Great attention was paid to the prospects worsening of growth for Asia and Europe, but a multitude of highly significant data of the United States at the end of the week will steal the spotlight, would it momentarily. However, with the recent comment by Federal Reserve, poor prints this week might further quantitative easing.
05/29 Tuesday / / 12: 00 GMT: EUR German Consumer Price Index (may P)
Pressure on prices in the largest economy in Europe seem to stabilize, with the release of may Consumer Price Index preliminary little change of figures from April. According to a Bloomberg News study, on a monthly basis, prices contracted by 0.1% in May (on a harmonized European Union unchanged price adjustment, m/m); on an annual basis, the CPI is stable to 2.1 per cent in May (on a harmonized European Union fit, unchanged price 2.2% y/y). European leaders have called for more action to help the nations who have difficulties of periphery, but the rate of interest by the European Central Bank is not removed because of fears of inflation in Germany. A low footprint will likely support the EUR; a strong impression will indicate the ECB is unlikely to adjust its policy and is thus negative for the EUR the key pair to monitor is EURGBP.
05/31 Thursday / / 12 h 30 GMT: gross domestic product of the United States USD (1 q S)
The second version of the headline quarter growth first reading in the United States will be disappointing. The Thursday report is expected to show that US GDP grew at a modest rate of 1.9% in the first quarter, decline in initial reading of 2.2 per cent. It is also not surprising in view of the fact that two of the largest trading partners of the United States - China and the - the euro faced down expectations for growth through the first months of the year. In light of the recent comments by Federal Reserve officials, it is clear that a third round of quantitative easing - the program which inflates the prices of assets, that the yields of the Treasury Board and dilutes the U.S. Dollar - is very much on the table. A low footprint could trigger a speculation more QE is on the way, which will be negative for the USD. a strong impression will keep the Fed on the sidelines, which will be positive for the USD. The key pair to monitor is USDJPY.
06/01 Friday / / 01: 00 GMT: Chinese Yuan PMI manufacturing (may)
Data on China's growth during the last few weeks have been largely disappointing, and report manufacturing may do little to address these concerns. According to a Bloomberg News study, the PMI manufacturing index will be 51.9 53.3 in April. This would be the biggest decline in a month-(1.4) since November-December 2010-(1.3). The preliminary reading of the private sector, HSBC PMI Flash, came to 48.7 for may, which suggests that a disappointment is indeed on the horizon. A low footprint will be bearish the AUD and NZD; a strong impression will be bullish for the AUD and the NZD. Key pairs to monitor are AUDJPY and NZDJPY.
06/01 Friday / / 12 h 30 GMT: USD non-farm payroll report and the unemployment rate (may)
It is the most important event on the record this week. After an unusually warm winter in which the US economy was on average employment growth of 246 K from December to February, growth in employment over the past months has been poor, with an average of 134.5 k in March and April. The period of seasonal reaction appears, with economists forecasting growth of 150 K in May. This could be helped by the growth of the wage of 160 K. As a result, the unemployment rate is planned to 8.1%. If the employment growth starts to pick up back - which is probably recent data market work weekly and monthly releases - while the Federal Reserve is likely to move away another package QE. A key aspect of the report to monitor is the participation rate, which is currently a minimum of three years. A low footprint could trigger a speculation more QE is on the way, which will be negative for the USD. a strong impression will keep the Fed on the sidelines, which will be positive for the USD. The key pair to monitor is USDJPY.
06/01 Friday / / 14: 00 GMT: USD ISM manufacturing report (may)
Manufacturing activity in the United States has continued to rise in may, according to the estimates provided by Bloomberg News. According to a survey, may Manufacturing ISM index shows expansion to 53.8, but below the April reading of 54.8. Read more 50.0 signals of growth; Thus, may report should show good growth at a slower pace. However, this would be the third consecutive reading above 53.0, a series that has not taken place since April-June 2011, when the index showed the prints of 59.7 (April), 54.2 (may) and 55.8 (June). In light of the recent comments by Federal Reserve officials, it is clear that a third round of quantitative easing - the program which inflates the prices of assets, that the yields of the Treasury Board and dilutes the U.S. Dollar - is very much on the table. A low footprint could trigger a speculation more QE is on the way, which will be negative for the USD. a strong impression will keep the Fed on the sidelines, which will be positive for the USD. The key pair to monitor is USDJPY.
