1- Russia - Ukraine War
Russia is focusing on total control of Mariupol city. On 9th of May Russia will celebrate the victory over Nazis. This time they will probably say they have successfully denazified Azov Battalion of Ukraine in Mariupol. Ukraine has more support from Western Countries each passing day and we will see this war going on for at least a few months more.
2- Germany Balance Trade
We will hear Balance Trade of Germany on Tuesday and we may see the continuation of declining Trade Surplus. Economy is slowing down in Europe and manufacturing is getting damaged from this ongoing war. If we see more declines on trade surplus Europe may get into recession.
3- The Chinese Economy Slows Down
We received Manufacturing and Service Sector PMIs in China last saturday. Both of them were much lower than expected. The Zero covid policy of the Chinese Government will push China to a slowdown most probably. In this fragile global economy this is the last thing the world needs.
4- FED Meeting
On Wednesday we will receive the FED's Interest Rate decision. 0.50% Rate rise is the most commonly expected result. But any surprise can push the markets positive or negative direction. Jerome Powell's statements will be more critical that decision.
5- Non-Farm Payrolls Data
This Friday we will receive unemployment data in the US Labor market. Last 2 Years because of covid restrictions we have seen less immigration into the US and this has led to a tighter labor market. So the declining trend in unemployment rate is the most widely expected result. And this decline can give more room to FED officials in the June Meeting.
As you can see there are a lot of expectations this week in the market. You can make money with BUY and SELL orders. With Gann Markets you can invest in more than 100 Instruments. Start Trading Today!!