Forex Signals Brief May 15: Global Growth in Focus – UK GDP and US Retail Sales

A quiet U.S. calendar and trade optimism defined market sentiment Wednesday, while investor attention shifts toward UK GDP and US Retail...

UK March GDP is expected to fall flat at 0.0%

Quick overview

  • Market sentiment on Wednesday was influenced by a quiet U.S. economic calendar and optimism surrounding trade developments.
  • Federal Reserve officials emphasized a cautious approach to monetary policy, focusing on data-driven decisions amid signs of slowing growth.
  • Equity markets showed mixed results, with the S&P 500 rising while the Dow Jones Industrial Average declined, and commodities like gold and crude oil experienced notable drops.
  • Upcoming economic releases, including U.S. GDP and retail sales data, are expected to provide further insights into growth expectations across regions.

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A quiet U.S. calendar and trade optimism defined market sentiment Wednesday, while investor attention shifts toward UK GDP and US Retail Sales and PPI inflation readings today.

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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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