of all the final goods and services produced in a specific time period in the UK, and it is considered as a broad measure of the UK economic activity.
  • The result has decreased to -2%, considering that last month was at 0%.
  • At 09:00(GMT), the Eurostat, which is the Statistics Office of the Eurozone will announce their Industrial Production figure.
  • That figure illustrates the output of industrial establishments and covers sectors such as mining, manufacturing, electricity, gas and steam and air-conditioning.
  • The result is forecasted to a decrease of -12.1%, considering that last month was at -0.1%.
  • At 13:00 (GMT), Jerome H. Powell, the Chairman of the Federal Reserve of USA, will make a speech.
  • The Federal Reserve System is the central banking system of the United States of America.
  • At 14:00 (GMT), the U.S Energy Information Administration will release their Crude Oil stocks change.
  • Previous month result was at 4.59M.