Despite arriving data from US are not very good and convincing, US dollar had one more positive week. If NFP data on the coming week will provide additional support to US dollar, the chances of Fed rates hike in June will jump.
The oil prices are gradually recovering, but oil production is still on the table. OPEC meeting on Thursday will give an answer to the question of many oil producers and traders – is it possible an agreement?
(All times are GMT)
On Tuesday, at 1:30am Australian Bureau of Statistics will publish monthly Building Approvals.
At 12:30pm monthly GDP will be published by Statistics Canada.
At 2:00pm the Conference Board Inc. will release CB Consumer Confidence index in USA.
On Wednesday, at 1:30am Australian Bureau of Statistics will publish quarterly GDP data.
At 8:30am Manufacturing PMI (Purchasing Managers’ Index ) in Great Britain will be released by Markit.
At 2:00pm The Institute for Supply Management (ISM) will release the ISM Manufacturing PMI for US.
On Thursday, at 1:30am Australian Bureau of Statistics will announce monthly Retail Sales.
The same time, at 1:30am Australian Bureau of Statistics will publish monthly Trade Balance.
At 8:30am Markit will provide Great Britain’s Construction PMI.
At 11:45am European Central Bank will announce Minimum Bid Rate.
At 12:15pm US Non-Farm Employment Change will be announced by Automatic Data Processing, Inc. (ADP).
At 12:30pm ECB President and Vice President will give their vision of future monetary policy at ECB Press Conference.
At 12:30pm numbers of Unemployment Claims are expected from US Department of Labor.
At 3:00pm US Energy Information Administration releases Crude Oil Inventories data.
On Friday, at 8:30am information about Services PMI from Great Britain will be released by Markit.
At 12:30pm, Statistics Canada will provide Trade Balance data.
At the same time, at 12:30pm data from US labor market will arrive. As usually, US Non-Farm Payrolls, US Unemployment Rate and changes in monthly Average Hourly Earnings data are published on the first Friday of the month.
At 2:00pm The Institute for Supply Management (ISM) will release the ISM Non-Manufacturing PMI for US.
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