EURUSD has recorded its highest level in six months during Friday trading, while the optimism about the expected data results in the France president selection shows a refreshing in American jobs growth last month.
EURUSD has increased to 1.0998 and that’s the highest level since the beginning of November in the last trading.
And the opinion questionnaire on Friday shows that Emmanuel Macron got 23% against 26% for the extremist candidate the Unti-EUmarine le pen before the second round of the selection.
The expected victory from Macron in the markets is evident about the backing down of the political dangers in Europe.
The USD index who measured the USD strength has back down against six main currencies by 0.19% to record 98.53 after it records at the beginning it’s lowest level in six months at 98.41 after the jobs data issued.
The investors are waiting too for the United States data which will issued on Friday about the inflation and retail sales to measure if the economic is on a strength floor enough to increase the interest rate again as soon as the next month.
The following expectation events this week:
Monday May 8
Australia will publish data on building approvals and business confidence.
China will publish trade data.
The UK will also publish data on house prices.
Tuesday May 9
Australia will publish data on retail sales.
Canada will publish a report on building permits.
Dallas Federal Reserve Chairman Robert Kaplan is due to speak on an occasion in Dallas.
Wednesday May 10
China will release data on consumer and producer inflation.
European Central Bank President Mario Draghi is due to speak on the impact of monetary policy in the Dutch parliament
The United States will also publish data on import prices.
Thursday May 11
The Reserve Bank of New Zealand will announce its benchmark interest rate and publish the interest rate statement that determines the economic conditions and factors influencing the monetary policy decision.The conference will be followed by a press conference.
Switzerland will also release data on inflation.
The Bank of England will also announce the latest monetary policy decision and publish the minutes of the meeting.
Canada will report on the new inflation in house prices.
The United States will also publish reports on initial jobless claims and producer prices.
Friday May 12
Finance ministers and central bankers from the Group of Seven (G7) countries are due to meet in Italy.
The US is also expected to close the week by publishing a series of reports including consumer price, retail sales, and consumer sentiment.