On Your Mark, Get Set, GO! Volatility Start May 30, 2022 investazor The race of economic publications will start from the first day of the week. As we know, the beginning of the month will be dedicated to the monetary policy meetings and also to a very important series of macroeconomic releases. These will most likely raise the forex market volatility and that it is why it important to be very attentive. Calendar Date Currency Forecast Previous SunDec 1 CNY Manufacturing PMI 51.2 51.4 NZD Overseas Trade Index q/q 3.00% 4.90% MonDec 2 AUD AIG Manufacturing Index 53.2 AUD MI Inflation Gauge m/m 0.10% JPY Capital Spending q/y 3.10% 0.00% AUD Building Approvals m/m -4.30% 14.40% AUD Company Operating Profits q/q -0.80% CNY HSBC Final Manufacturing PMI 50.5 50.4 JPY BOJ Gov Kuroda Speaks AUD Commodity Prices y/y -1.00% EUR Spanish Manufacturing PMI 51.3 50.9 CHF SVME PMI 55.1 54.2 EUR Italian Manufacturing PMI 51.4 50.7 EUR Final Manufacturing PMI 51.5 51.5 GBP Manufacturing PMI 56.5 56 USD Fed Chairman Bernanke Speaks USD Final Manufacturing PMI 54.3 54.3 USD Construction Spending m/m 0.50% 0.60% USD ISM Manufacturing PMI 55.2 56.4 USD Construction Spending m/m 0.40% USD ISM Manufacturing Prices 55 55.5 TueDec 3 JPY Monetary Base y/y 47.20% 45.80% NZD ANZ Commodity Prices m/m 1.30% GBP BRC Retail Sales Monitor y/y 0.80% AUD Retail Sales m/m 0.40% 0.80% AUD Current Account -11.1B -9.4B CNY Non-Manufacturing PMI 56.3 JPY Average Cash Earnings y/y -0.20% AUD Cash Rate 2.50% 2.50% AUD RBA Rate Statement EUR Spanish Unemployment Change 44.3K 87.0K GBP Halifax HPI m/m 0.80% 0.70% GBP Construction PMI 59.3 59.4 EUR PPI m/m -0.10% 0.10% USD IBD/TIPP Economic Optimism 43.2 41.4 USD Total Vehicle Sales 15.8M 15.2M WedDec 4 AUD AIG Services Index 47.9 GBP BRC Shop Price Index y/y -0.50% AUD GDP q/q 0.70% 0.60% EUR Spanish Services PMI 50.7 49.6 EUR Italian Services PMI 51.2 50.5 EUR Final Services PMI 50.9 50.9 ALL OPEC Meetings GBP Services PMI 62.1 62.5 EUR Retail Sales m/m 0.20% -0.60% EUR Revised GDP q/q 0.10% 0.10% USD ADP Non-Farm Employment Change 174K 130K CAD Trade Balance -0.7B -0.4B USD Trade Balance -40.3B -41.8B CAD BOC Rate Statement CAD Overnight Rate 1.00% 1.00% USD ISM Non-Manufacturing PMI 55.4 55.4 USD New Home Sales 432K USD New Home Sales 427K 421K USD Crude Oil Inventories 3.0M USD Beige Book ThuDec 5 AUD Trade Balance -0.33B -0.28B JPY 10-y Bond Auction 0.61|3.7 GBP Autumn Forecast Statement GBP Asset Purchase Facility 375B 375B GBP Official Bank Rate 0.50% 0.50% GBP MPC Rate Statement USD Challenger Job Cuts y/y -4.20% EUR Minimum Bid Rate 0.25% 0.25% CAD Building Permits m/m 2.40% 1.70% EUR ECB Press Conference USD Prelim GDP q/q 3.10% 2.80% USD Unemployment Claims 322K 316K USD Prelim GDP Price Index q/q 1.90% 1.90% CAD Ivey PMI 60.2 62.8 USD Factory Orders m/m -0.70% 1.70% USD Natural Gas Storage -13B FriDec 6 AUD AIG Construction Index 54.4 JPY Leading Indicators 109.90% 109.20% EUR French Gov Budget Balance -80.8B EUR French Trade Balance -5.1B -5.8B CHF Foreign Currency Reserves 434.7B CHF CPI m/m -0.10% -0.10% GBP Consumer Inflation Expectations 3.20% EUR German Factory Orders m/m -0.40% 3.30% CAD Employment Change 7.6K 13.2K CAD Unemployment Rate 7.00% 6.90% CAD Labor Productivity q/q 0.50% 0.50% USD Non-Farm Employment Change 184K 204K USD Unemployment Rate 7.20% 7.30% USD Average Hourly Earnings m/m 0.20% 0.10% USD Core PCE Price Index m/m 0.10% 0.10% USD Personal Spending m/m 0.40% 0.20% USD Personal Income m/m 0.30% 0.50% USD Prelim UoM Consumer Sentiment 76.2 75.1 USD Prelim UoM Inflation Expectations 2.90% USD FOMC Member Evans Speaks USD Consumer Credit m/m 14.6B 13.7B SatDec 7 JPY BOJ Gov Kuroda Speaks On Monday Kuroda and Ben Bernanke are scheduled to speak, Australia will release the Building Approvals, UK the Manufacturing PMI and US the ISM Manufacturing. Tuesday Reserve Bank of Australia will announce the Cash Rate which will be followed by a statement. Wednesday the eyes of the investors will be on the Australian GDP; Services PMI for UK; Trade Balance and Overnight rate for Canada; Trade Balance, ISM Non-Manufacturing, New Home Sales and maybe the most important the ADP Non-Farm Payrolls for the United States. Thursday will be a very heavy day. Bank of England will announce their monetary policy with the Asset Purchases and the Official Bank Rate followed by a statement. The ECB will have the monetary policy followed by the press conference and the United States will release the Prelim GDP for the past quarter and the Unemployment Claims. But the race is not over without Friday, when Canada will publish some labor market data and the United States will release the Unemployment Rate, Non-Farm Payrolls and not to forget about the Prelim UoM Consumer Sentiment.