Target levels and forecast for the week 08.05. 12.05.

Target levels and forecast for the week 08.05.  12.05. The week will be calm and neutral with only two key events - US consumer price inflation and the BOE meeting. A decrease in US core inflation after a strong NFP will increase risk appetite on the back of a weak dollar.Tomorrow, Biden will discuss with the leaders of Congress the increase in the national debt ceiling, and any negotiations on this topic either increase risk appetite or allow to focus on the positive.BOE will once again raise the rate by 0.25%, and the rhetoric of the statement is likely to remain unchanged, but Bailey's press conference is important and could cause a strong correction in the GBP. A strong reaction to GDP data is also possible.China's reports are important as its economic growth poses inflationary risks due to speculative demand for industrial raw materials.Fans of commodity assets are advised to carefully study the next reports on the oil market, especially the OPEC forecast for the balance of supply/demand.Recall the fundamental events that you need to pay attention to (GMT 0 time):Tue, 09AUD: Retail Sales (01:30)CNY: Exports, Imports, Trade Balance (03:00)USD: EIA Short-Term Energy Outlook (16:00); API Weekly Crude Oil Stock (20:30)Wed, 10USD: CPI (12:30); Federal Budget Balance (13:00); Crude Oil Inventories (+Cushing) (14:30)Thu, 11CNY: CPI, PPI (01:30)GBP: BoE Interest Rate Decision, Meeting Minutes (11:00); BoE Gov Bailey Speaks (13:15)USD: OPEC Monthly Report (11:00); PPI, Initial Jobless Claims (12:30)Fri, 12GBP: GDP, Manufacturing, Industrial Production, Trade Balance,Trade Balance Non-EU (06:00)USD: Import ,Export Price Index(12:30), WASDE Report (16:00)For more news  see Economic Calendar.Profits to yall!#EURUSD #GBPUSD #USDJPY #XTIUSD #Profits #ForexChief #forexsignals #MarketFocus #forexnews #Stock #StopLoss #EconomicCalendar #worldnews #forexmarket