This week features a heavy schedule of speeches from central bank representatives, with the highlights including the release of inflation data (CPI) for the United Kingdom and the Eurozone, as well as the FOMC minutes on Wednesday. On Thursday, a major block of Purchasing Managers' Index (PMI) data will be released for the EU, UK, and US. Expect heightened market volatility on Wednesday, fueled by inflation data and the Fed, and on Thursday during the May PMI releases.
United Kingdom
8:30 a.m. GMT: Speech by BoE Monetary Policy Committee member Mann.
Japan
11:50 p.m. GMT: GDP (QoQ) (Q1). (Forecast: 0.4%; Previous figure: 0.3%)
Australia
1:30 a.m. GMT: Publication of the RBA Monetary Policy Meeting Minutes.
United Kingdom
6:00 a.m. GMT: Employment Change (3-month) (Previous figure: 25K).
6:00 a.m. GMT: Unemployment Rate (Mar). (Forecast: 4.9%; Previous figure: 4.9%)
Eurozone
12:00 p.m. GMT: Speech by ECB representative Lane.
United States
12:00 p.m. GMT: Speech by the Fed's C. Waller.
United Kingdom
6:00 a.m. GMT: Consumer Price Index (CPI) (Year-over-Year) (April). (Forecast: 3.0%; Previous figure: 3.3%)
Eurozone
9:00 a.m. GMT: Consumer Price Index (CPI) (Year-over-Year) (April). (Forecast: 3.0%; Previous figure: 3.0%)
United States
2:30 p.m. GMT: Crude Oil Inventories. (Previous figure: -4.306M)
6:00 p.m. GMT: Publication of the FOMC Meeting Minutes.
Eurozone
8:00 GMT: Manufacturing PMI (May). (Forecast: 51.8; Previous figure: 52.2)
8:00 GMT: Services PMI (May). (Forecast: 47.7; Previous figure: 47.6)
United Kingdom
8:30 GMT: Services PMI (May). (Forecast: 51.7; Previous figure: 52.7)
8:30 GMT: Composite PMI (May). (Previous figure: 52.6)
United States
12:30 p.m. GMT: Philly Fed Manufacturing Index (May). (Forecast: 17.9; Previous figure: 26.7)
12:30 p.m. GMT: Initial Jobless Claims. (Forecast: 210K; Previous figure: 211K)
1:45 p.m. GMT: Manufacturing PMI (May). (Forecast: 53.6; Previous figure: 54.5)
1:45 p.m. GMT: Services PMI (May). (Forecast: 51.1; Previous figure: 51.0)
Germany
6:00 a.m. GMT: German GDP (Quarter-over-Quarter) (Q1). (Forecast: 0.3%; Previous figure: 0.3%)
Eurozone
8:30 a.m. GMT: Speech by ECB President Christine Lagarde.
Stay away from emotional and impulsive trading. As Alex Gerchik frequently points out, losses usually happen when traders abandon their rules, and not because they lack technical expertise. Don’t try to predict the outcome of Wednesday’s inflation report or the Fed minutes. Focus on reading the chart, since the intentions of major market players are already reflected at key support and resistance levels.
Protect your capital during market opens and major news releases. Volatility is often extreme during these periods, especially within the first 30 minutes of a session. If sudden price spikes repeatedly trigger your stop-loss orders, it may be wiser to stay out of the market. Stepping aside is often the smartest move, because traders must always make sure there is a ‘tomorrow.’
The golden rule of lot sizing. Remember Gerchik’s formula: Lot = Risk (in $) / SL (in pips). Keep your dollar risk fixed at no more than 1–2% of your account balance. If market volatility causes wider stop-loss orders during major news releases, your lot size should automatically become smaller.
A hard ‘emergency stop’ is essential in trading. After 3–5 losses in a row, traders often enter a tilted emotional state where their self-discipline goes out the window. Risk Manager solution automates protection by shutting down the trading platform and shielding your account from impulsive decisions and potential capital loss. Risk increase must be gradual and backed by stable trading results over time.
Have questions about trading? Don't know where to start? Message our personal AI Assistant, available 24/7 to guide you step-by-step from registration to your first trades with Gerchik & Co.
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