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• The Week Ahead: 29th May – 2nd June 2023

The Week Ahead: 29th May – 2nd June 2023

Overview for the Week Ahead

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 29^th May

• No High Impact Events

Tuesday 30^th May

• 17.00 – US – CB Consumer Confidence

Potential instruments to Trade: USD Crosses. 

Wednesday 31^st 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 1^st 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 2^nd 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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