Daily Economic Calendar – May 8, 2017

Let’s see which news releases could move the currency markets on Monday, the 8th of May. The second and final round of French presidential election takes place on Sunday, and the outcome, whatever that may be, is bound to move the Euro. Australian Building Approvals for March are out at 1:30 AM. The February data surprised very much on the upside, posting the strongest gain in 7 months. National Australia Bank Business Confidence for April comes at the same time. The confidence Index did inch lower in March, but the current conditions Index soared to its highest level since the global financial crisis. The next release comes at 5, and it’s Japanese Consumer Confidence for April. March data showed some solid growth as the Index hit a 3-year high. The latest German Factory Orders data will be out at 6. Orders rebounded in February, but it was not enough to offset a 6.8% drop the previous month. UK Halifax House Price Index for April is scheduled at 7:30. The Index has stood unchanged for the past 2 months. Coming up next at 12:15 PM GMT are the Canadian Housing Starts for April. The March data was very upbeat as the number rose to a 10-year high. There’s little on the schedule until 11:01, when the UK BRC Retail Sales Monitor for April is released. Like-for-like sales have been decreasing on an annual basis for the past 3 months. And wrapping things up at 1:30 AM are the Australian Retail Sales for March. Sales slipped in February, following a point 4% gain the previous month.