FxWirePro: The Day Ahead- 16th May 2018

Lots of economic data and events scheduled for today, and some with high volatility risks associated.

Data released so far:

• China: House price index rose by 4.7 percent y/y in April, down from 4.9 percent.
   
• Australia: Wage price index grew 0.5 percent in Q1, up 2.1 percent y/y.
   
• Japan: Industrial production up 1.4 percent in March, up 2.4 percent y/y in March.

Upcoming:

• Germany: Consumer price inflation for April will be released at 6:00 GMT.
   
• Italy: Industrial orders and sales report will be released 8:00 GMT, followed by CPI inflation report at 9:00 GMT.
   
• Eurozone: CPI inflation report will be released at 9:00 GMT. ECB President Dragi is set for a speech at 12:00 GMT, Coeure at 12:30 GMT, and Praet at 14:30 GMT.      
   
• United States: MBA mortgage applications report will be released at 11:00 GMT, followed by housing starts and building permits report 12:30 GMT. FOMC member Bostic is set for a speech at 12:30 GMT. Industrial production report will be released at 13:15 GMT. EIA will release weekly crude oil report at 14:30 GMT. Fed’s Bullard is set for a speech at 22:30 GMT.
   
• New Zealand: producer price inflation report will be released at 22:45 GMT.
   
• Japan: Machinery orders report will be released at 23:50 GMT/

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