Weekly Economic & Political Timeline - 31 May 2015

There is quite a lot of data coming out this week, which should be dominated by USD news (in particular, Friday’s NFP report) and also to a lesser extent statements by the central banks of the Eurozone, the U.K., and Australia. However it seems very unlikely there will be any surprises from the central banks so all eyes will be on the USD data.

Greece is in talks with the ECB and there is some chance a financing deal may be announced before the week begins, but there is more potential upside than downside for the Euro on any surprise.

Finally there was a fairly strong earthquake that was felt in Tokyo and central Japan, although fortunately as there was little damage and few casualties, it is not expected to affect the market when it opens Monday morning Tokyo time.

U.S. Dollar

There is plenty of U.S. data due this week, with something coming every day except Tuesday. Monday will see the release of ISM Manufacturing PMI data. On Wednesday there will be an announcement of the ADP Non-Farm Employment Change, Trade Balance, and ISM Non-Manufacturing PMI numbers. Thursday brings the Unemployment Claims numbers, followed on Friday by the big news of the week: Non-Farm Employment Change and Unemployment rate data.

British Pound

The week begins Monday with a release of Manufacturing PMI data, continuing with Construction PMI on Tuesday and Services PMI on Wednesday. The big news arrives Thursday with the Official Bank Rate and MPC Statement.

Australian Dollar

Monday will see the release of Building Approvals data, but the Australian week will be dominated by Tuesday’s Cash Rate & RBA Rate Statement. More news releases will keep coming. On Wednesday there will be a release of Quarterly GDP data and then on Thursday we will get Retail Sales and Trade Balance data.

Euro

Wednesday will see the release of the Minimum Bid Rate followed by the usual ECB Press Conference.

Canadian Dollar

Wednesday will see the release of Trade Balance data. This will be followed on Thursday by the Ivey PMI release. The big news comes at the end of the week on Friday in the form of the Unemployment Rate and Employment Change data.

New Zealand Dollar

On Tuesday we will get GDP Price Index data.

Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.