In terms of volatility risks, this week is light with the focus on election outcomes n Indonesia, India, and the European Union,
What to watch for over the coming days:
Central Banks:
- Federal Reserve chair Jerome Powell’s speech on Monday.
- Reserve Bank of Australia (RBA) Governor Lowe’s speech on Tuesday.
- European Central Bank’s President Mario Draghi’s speech on Wednesday.
- FOMC will release minutes of meeting on Wednesday.
Economic data:
- UK inflation report to be released on Tuesday, and retail sales report on Friday.
- German GDP and IFO business survey report on Thursday.
- U.S. durable goods order report on Frday.
Geopolitics:
- Official election result from Indonesia expected on 22nd.
- India’s election result will be declared on 23rd May.
- European parliamentary election to begin on 24th May.
- U.S. President Donald Trump to visit Japan on 25th of May.