The US dollar managed to recover in the last full week of May. As the page turns into June, we have a buildup to the Non-Farm Payrolls, consumer confidence, and the Fed’s favorite inflation figure. Here are the highlights for the upcoming week.
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- US Core PCE Price Index: Tuesday, 12:30. A monthly rise of 0.1% is expected.
- CB Consumer Confidence: Tuesday, 14:00. A small drop to 120.1 is on the cards.
- Euro-zone inflation figures: Wednesday, 9:00.
- Canadian GDP: Wednesday, 12:30. We now get the monthly figure for March which carries expectations for 0.3%.
- Chinese Caixin Manufacturing PMI: Thursday, 1:45. A score of 50.2 is expected now.
- US ADP Non-Farm Payrolls: Thursday, 12:15.
- US jobless claims: Thursday, 12:30. After standing at 234K, a tick up to 239K is expected.
- US ISM Manufacturing PMI; Thursday, 14:00. A similar score of 54.7 is on the cards.
- Crude Oil inventories: Thursday, 15:00.
- US Non-Farm Payrolls: Friday, 12:30. Expectations stand at 186K, an unemployment rate of 4.4% once again and a rise of 0.2% in hourly wages after 0.3% last month.
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