
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
Euro Area Flash Manufacturing PMI will be released on Friday at 11:00 MT time.
Instruments to trade: EUR/USD, EUR/AUD, EUR/GBP, EUR/JPY
Similar to the same indicator in the UK, the Eurozone Manufacturing PMI’s drop in April was the steepest since its inception in 1997. From 44.5 in March it plunged to 33.4 in the next month. May’s Manufacturing PMI should be in the same spectrum noting the complicated state the European economy is in. Some countries still are experiencing local peaks of infection rates, others are struggling to keep the risk of the second wave of the virus at bay while the gradual economic reopening takes place. Therefore, it would be reasonable to expect the May Flash Manufacturing PMI in Europe to be comparably weak as in April. However, if it happens to positively surprise the market, the EUR will grow in value.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3.
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