What To Expect From The Economic Calendar For Next Week May 30, 2022 investazor A pretty interesting week has ended. The data published for Great Britain was mixed, both manufacturing and construction PMI’s came under estimates, but the services PMI was in line with the expectations. The Chinese Manufacturing PMI was 51.1, under the forecasted value and the Canadian GDP did not surprise the markets. From the Euro Area the Unemployment rate was 12.00% and the retail sales are up 0.4%, but the ECB remained dovish with their monetary policy. The Euro gained some trust during the ECB’s press conference, but the impulse came from the fact that Letta got the vote in Italy. United States published an ADP under estimates with 11K, but the unemployment claims rise only with 308K. The Non-Farm Payroll was scheduled for Friday, but because of the partial shutdown it was deleted from the FX calendar. For next week we are expecting: Date Currency Forecast Previous MonOct 7 CHF Foreign Currency Reserves 434.2B CAD Building Permits m/m -2.40% 20.70% TueOct 8 NZD NZIER Business Confidence 32 GBP BRC Retail Sales Monitor y/y 1.80% JPY Current Account 0.65T 0.33T AUD ANZ Job Advertisements m/m -2.00% AUD NAB Business Confidence 6 EUR German Trade Balance 15.1B 14.5B CHF CPI m/m 0.20% -0.10% CHF Retail Sales y/y 1.70% 0.80% EUR German Factory Orders m/m 1.20% -2.70% CAD Trade Balance -0.7B -0.9B CHF SNB Chairman Jordan Speaks WedOct 9 AUD Westpac Consumer Sentiment 4.70% JPY Monetary Policy Meeting Minutes GBP Manufacturing Production m/m 0.30% 0.20% GBP BOE Credit Conditions Survey GBP Trade Balance -8.9B -9.9B EUR German Industrial Production m/m 1.10% -1.70% GBP NIESR GDP Estimate 0.90% USD FOMC Member Evans Speaks USD Crude Oil Inventories 5.5M USD 10-y Bond Auction 2.95|2.9 USD FOMC Meeting Minutes ThuOct 10 NZD Business NZ Manufacturing Index 57.5 EUR ECB President Draghi Speaks JPY Core Machinery Orders m/m 2.90% 0.00% JPY Tertiary Industry Activity m/m 0.50% -0.40% AUD MI Inflation Expectations 1.50% AUD Employment Change 15.2K -10.8K AUD Unemployment Rate 5.80% 5.80% CNY New Loans 669B 711B EUR French Industrial Production m/m 0.70% -0.60% EUR ECB Monthly Bulletin GBP Asset Purchase Facility 375B 375B GBP Official Bank Rate 0.50% 0.50% GBP MPC Rate Statement CAD NHPI m/m 0.30% 0.20% USD Unemployment Claims 307K 308K USD FOMC Member Bullard Speaks JPY BOJ Gov Kuroda Speaks EUR ECB President Draghi Speaks FriOct 11 CAD Employment Change 15.3K 59.2K CAD Unemployment Rate 7.10% 7.10% USD Prelim UoM Consumer Sentiment 77.2 77.5 CAD BOC Business Outlook Survey USD FOMC Member Powell Speaks CHF Gov Board Member Danthine Speaks CAD Gov Council Member Murray Speaks SatOct 12 CNY Trade Balance 25.2B 28.5B ALL IMF Meetings EUR German Buba President Weidmann Speaks JPY BOJ Gov Kuroda Speaks As you can see the most important indicators that will be published during next week are the Canadian Trade Balance, Great Britain’s Manufacturing Production and monetary policy. Australia and Canada will publish their labor market data. From the Euro Area Mario Draghi will have a speech and the United States will release the FOMC meeting minutes.