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May 26, 2018

IronFX, Weekly Market Report 'May 28th to June 1st'

All eyes on the NFP and the US employment report.

This article is originally referred from IronFX News.

Next week’s market movers

  1. On Monday, no major financial releases are expected.
  2. Japan’s unemployment rate for April, as well as the US CB consumer confidence indicator for May could be the center of discussion on Tuesday.
  3. In a rather busy Wednesday, Japan’s retail sales for April, Germany’s unemployment data and preliminary HICP rate for May, Eurozone’s consumer confidence for May, the US ADP employment figure for May and the 2nd release of the GDP growth rate could move the market on Wednesday. The star of the day though, should be Bank of Canada’s (BoC) interest rate decision.
  4. On Thursday, China’s NBS Manufacturing PMI for May, Germany’s retail sales for April, Eurozone’s preliminary inflation rate for May and Canada’s GDP growth rate will be released.
  5. Last but not least, on Friday, the market could shift its focus primarily to the US employment report for May with its NFP figure, but also the US ISM manufacturing PMI for May could get some attention.

In the next week a plethora of financial data releases could attract the market’s attention. Our team chose and concentrated on the ones which it considers as the most influential and discusses their possible forecasts and their respective effects on various currencies.

On Monday, no major financial releases are expected.

On Tuesday, during the Asian morning we get Japan’s unemployment rate for April. The rate is forecasted to remain unchanged at 2.5% compared to previous month’s reading. Should the actual rate meet the forecast we could see JPY strengthening as the low unemployment rate continues however the market’s reaction could be somewhat muted as the Japanese economy is used to such low unemployment rates…

Check out the full weekly report from below!

Week Ahead ‘May 28th to June 1st’

Original Source: IronFX News

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