What To Expect For Next Week From The Forex Market May 30, 2022 investazor Last week the United States have avoided a default with several hours before the deadline. Because the government shutdown a lot of institutions did not work and the economic calendar suffered modifications and some of the usual indicators were not published. One of the most important is the Non-Farm Payrolls which should have been published in the first Friday of this month. Next week’s calendar looks something like this: Date Currency Impact Forecast Previous MonOct 21 JPY Trade Balance -1.06T -0.79T EUR German PPI m/m 0.10% -0.10% EUR German Buba Monthly Report USD FOMC Member Evans Speaks CAD Wholesale Sales m/m 0.60% 1.50% USD Existing Home Sales 5.31M 5.48M USD Crude Oil Inventories 3.4M 6.8M TueOct 22 GBP MPC Member Bean Speaks GBP Public Sector Net Borrowing 10.4B 11.5B CAD Core Retail Sales m/m 0.20% 1.00% CAD Retail Sales m/m 0.30% 0.60% USD Non-Farm Employment Change 179K 169K USD Unemployment Rate 7.30% 7.30% USD Average Hourly Earnings m/m 0.20% 0.20% WedOct 23 AUD CB Leading Index m/m 0.30% AUD CPI q/q 0.80% 0.40% AUD Trimmed Mean CPI q/q 0.70% 0.50% GBP MPC Asset Purchase Facility Votes 0-0-9 0-0-9 GBP MPC Official Bank Rate Votes 0-0-9 0-0-9 GBP BBA Mortgage Approvals 39.4K 38.2K USD Import Prices m/m 0.30% 0.00% EUR Belgian NBB Business Climate -4.1 -6.7 CAD BOC Rate Statement CAD Overnight Rate 1.00% 1.00% CAD BOC Monetary Policy Report USD Crude Oil Inventories CAD BOC Press Conference ThuOct 24 NZD Trade Balance -677M -1191M CNY HSBC Flash Manufacturing PMI 50.5 50.2 AUD RBA Deputy Gov Lowe Speaks EUR French Flash Manufacturing PMI 50.3 49.8 EUR French Flash Services PMI 51.2 51 EUR Spanish Unemployment Rate 26.10% 26.30% EUR German Flash Manufacturing PMI 51.6 51.1 EUR German Flash Services PMI 53.8 53.7 EUR Flash Manufacturing PMI 51.4 51.1 EUR Flash Services PMI 52.3 52.2 GBP CBI Industrial Order Expectations 10 9 USD Unemployment Claims 341K 358K USD Flash Manufacturing PMI 52.8 52.8 USD New Home Sales 427K 421K USD JOLTS Job Openings 3.77M 3.69M GBP BOE Gov Carney Speaks FriOct 25 JPY Tokyo Core CPI y/y 0.40% 0.20% EUR German Ifo Business Climate 108.2 107.7 EUR M3 Money Supply y/y 2.30% 2.30% GBP Prelim GDP q/q 0.80% 0.70% USD Core Durable Goods Orders m/m 0.60% -0.10% USD Durable Goods Orders m/m 1.70% 0.10% USD As you can see next week for the United States there are the following indicators scheduled to be published: On Monday Existing Home Sales and Crude Oil Invetories; Tuesday Non-Farm Payrolls and Unemployment Rate; Wednesday again Crude Oil Invetories; Thursday the Unemployment Claims and New Home Sales and Friday the Core Durable Goods Orders. But that is not all. In the calendar there can also be found the Manufacturing PMIs for Germany and China, also the Monetary Policy Meeting for Canada and the German Ifo Business Climate.