Week Ahead | COVID-19, Trump, and a Busy Economic Calendar in Focus

29th June 2020 - 3rd July 2020

Monday

• USD             Pending Home Sales (MoM) (May)
• CNY             Manufacturing PMI (Jun)    

Early morning United State will release the the pending home sales for the month of May. A higher figure will provoke USD to increase.This will be followed by Manufacturing PMI from China which will provides an early indication each month of economic activities in the Chinese manufacturing sector for the month of June.

 

Tuesday                                                                                 

• GBP GDP (QoQ) (Q1)
• EUR CPI (YoY) (Jun)
• CAD GDP (MoM) (Apr)
• USD CB Consumer Confidence (Jun)
• JPY Tankan Large Manufacturers Index (Q2), Tankan Large Non-Manufacturers Index (Q2)
• CNY Caixin Manufacturing PMI (Jun)

Important day for United Kingdom as there will release their quarterly and yearly GDP. Next up will be CPI from Euro zone.

Next up will be GDP from Canada and consumer confidence for June form the United States. This will be followed by Tankan Large Manufacturers Index and Tankan Large Non-Manufacturers Index from Japan for the Q2. Day will end with Caixin Manufacturing PMI from China.

 

Wednesday

• Holiday         Hong Kong - Hong Kong Special Administrative Region Establishment             
• Holiday         Canada - Canada Day
• Holiday         Russia - Non Trading Day
• EUR             German Manufacturing PMI (Jun), German Unemployment Change (Jun)
• GBP             Manufacturing PMI (Jun)
• USD             ADP Nonfarm Employment Change (Jun), ISM Manufacturing PMI (Jun), Crude Oil Inventories, FOMC Meeting Minutes

Day will be full of holidays from Hong kong, Canada and Russia. First up will be German Manufacturing PMI, and German Unemployment Change from the Eurozone. Next will the Manufacturing PMI from the United Kingdom. This will be followed ADP Nonfarm Employment Change, ISM Manufacturing PMI, Crude Oil Inventories and FOMC Meeting Minutes from the United.

 

Thursday

• USD Initial Jobless Claims, Nonfarm Payrolls (Jun), Unemployment Rate (Jun)
• AUD Retail Sales (MoM) (May)

Busy day for forex market as key reports on Initial Jobless Claims, Nonfarm Payrolls and Retail Sales from United States is expected to come. Australia will release Retail Sales which is a good measure of the confidence of consumers.

 

Friday

• Holiday    United States - Independence Day
• GBP Services PMI (Jun), Composite PMI (Jun)

Busy end to an eventful week where Services PMI and Composite PMI will be the main focus of the day while the United State will be having their Independence Day.