Market Insights Podcast – US CPI , Fed Speak from Powell, China retail sales and industrial production looms

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events. Firstly, after a slew of Fed Speak from officials Bowman, Daly, Bostic, Collins, Kashkari, and Barkin last week that erred towards a “higher-for-longer” approach in terms of the direction of the Fed funds rate; for this week, market participants will hear from the helm of the Fed, Chair Powell’s view via his public speeches on Tuesday (14 May).

Secondly, in order to validate the concerns of Fed’s officials fear of sticky inflation trends that still taking form in the US, to next focus will be April’s CPI reading out this Wednesday (15 May) where the rent and services sub components, the main drivers of current state of stubborn inflation will be scrutinized. On the same day, US retail sales for April will be release as well to have a gauge of US consumer spending as consumer confidence has dipped lower in the past month.

Lastly, on Friday (17 May), we will have key China data, retail sales, industrial production, and housing price index for April. Pivotal as it will be monitored to justify the bullish tone see the China proxy Hang Seng stock indices since April.

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Kelvin Wong

Kelvin Wong

Senior Market Analyst, OANDA at OANDA
Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an expert in using a unique combination of fundamental and technical analyses, specializing in Elliott Wave and fund flow positioning, to pinpoint key reversal levels in the financial markets. In addition, over the last ten years, Kelvin has conducted numerous market outlook and trading-related seminars, as well as technical analysis training courses, for thousands of retail traders.