During the weekend the French elections were held and the results came in that Hollande had won passed Sarkozy to win the elections. The Greek parliamentary elections will also take place. The results may affect the future policy steps of these countries respective governments and consequently it may also affect the Euro. The disappointing results in the recent U.S employment report, in which only 115 thousand jobs were added, was plausibly responsible for the tumble of U.S stocks and crude oil prices on Friday. Let's examine the main events and news items that may affect the financial markets including: U.S trade balance report, Australian employment, speech of Fed Chairman Bernanke, China’s trade balance, Germany factory orders, OPEC monthly report and U.S. jobless claims. Here is an e outlook for the week of May 7th to 11th .
Monday, May 7th
02:30 – Australian Retail Sales: This monthly report will refer to the developments in Australia's retail sales report for March 2012. The retail sales (seasonally adjusted) edged up by 0.2% in February; this news may affect the strength of the Aussie dollar;
08:00 – Swiss National Bank Forex Reserves: the central bank of Switzerland will release the total value of its foreign currencies reserves during April;
12:00 – German Factory orders: this report will highlight the changes in the Germany factory orders during March; this news could indicate the progress of the German Economy and consequently may affect foreign exchange and commodities traders; last time, the orders rose by 0.3%;
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