Market Review 22 May 2020

by Constantinos Loizou

  • In today’s Economic calendar we can expect to see some volatility in the EUR and CAD.
  • At 11:30 (GMT), the European Central Bank (ECB) will have its Monetary Policy Meeting.
  • The ECB Monetary Policy Meeting contain an overview of financial market, economic and monetary developments.
  • The aim of the meeting is to provide the rationale behind monetary policy decisions, and enable members of the public to improve their understanding of the Governing Council’s assessment of the economy and its policy responses in the light of evolving conditions.
  • At 12:30 (GMT), the Statistics office of Canada will announce their Retail Sales.
  • The above shows all goods sold by retailers based on a sampling of retail stores of different types and sizes.
  • The result is forecasted in a decrease to -10%, considering that last month was at 0.3%.