Trading Week Ahead: Markets Rally on US-Iran Deal Hopes
US indices are surging, fuelled by renewed hopes of a breakthrough in the US-Iran conflict. Reports of a potential agreement in principle have sent oil prices sinking below $100, providing much-needed relief to inflation-weary markets.
However, with liquidity expected to be thin due to the US Memorial Day holiday, analysts remain cautious about the deal’s final details. Meanwhile, the US dollar is softening, gold is catching a bid, and on the corporate front, Delivery Hero shares have spiked to an 18-month high following reports of a potential takeover bid from Uber.
👉 US Core PCE Price Index – 14:30, Thursday (CEST)
The Federal Reserve’s preferred inflation metric. With the previous reading at 0.3%, markets will intensely parse this data for signs that underlying price pressures are easing, which could shape the Fed’s future rate path.
👉 US GDP – 14:30, Thursday (CEST)
The broadest measure of US economic growth. Quarter-over-quarter growth is expected to remain unchanged. A surprise in either direction will offer a critical read on whether the US economy can withstand the recent energy shock.
👉 German CPI – 14:00, Friday (CEST)
Germany’s flash inflation data serves as a key leading indicator for broader Eurozone inflation. This print will set expectations for the European Central Bank’s next moves.
4:00 PM
USD
CB Consumer Confidence
3:30 AM
AUD
CPI
4:00 AM
NZD
RBNZ Interest Rate Decision
7:00 PM
EUR
ECB Press Conference
2:30 PM
USD
Core PCE Price Index
2:30 PM
USD
GDP
2:30 PM
USD
Durable Goods Orders
2:00 PM
EUR
German CPI
2:30 PM
CAD
GDP
| Date | Time | Instrument | Event |
|---|---|---|---|
| Tuesday, May. 26 |
4:00 PM |
USD
|
CB Consumer Confidence |
| Wednesday, May. 27 |
3:30 AM |
AUD
|
CPI |
|
4:00 AM |
NZD
|
RBNZ Interest Rate Decision | |
|
7:00 PM |
EUR
|
ECB Press Conference | |
| Thursday, May. 28 |
2:30 PM |
USD
|
Core PCE Price Index |
|
USD
|
GDP | ||
|
USD
|
Durable Goods Orders | ||
| Friday, May. 29 |
2:00 PM |
EUR
|
German CPI |
|
2:30 PM |
CAD
|
GDP |
*All times in the table are in GMT+2
Related
Popular On FTMO
- As many Free Trials as you need
- Up to a simulated $200,000 FTMO Rewards Account
- Performance-based rewards
Worldwide Reviews