Economic Calendar Overview: May 29 – June 2

In the upcoming week, several important economic releases could greatly affect financial markets, particularly the US dollar. The main focus will be on employment data and inflation readings. Here are the key economic news and data releases coming up next week:

Wednesday

The US is anticipating Consumer Confidence data to be released with a forecasted reading of 99.0, which is lower than the previous reading of 101.3. This may negatively impact the US dollar.

Also, the Chinese Manufacturing PMI is expected to have a positive reading of 51.0, an increase from the previous reading of 49.0.

Additionally, Wednesday will mark the release of JOLTs job openings, the first employment-related data, with a forecasted increase to 9.77 million from the previous 9.590 million. This is expected to have a positive effect on the dollar.

Thursday

It is anticipated that Eurozone CPI inflation figures will remain consistent at approximately 7.0%.

Additionally, the US economy will release its ADP private payrolls report on the same day.

Friday

The US nonfarm payrolls report is expected to show an increase of 180k jobs, which is lower than the previous 253k. The unemployment rate is also expected to increase from 3.4% to 3.5%. These reports may have a negative impact on the US dollar, causing it to decline against other currencies.

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