Weekly Technical Analysis – EURUSD, EURTRY, USDJPY
The highlight will be the US retail sales for April. Expectations are for both the headline and core month-over-month rates to have rebounded to 0.7% and 0.4% respectively from -0.6% and -0.4%.
Turkish presidential elections → EURTRYNo candidate in Turkey's first round of presidential elections received more than 50% of the vote, hence a second round will take place on May 28. Investors will the results of the crucial election as Recep Tayyip Erdogan bids to extend his nearly two-decade reign as Turkey's president versus the opposition candidate Kemal Kilicdaroglu.
Japan GDP → USDJPYOn Wednesday, Japan will release its flash GDP growth numbers for the first quarter. On Friday, Japan will release its latest inflation numbers. In 2023, the Japanese economy should have grown again, even if only slightly.Related Assets
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