Tags: , ,
2 min read 

The new weekly forex trading session for May 14-18, 2018 starts today with a very thin economic calendar, and not any major important economic events for the day. There are only a few Speeches from Central Banks Officials. This means that volatility and price action for today should be low and have most probably a range-bound trading activity.

The forex market will weigh on the economic events released past Friday, May 11, 2018 with the University of Michigan Consumer Sentiment Index beating the estimate and an actual reading of 98.8, higher than the previous reading of 98.5, and the Unemployment Rate in Canada which was unchanged at 5.8%. The USD/CAD currency pair may witness some price action if oil prices decline from the 70 US Dollars price.

This week important economic data related to the economies of Germany, Eurozone, Japan, US, Australia and Canada, so the volatility most probably will increase during the week depending on the real versus expected outcomes.

Key economic events for today:

European Session

  1. Eurozone: ECB Lautenschlager Speech, ECB Coeure Speech

Time: 11:15 GMT, 16:00 GMT, 18:45 GMT

American Session

  1. US: Fed Mester Speech, Fed Bullard Speech

Time: 06:45 GMT, 13:40 GMT

Pacific Session

  1. Australia: RBA Governor Debelle Speech

Time: 23:10 GMT

Trade now

NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Related Post