Lawmakers in Washington reached a tentative agreement on the U.S. debt ceiling, thus removing the risk of a catastrophic default.
Trading and market liquidity in Asia will be lighter than usual, however, with U.S. and UK markets closed for holidays, opening the potential for outsized market moves.
In Turkey, the lira hovered at 20.04 against the dollar, just a touch above its record low of 20.06 hit on Friday, after President Tayyip Erdogan secured victory in the country’s presidential election, extending his increasingly authoritarian rule into a third decade.
In the week ahead, more U.S. economic data will be on tap, such as job openings and non-farm payrolls which could influence Fed’s thinking for the June decision. Economists polled by Reuters expect payrolls likely rose 195,000 in May, slowing from 253,000 the prior month.
Have your trading charts ready!
This Week’s High Impact Events
The times below are GMT +3.
Monday 29th May
No High Impact Events
Tuesday 30th May
17.00 – US – CB Consumer Confidence
Potential instruments to Trade: USD Crosses.
Wednesday 31st May
02.00 – Australia – RBA Gov Lowe Speaks
Potential instruments to Trade: AUD Crosses.
04.30 – Australia – CPI y/y
Potential instruments to Trade: AUD Crosses.
04.30 – China – Manufacturing PMI & Non-Manufacturing PMI
Potential instruments to Trade: CNY Crosses.
All-Day – Europe – German Prelim CPI m/m
Potential instruments to Trade: EUR Crosses.
11.00 – Europe – ECB Financial Stability Review
Potential instruments to Trade: EUR Crosses.
15.30 – Canada – GDP m/m
Potential instruments to Trade: CAD Crosses.
17.00 – US – JOLTS Job Openings
Potential instruments to Trade: USD Crosses.
18.05 – Switzerland – SNB Chairman Jordan Speaks
Potential instruments to Trade: CHF Crosses.
19.30 – US – FOMC Member Harker Speaks
Potential instruments to Trade: USD Crosses.
Thursday 1st June
12.30 – Europe – ECB President Lagarde Speaks
Potential instruments to Trade: EUR Crosses.
15.15 – US – ADP Non-Farm Employment Change
Potential instruments to Trade: USD Crosses.
15.30 – US – Unemployment Claims
Potential instruments to Trade: USD Crosses.
17.00 – US – ISM Manufacturing PMI
Potential instruments to Trade: USD Crosses.
Friday 2nd June
15.30 – US – Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate
Potential instruments to Trade: USD Crosses.
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].
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