Today JustForex’s team of financial analysts has prepared a new review of events in the upcoming week.

These events can significantly affect the Forex market.

Choose and track the ones that are most important to you.

Last week, the US dollar moved away from annual highs. Nevertheless, demand for the US currency remains at a fairly high level. The FOMC protocols confirmed investors“ expectations that the Fed will raise rates in June. At the same time, the regulator is concerned about the level of inflation in the country. The central bank plans to conduct a step by step normalization of the monetary policy. Participants in financial markets are expecting a report on the labor market in the United States.

In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.

May 28th, Monday

On Monday, the news feed will be calm.

The publication of important economic reports is not planned.

The financial markets of the United Kingdom and the United States will be closed due to the holidays.

May 29th, Tuesday

On Tuesday, investors’ attention will be focused on the CB consumers confidence index in the US at 17:00 (GMT+3:00).

Experts predict that in May the index will slow from 128.7 to 128.0.

May 30th, Wednesday

On Wednesday, the news feed will be very eventful.

The attention of investors will be focused on the following statistics:

• A report on the labor market of Germany at 11:00 (GMT+3:00);
• Preliminary data on the US labor market from ADP at 15:15 (GMT+3:00);
• Statistics on US GDP at 15:30 (GMT+3:00).

At 17:00 (GMT+3:00), the Bank of Canada will decide on the key interest rate.

Experts expect that the regulator will leave the interest rate unchanged at 1.25%.

We recommend you to pay attention to the comments of the Central Bank representatives.

May 31st, Thursday

On Thursday, we expect important economic reports:

• Statistics on economic activity in China at 04:00 (GMT+3:00);
• The Eurozone consumer price index at 12:00 (GMT+3:00);
• A report on GDP of Canada at 15:30 (GMT+3:00);
• The index of pending sales in the US real estate market at 17:00 (GMT+3:00).

June 1st, Friday

The trading week will end with the publication of the report on the labor market in the US at 15:30 (GMT+3:00).

We recommend paying attention to the difference between the actual and the forecasted values.

Important statistics:

• Indices of economic activity in the manufacturing sectors of Germany and the UK at 10:55 (GMT+3:00) and at 11:30 (GMT+3:00), respectively;
• The index of economic activity in the manufacturing sector of the US from ISM at 17:00 (GMT+3:00).