The Week Ahead: 30th May – 3rd June 2022

Overview for the Week Ahead

The dollar nursed last week’s losses on Monday and was headed for its first monthly drop in five months as investors have scaled back bets that rising U.S. rates will spur further gains and as fears of a global recession have receded a little.

The week ahead is full of data that could provide clues on the outlook for global growth, U.S. interest rates and the dollar with Chinese Purchasing Managers’ Index figures, U.S. jobs numbers and growth data in resource bellwether Australia.

Trade was likely to be lightened through Monday as U.S. stock and bond markets close for the Memorial Day public holiday.

The key stats of the week, however, will be non-farm payrolls and the unemployment rate on Friday, which could define the Fed’s next move on interest rates.

Russia and Ukraine will remain the area of focus in the week ahead, along with chatter from China.  The easing lockdowns in China is helping kindle hopes about global growth, which tends to support exporters’ currencies at the dollar’s expense.

Have your trading chart ready!

This Week’s High Impact Events

The times below are GMT +3.

Monday 30th May

  • 18.00 – USD – FOMC Member Waller Speaks

Potential instruments to Trade: USD Crosses. 

Tuesday 31st May

  • 15.30 – Canada – GDP m/m

Potential instruments to Trade: CAD Crosses.

  • 17.00 – USD – CB Consumer Confidence

Potential instruments to Trade: USD Crosses. 

Wednesday 1st June

  • 04.30 – Australia – GDP q/q

Potential instruments to Trade: AUD Crosses. 

  • 17.00 – Canada – BOC Rate Statement & Overnight Rate

Potential instruments to Trade: CAD Crosses. 

  • 17.00 – USD – ISM Manufacturing PMI & JOLTS Job Openings

Potential instruments to Trade: USD Crosses. 

  • 20.00 – USD – FOMC Member Bullard Speaks

Potential instruments to Trade: USD Crosses. 

Thursday 2nd June

  • 10.00 – Europe – Spanish Unemployment Change

Potential instruments to Trade: EUR Crosses. 

  • All-Day – OPEC – JMMC Meetings

Potential instruments to Trade: All Crosses. 

  • 15.15 – USD – ADP Non-Farm Employment Change

Potential instruments to Trade: USD Crosses. 

  • 15.30 – USD – Unemployment Claims

Potential instruments to Trade: USD Crosses. 

  • 20.00 – USD – FOMC Member Mester Speaks

Potential instruments to Trade: USD Crosses. 

Friday 3rd June

  • 15.30 – US – Average Hourly Earnings m/m, Non-Farm Employment Change, & Unemployment Rate

Potential instruments to Trade: USD Crosses. 

  • 17.00 – USD – ISM Services PMI

Potential instruments to Trade: USD Crosses. 

Saturday 4th June

  • Tentative – US – Treasury Currency Report

Potential instruments to Trade: USD Crosses. 

For more information – https://errante.eu/economic-calendar/

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

We are Errante. Trading made personal.

Errante is the trading name used by Notely Trading Ltd, an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number [383/20]. Errante is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.

To find out more about Errante, visit https://errante.eu.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.50% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our Risk Disclosure.

Get started for free

Create Account
×

Search