WEEKLY HIGH IMPACT NEWS: 30-MAY MONDAY
00:00 GB/US- Holiday 31-MAY TUESDAY
07:55 DE- Employment
09:00 EZ- flash HICP
12:30 US- Core PCE Deflator
13:45 US- Chicago PMI
14:00 US- Consumer Confidence 1-JUNE WEDNESDAY
00:30 AU- GDP
all day Global PMIs
18:00 US- Beige Book 2-JUNE THURSDAY
11:45 EZ- ECB
12:15 US- ADP
12:30 US Weekly Jobless
15:00 US- Crude 3-JUNE FRIDAY
all Day Global PMIs
12:30 US- Employment
12:30US/CA- Trade
Trading Themes --
For once Fed Chair Yellen did not disappoint the markets. On Friday she said that a rate
hike in "coming months" probably would be appropriate. I take "coming months" to mean June or July. Her statement gives her room to delay a hike should "Brexit" become an issue. Her comments came after many traders had given up hope for a policy statement.
The EURUSD has tested the psychological 1.1200 line early Friday, but then traded sharply lower close to the 1.1100 level after chair Yellen signalled a rate hike possibly as early as on June 15. There has been no doubt recently that the Fed wants to raise rates soon. Doubts only have been about timing.
Both Japanese National and Core CPI remain in contraction (-0.3% y/y) as of April. The latest data keep the pressure on the BOJ to take actions to lift the economy out of its persistent deflation.
John M.Bland MBA co-founder global-View.com
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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