Rate of probabilities of hiking / expectations of base Points
See DailyFX calendar for a full list, calendar and the forecast for the next few economic indicators consensus.
05/29 Tuesday / / 12: 00 GMT: EUR German Consumer Price Index (may P)
Pressure on prices in the largest economy in Europe seem to stabilize, with the release of may Consumer Price Index preliminary little change of figures from April. According to a Bloomberg News study, on a monthly basis, prices contracted by 0.1% in May (on a harmonized European Union unchanged price adjustment, m/m); on an annual basis, the CPI is stable to 2.1 per cent in May (on a harmonized European Union fit, unchanged price 2.2% y/y). European leaders have called for more action to help the nations who have difficulties of periphery, but the rate of interest by the European Central Bank is not removed because of fears of inflation in Germany. A low footprint will likely support the EUR; a strong impression will indicate the ECB is unlikely to adjust its policy and is thus negative for the EUR the key pair to monitor is EURGBP.
05/31 Thursday / / 12 h 30 GMT: gross domestic product of the United States USD (1 q S)
The second version of the headline quarter growth first reading in the United States will be disappointing. The Thursday report is expected to show that US GDP grew at a modest rate of 1.9% in the first quarter, decline in initial reading of 2.2 per cent. It is also not surprising in view of the fact that two of the largest trading partners of the United States - China and the - the euro faced down expectations for growth through the first months of the year. In light of the recent comments by Federal Reserve officials, it is clear that a third round of quantitative easing - the program which inflates the prices of assets, that the yields of the Treasury Board and dilutes the U.S. Dollar - is very much on the table. A low footprint could trigger a speculation more QE is on the way, which will be negative for the USD. a strong impression will keep the Fed on the sidelines, which will be positive for the USD. The key pair to monitor is USDJPY.
06/01 Friday / / 01: 00 GMT: Chinese Yuan PMI manufacturing (may)
Data on China's growth during the last few weeks have been largely disappointing, and report manufacturing may do little to address these concerns. According to a Bloomberg News study, the PMI manufacturing index will be 51.9 53.3 in April. This would be the biggest decline in a month-(1.4) since November-December 2010-(1.3). The preliminary reading of the private sector, HSBC PMI Flash, came to 48.7 for may, which suggests that a disappointment is indeed on the horizon. A low footprint will be bearish the AUD and NZD; a strong impression will be bullish for the AUD and the NZD. Key pairs to monitor are AUDJPY and NZDJPY.
06/01 Friday / / 12 h 30 GMT: USD non-farm payroll report and the unemployment rate (may)
It is the most important event on the record this week. After an unusually warm winter in which the US economy was on average employment growth of 246 K from December to February, growth in employment over the past months has been poor, with an average of 134.5 k in March and April. The period of seasonal reaction appears, with economists forecasting growth of 150 K in May. This could be helped by the growth of the wage of 160 K. As a result, the unemployment rate is planned to 8.1%. If the employment growth starts to pick up back - which is probably recent data market work weekly and monthly releases - while the Federal Reserve is likely to move away another package QE. A key aspect of the report to monitor is the participation rate, which is currently a minimum of three years. A low footprint could trigger a speculation more QE is on the way, which will be negative for the USD. a strong impression will keep the Fed on the sidelines, which will be positive for the USD. The key pair to monitor is USDJPY.
06/01 Friday / / 14: 00 GMT: USD ISM manufacturing report (may)
Manufacturing activity in the United States has continued to rise in may, according to the estimates provided by Bloomberg News. According to a survey, may Manufacturing ISM index shows expansion to 53.8, but below the April reading of 54.8. Read more 50.0 signals of growth; Thus, may report should show good growth at a slower pace. However, this would be the third consecutive reading above 53.0, a series that has not taken place since April-June 2011, when the index showed the prints of 59.7 (April), 54.2 (may) and 55.8 (June). In light of the recent comments by Federal Reserve officials, it is clear that a third round of quantitative easing - the program which inflates the prices of assets, that the yields of the Treasury Board and dilutes the U.S. Dollar - is very much on the table. A low footprint could trigger a speculation more QE is on the way, which will be negative for the USD. a strong impression will keep the Fed on the sidelines, which will be positive for the USD. The key pair to monitor is USDJPY.
Rate of probabilities of hiking / expectations of base Points
See DailyFX calendar for a full list, calendar and the forecast for the next few economic indicators consensus.
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