Forex news and the most important economic events this week May 28 to June 1

The focus of the financial markets during this week will be on many important forex news, represented by a group of important economic reports, and at the forefront of the data will be the US jobs report, in addition to a report on inflation rates represented in the rate of personal consumption expenditures, which is the preferred measure of the Federal Reserve for measuring inflation, and in Eurozone participants will be interested in preliminary figures on inflation rates, which are likely to support the European Central Bank’s decision not to rush to withdraw its stimulus program, and at the same time in Asia, market traders will look to see the monthly data of the manufacturing sector in China, which is likely to confirm that the momentum is in the second The world's largest economy is still strong, and on the central bank front, the Central Bank of Canada will announce its appropriate monetary policy for the current Canadian economy amid expectations to keep its monetary policy unchanged.

Forex news

Forex news

The market will also have to pay attention to other matters over the next week such as new developments in the US-China trade negotiations, as well as the alleged summit between US President Donald Trump and North Korean leader Kim Jong-un next month.

Here are the details of the most important forex news on the economic calendar this week

1 US non-farm payrolls report

At 12:30 GMT on Friday, the US Department of Labor will release the non-farm jobs report for the month of May, and expectations indicate that jobs will grow by 190 thousand jobs compared to the month of April, which recorded the addition of 164 thousand jobs, and it is expected that The unemployment rate is stable at 3.9%, however the focus will be on average hourly earnings numbers which are expected to rise by 0.3% from 0.1%.

2 The US economy announces important data on inflation rates and the final figures on growth rates

At 12:30 GMT on Thursday, the US Department of Commerce will publish important data on inflation rates represented in personal income data and consumer spending during the month of April.

Personal consumption expenditures are expected to rise by 0.1% from a rise by 0.2% in the previous month, while on an annual basis, personal consumption expenditures are expected to rise by 1.8% during April compared to the month of March, which recorded a rise of 1.91 TP2T.

The US economy will also show the final figures for the growth rate during the first quarter next Wednesday, and it is expected to record a growth of 2.3%.

3 The Eurozone will release inflation figures for the month of May

At 09:00 GMT on Thursday, the euro zone will publish its figures on inflation rates for the month of May, which is represented in the consumer price index, and expectations are met for the index to rise by 1.6% at a faster pace than the month of April, which recorded a rise by 1.2% The same indicator will also be released, excluding food and fuel prices, and is expected to decline to 1.0% from 0.7% in the preceding month.

4 Issuance of purchasing managers' index for the industrial sector in China

At 01:00 GMT on Thursday, China will publish its data on the activity of the manufacturing sector during the month of May, amid expectations that it will record a reading of 51.4 points, the same as the previous reading for the month of April.

At 01:45 GMT on Friday, the Kaisekan Industrial Index will be announced, which focuses more on small and medium-sized companies, amid expectations that the index will rise from 51.1 points to 51.3 points.

5 The monetary policy decision of the Central Bank of Canada

At 14:00 GMT on Wednesday, the Central Bank of Canada will release its monetary policy decision, and the bank is expected to keep interest rates at their current levels unchanged at 1.25%.

 

Mohamed Abdel Khaleq
Latest posts by محمد عبدالخالق (see all)

Leave a Reply

Add a review

Your email address will not be published. Required fields are marked *

17 − ten =

I accept the Privacy Policy

Forex Brokers Offers

Your capital is at risk
 

The complete list of forex brokers