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Choppy stock market conditions; a dangerous phase to be in according to analysts


Significant events to watch:

-USA (USD): Retail Sales



USA (USD): RETAIL SALES – Retail Sales measure the change in the total value of sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.  Last month’s retail sales was at -1.0%, lower than the forecast of -0.4%.

The report is due Tuesday, 16 May 12:30 GMT

JAPAN (JPY): GDP (QOQ) – Gross Domestic Product (GDP) measures the change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy’s health. Japan’s quarterly GDP rose by 0%, lower than the forecast of 0.2%.

The report is due Tuesday, 16 May 23:50 GMT

EUROPE (EURO): CPI YOY – The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.  Europe’s year on year CPI increased to 7.0% in the previous month.

The report is due Wednesday, 17 May at 09:00 GMT

Risers and Fallers

-Nasdaq (+0.35%)

-Gold (-0.24%)

-Tesla Inc. (-2.38%)

-USDCHF (+0.4720%)

Nasdaq – The Nasdaq increased 0.35% on Friday, reaching a daily high and low of 12364.65 and 12209.58, respectively.  Nasdaq is trading at 12284.74.

Gold  The gold price was down 0.24% on Friday. Gold is trading at $2015.60.

Tesla Inc. (NASDAQ: TSLA) –  Tesla’s stock price declined 2.38% on Friday.

Tesla is trading at $167.98 per share. News this week revealed that Elon Musk is hiring a new Twitter CEO to replace him. Furthermore, electric vehicle price boosts of US models are an indication that demand is increasing. This is good news for investors and could be bullish for the stock.

USDCHF – USDCHF has been trading at a weekly low for some time. Finally the US dollar is showing a push up, and gained 0.472% Friday. Fundamentals could be in the dollar’s favor this week. The pair is trading at 0.8983.

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