What Is Programmed In The Forex Calendar For Next Week? May 30, 2022 investazor The week that has just passed did not bring any big surprises for the Forex Market. Monday the European Flashes PMI came above expectations for the services sector but disappointed for the manufacturing sector. Great Britain’s final GDP was in line with expectations. USA’s GDP was expected to rise 2.7%, but it only rose 2.5%. This bad news was equilibrated by a very good Unemployment Claims. Last week was a lot of speeches from Mario Draghi and from the FOMC members. The ECB president reiterated the Central Bank’s position regarding the monetary policy. While a bigger number of FOMC members that spoke last week were expecting a tapering of the QE program in October, Evans said that he will not be surprised if Federal Reserve will continue not taking any action. Date Currency Forecast Previous MonSep 30 NZD Building Consents m/m -0.80% JPY Prelim Industrial Production m/m -0.20% 3.40% JPY Retail Sales y/y 1.10% -0.30% NZD ANZ Business Confidence 48.1 AUD Private Sector Credit m/m 0.40% 0.40% CNY HSBC Final Manufacturing PMI 51.2 51.2 EUR German Retail Sales m/m 0.90% -1.40% GBP Net Lending to Individuals m/m 1.6B 1.3B EUR CPI Flash Estimate y/y 1.30% 1.30% CAD GDP m/m 0.60% -0.50% CAD RMPI m/m 3.20% 4.20% USD Chicago PMI 54.5 53 TueOct 1 JPY Household Spending y/y 0.20% 0.10% JPY Tankan Manufacturing Index 7 4 JPY Tankan Non-Manufacturing Index 14 12 CNY Manufacturing PMI 51.6 51 AUD Retail Sales m/m 0.30% 0.10% JPY Average Cash Earnings y/y -0.20% 0.10% AUD Cash Rate 2.50% 2.50% AUD RBA Rate Statement EUR Spanish Manufacturing PMI 51.6 51.1 CHF SVME PMI 54.9 54.6 EUR Italian Manufacturing PMI 51.2 51.3 EUR German Unemployment Change -5K 7K GBP Manufacturing PMI 57.5 57.2 EUR Unemployment Rate 12.10% 12.10% USD ISM Manufacturing PMI 55.3 55.7 WedOct 2 AUD HIA New Home Sales m/m -4.70% AUD Building Approvals m/m -0.70% 10.80% AUD Trade Balance -0.45B -0.77B EUR Spanish Unemployment Change 12.3K 0.0K GBP Halifax HPI m/m 0.60% 0.40% GBP Construction PMI 60.1 59.1 EUR German 10-y Bond Auction 2.06|1.3 EUR Minimum Bid Rate 0.50% 0.50% USD ADP Non-Farm Employment Change 177K 176K EUR ECB Press Conference USD Crude Oil Inventories 2.6M USD FOMC Member Rosengren Speaks USD Fed Chairman Bernanke Speaks ThuOct 3 CNY Non-Manufacturing PMI 53.9 EUR Spanish Services PMI 50.9 50.4 EUR Italian Services PMI 49.3 48.8 GBP Services PMI 60.4 60.5 EUR Retail Sales m/m 0.30% 0.10% EUR French 10-y Bond Auction EUR Spanish 10-y Bond Auction 4.50|2.0 USD Unemployment Claims 315K 305K USD ISM Non-Manufacturing PMI 57.2 58.6 USD Factory Orders m/m 0.20% -2.40% USD FOMC Member Powell Speaks FriOct 4 JPY Monetary Policy Statement EUR German PPI m/m 0.10% -0.10% JPY BOJ Press Conference USD Non-Farm Employment Change 179K 169K USD Unemployment Rate 7.30% 7.30% USD Average Hourly Earnings m/m 0.20% 0.20% USD FOMC Member Dudley Speaks USD FOMC Member Stein Speaks CAD The calendar for next week will be full of important economic releases. On Monday Canada will publish its GDP. Tuesday Australia will have its Cash Rate and the monetary policy, from the Euro Area there will be published the Manufacturing PMIs for Italy and Spain and the unemployment rate. Wednesday (this time) the ECB will have its monetary policy and the press conference, and US will report the ADP. Thursday Great Britain will release its retail sales and US will publish its unemployment claims. On Friday BOJ will have its monetary policy and US will release the Non-Farm Employment Change. All these data will be accompanied by the debt ceiling discussions. We are expecting a week with high volatility on the Forex market. We recommend traders to adjust their strategy for the new conditions and keep an eye on the market news.