Let’s take a look at some of the potential FX market movers scheduled for publication on Wednesday, the 30th of May. German Retail Sales for April are out first at 6 o’clock in the morning. Sales have contracted for four consecutive months now, but markets anticipate a rise in this publication. Swiss KOF Economic Barometer for May follows an hour later. Barometer rose slightly to 105.3 points in April, remaining above long term average and indicating favourable outlook for Swiss economy. German Unemployment change for May is up next at 7:55 AM. The number of unemployment continued to decline in April, but at a slower pace than anticipated. Then there’s the high importance US ADP national employment report for May scheduled at a quarter past noon GMT. Private sector employment increased by 204 thousand from March to April. Another potential Greenback mover follows fifteen minutes later when the Second Estimate of the US GDP will be released. According to advance estimate, economy expanded at a pace of 2.3% in the year’s opening quarter, down from 2.9% in the fourth quarter. A couple of publications regarding Canadian economy are out at the same time, including the first quarter current account stats. Deficit narrowed down in the final quarter of last year from third quarter’s level of 18.6 billion Canadian Dollars. Canadian Industrial Product and Raw Materials Prices for April is the final publication out at a half past noon. Both measures rose in March. The high importance Bank of Canada Interest Rate Announcement will take place at 2 PM GMT. Markets mostly anticipate no change in this meeting, but a hike is mostly likely on the cards in the coming months. Swissie traders will be monitoring closely the high importance speech by the Swiss National Bank Chairman Thomas Jordan in Solothurn. The high importance data run continues at 1 AM with the China Purchasing Managers Indexes for May. Manufacturing Index slipped and Services Index rose in April, but both measures remain above the 50 level. New Zealand ANZ Business Confidence for May will also be available at the same time and it’s the final release for this agenda. Headline business confidence eased further in April. A net 23% of businesses are pessimistic about the year ahead, down 3 points from March. I’m Jack Everitt and you’ve been watching the Economic Calendar for Wednesday.
Let’s take a look at some of the potential FX market movers scheduled for publication on Wednesday, the 30th of May.
German Retail Sales for April are out first at 6 o’clock in the morning. Sales have contracted for four consecutive months now, but markets anticipate a rise in this publication.
Swiss KOF Economic Barometer for May follows an hour later. Barometer rose slightly to 105.3 points in April, remaining above long term average and indicating favourable outlook for Swiss economy.
German Unemployment change for May is up next at 7:55 AM. The number of unemployment continued to decline in April, but at a slower pace than anticipated.
Then there’s the high importance US ADP national employment report for May scheduled at a quarter past noon GMT. Private sector employment increased by 204 thousand from March to April.
Another potential Greenback mover follows fifteen minutes later when the Second Estimate of the US GDP will be released. According to advance estimate, economy expanded at a pace of 2.3% in the year’s opening quarter, down from 2.9% in the fourth quarter.
A couple of publications regarding Canadian economy are out at the same time, including the first quarter current account stats. Deficit narrowed down in the final quarter of last year from third quarter’s level of 18.6 billion Canadian Dollars.
Canadian Industrial Product and Raw Materials Prices for April is the final publication out at a half past noon. Both measures rose in March.
The high importance Bank of Canada Interest Rate Announcement will take place at 2 PM GMT. Markets mostly anticipate no change in this meeting, but a hike is mostly likely on the cards in the coming months.
Swissie traders will be monitoring closely the high importance speech by the Swiss National Bank Chairman Thomas Jordan in Solothurn.
The high importance data run continues at 1 AM with the China Purchasing Managers Indexes for May. Manufacturing Index slipped and Services Index rose in April, but both measures remain above the 50 level.
New Zealand ANZ Business Confidence for May will also be available at the same time and it’s the final release for this agenda. Headline business confidence eased further in April. A net 23% of businesses are pessimistic about the year ahead, down 3 points from March.
I’m Jack Everitt and you’ve been watching the Economic Calendar for Wednesday.
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