Highlights of the week

• US jobs data will drive FX, shaping Fed expectations.
• Eurozone CPI and German inflation will test ECB stance.
• China PMI, UK GDP and US data will signal global growth momentum.

What Now

This week’s data suggests the USD stays supported unless US labor data weakens. Strong payrolls and wages would keep yields high and pressure gold and risk FX, while softer data would support bonds and high-beta currencies. Eurozone inflation may limit EUR downside, but weak China PMI keeps commodity FX vulnerable. Overall, the bias favors a firm dollar and cautious risk sentiment.

Monday, June 29, 2026

• No major events scheduled.

Tuesday, June 30, 2026

• 04:30 – China (CNY) – Manufacturing PMI for June, previous 50.0
• 09:00 – United Kingdom (GBP) – GDP Growth Rate QoQ Final for Q1, previous 0.60 percent
• 15:00 – Germany (EUR) – German CPI MoM Preliminary for June, previous -0.20 percent
• 16:45 – United States (USD) – Chicago PMI for June, previous 62.7
• 17:00 – United States (USD) – JOLTS Job Openings for May, previous 7.618M
• 17:00 – United States (USD) – CB Consumer Confidence for June, previous 93.1

Wednesday, July 1, 2026

• 12:00 – Eurozone (EUR) – CPI YoY Preliminary for June, previous 3.20 percent
• 15:15 – United States (USD) – ADP Nonfarm Employment Change for June, previous 122K
• 16:45 – United States (USD) – S&P Global Manufacturing PMI Final for June, previous 55.7
• 17:00 – United States (USD) – ISM Manufacturing PMI for June, previous 54.0

Thursday, July 2, 2026

• 15:30 – United States (USD) – Nonfarm Payrolls for June, previous 172K
• 15:30 – United States (USD) – Unemployment Rate for June, previous 4.30 percent
• 15:30 – United States (USD) – Average Hourly Earnings MoM for June, previous 0.30 percent
• 15:30 – United States (USD) – Initial Jobless Claims

Friday, July 3, 2026

• All Day – United States (USD) – Independence Day holiday