TESLA STOCKS END THE WEEK OVER 7% UP

Significant events to watch:

-NZD (NZD): Interest Rates

-UK (GBP): CPI YOY

-USA (USD): GDP QOQ

NEW ZEALAND (NZD): INTEREST RATES – The Reserve Bank of New Zealand (RBNZ) governor decides where to set the rate after consulting senior bank staff and external advisers. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. New Zealand’s interest rate was set at 5.25%.

The report is due Wednesday, 24 May 02:00 GMT

UK (GBP) 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. The UK’s CPI increased to 10.1%, higher than the forecast of 9,8%.

The report is due Wednesday, 24 May 06:00 GMT

USA (USD): GDP QOQ – Gross Domestic Product (GDP) measures the annualized 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. US GDP declined by 1.1% during the previous quarter.

The report is due Thursday, 25 May at 14:30 GMT

Risers and Fallers

-Dow Jones (+0.33%)

-Gold (+1.03%)

-Tesla Inc. (+1.84%)

-USDJPY (-0.56%)

Dow Jones – The Dow Jones increased 0.33% on Friday, reaching a daily high and low of 33,336.66 and 33,652.90, respectively.  The Dow Jones is trading at 33,426.63.

Gold –  The gold price was up 1.03% on Friday. Gold is trading at 1979.90.

Tesla Inc. (NASDAQ: TSLA) –  Tesla’s stock price increased 1.84% on Friday. The stock has gained 7.46% for the week. Tesla Inc. was trading at $180.14 at the close.

USDJPY – USDJPY was down 0.56%; the pair reached a daily high and low of 138.684 and 137.42, respectively.

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