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Market Opportunities : Week 30-05-2022 - 03-06-2022
USDCNH: China’s Manufacturing Service Purchasing Managers Index report for May is an important event for forex markets due May 31. The performance of China’s economy is an indicator of the status of global economy too as China supplies manufactured goods to many countries of the world. There is a possibility the Manufacturing PMI report may indicate weaker performance than expected which will be bullish for USDCNH.
USDIDX: United States Nonfarm Payrolls report on June 3 is the key economic event of the May 30 – June 3 week. The May Nonfarm Payrolls will indicate whether the US labor market is still strong, supporting views Federal Reserve will implement rate hike at next meeting as announced. Strong non-farm payrolls report will be bullish for USDIDX.
USDIDX: United States Nonfarm Payrolls report on June 3 is the key economic event of the May 30 – June 3 week. The May Nonfarm Payrolls will indicate whether the US labor market is still strong, supporting views Federal Reserve will implement rate hike at next meeting as announced. Strong non-farm payrolls report will be bullish for USDIDX.
Key Events to Watch
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2022-05-30 | EUR | European Union Leaders Summit | ||
| 2022-05-31 | EUR | European Union Leaders Summit | ||
| 2022-05-31 | JPY | Japan Retail Sales m/m | -0.9% | 2.0% |
| 2022-05-31 | CNY | China Manufacturing Purchasing Managers Index (PMI) | 49.6 | 47.4 |
| 2022-05-31 | CNY | China Non-Manufacturing Purchasing Managers Index (PMI) | 50.7 | 41.9 |
| 2022-05-31 | CNY | China Composite Purchasing Managers Index (PMI) | 42.7 | |
| 2022-05-31 | EUR | France Gross Domestic Product (GDP) q/q | 0.0% | 0.0% |
| 2022-05-31 | CHF | Switzerland Gross Domestic Product (GDP) q/q | 0.7% | 0.3% |
| 2022-05-31 | INR | India Gross Domestic Product (GDP) y/y | 2.7% | 5.4% |
| 2022-05-31 | CAD | Canada Gross Domestic Product (GDP) m/m | 0.0% | 1.1% |
| 2022-05-31 | USD | The Conference Board United States Consumer Confidence Index | 107.2 | 107.3 |
| 2022-06-01 | AUD | Australia Gross Domestic Product (GDP) q/q | 0.6% | 3.4% |
| 2022-06-01 | CAD | Bank of Canada (BoC) Interest Rate Decision | 1.00% | |
| 2022-06-01 | USD | United States JOLTS Job Openings | 11.768 M | 11.549 M |
| 2022-06-01 | USD | ISM United States Manufacturing Purchasing Managers Index (PMI) | 56.3 | 55.4 |
| 2022-06-02 | USD | ADP United States Nonfarm Employment Change | -225 K | 247 K |
| 2022-06-03 | EUR | European Union Retail Sales m/m | -0.8% | -0.4% |
| 2022-06-03 | USD | United States Nonfarm Payrolls | -19 K | 428 K |
| 2022-06-03 | USD | ISM United States Non-Manufacturing Purchasing Managers Index (PMI) | 57.7 | 57.1 |
