FxWirePro: The Day Ahead- 23rd May 2017

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

Data released so far:

• Japan: Flash Nikkei manufacturing PMI came at 52 for May. All industry activity index declined 0.6 percent in March.

Upcoming:

• Germany: First quarter GDP report will be published at 6:00 GMT. Flash manufacturing and services PMI reports will be released at 7:30 GMT, followed by IFO survey reports at 8:00 GMT.
   
• Switzerland: April trade balance report will be released at 6:00 GMT.
   
• France: Flash manufacturing and services PMI reports will be released at 7:00 GMT.
   
• Eurozone: Flash manufacturing and services PMI reports will be released at 8:00 GMT. EU financial stability review report will be released at 9:00 GMT.
   
• United Kingdom: Public sector borrowing report will be released at 8:30 GMT. Bank of England (BoE) governor Mark Carney is scheduled to testify at parliament as part of inflation report hearings that will begin at 10:00 GMT. CBI trade survey report will also be released at 10:00 GMT.
   
• Canada: Wholesale sales report for March will be published at 12:30 GMT.
   
• United States: Redbook index reports will be published at 12:55 GMT, followed by flash manufacturing and services PMI at 13:45 GMT and new home sales report at 14:00 GMT, along with Richmond Fed manufacturing index. FOMC member Kashkari is scheduled to speak at 13:00 GMT and Harker at 21:00 GMT.
   
• New Zealand: Trade balance report for April will be released at 22:45 GMT.
   
• Auction: U.S. will auction 1-month and 12-month bills at 15:30 GMT, followed by 2-year note at 17:00 GMT.