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Market Opportunities : Week 29-05-2023 - 02-06-2023
EURUSD: German consumer inflation report for May is an important economic event for forex markets. The German statistics office Destatis will release the German CPI preliminary report on May 31. In case the German inflation declines again - the EURUSD will get a bearish impulse.
USDIDX: ISM United States Manufacturing Purchasing Managers Index (PMI) report for May is the most important economic event in the May 29 – June 2 week. The Institute for Supply Management will release the Services PMI on June 1. In case the Manufacturing PMI decline for May is more than forecast, it will be bearish for US Dollar index.
USDIDX: ISM United States Manufacturing Purchasing Managers Index (PMI) report for May is the most important economic event in the May 29 – June 2 week. The Institute for Supply Management will release the Services PMI on June 1. In case the Manufacturing PMI decline for May is more than forecast, it will be bearish for US Dollar index.
Key Events to Watch
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2023-05-30 | CHF | Switzerland Gross Domestic Product (GDP) q/q | 0.1% | 0.0% |
| 2023-05-30 | USD | The Conference Board United States Consumer Confidence Index | 102.7 | 101.3 |
| 2023-05-31 | JPY | Japan Retail Sales m/m | 0.0% | 0.6% |
| 2023-05-31 | CNY | China Manufacturing Purchasing Managers Index (PMI) | 49.5 | 49.2 |
| 2023-05-31 | CNY | China Non-Manufacturing Purchasing Managers Index (PMI) | 50.7 | 56.4 |
| 2023-05-31 | CNY | China Composite Purchasing Managers Index (PMI) | 54.4 | |
| 2023-05-31 | EUR | France Gross Domestic Product (GDP) q/q | 0.2% | 0.2% |
| 2023-05-31 | INR | India Gross Domestic Product (GDP) y/y | 3.7% | 4.4% |
| 2023-05-31 | CAD | Canada Gross Domestic Product (GDP) m/m | 0.0% | 0.1% |
| 2023-05-31 | USD | United States JOLTS Job Openings | 9.283 M | 9.590 M |
| 2023-06-01 | CHF | Swiss National Bank (SNB) News Conference | ||
| 2023-06-01 | USD | ADP United States Nonfarm Employment Change | -22 K | 296 K |
| 2023-06-01 | USD | ISM United States Manufacturing Purchasing Managers Index (PMI) | 46.7 | 47.1 |
| 2023-06-02 | KRW | South Korea Gross Domestic Product (GDP) q/q | ||
| 2023-06-02 | USD | United States Nonfarm Payrolls | 1 K | 253 K |
