28th May 2018 - 1st June 2018
It will be a light day with no significant reports released from any Major Markets with Holidays in US observed for Memorial Day & GBP will be Spring Break Holiday. • S&P/Case-Shiller Home Price Indices • JPY Unemployment Rate JPY Unemployment Rate high percentage indicates weakness in the labor market which influences the strength and direction of the Japanese economy The Standard & Poor's Case–Shiller Home Price Indices are repeat-sales house price indices for the United States. There is a strong perception across the globe that home prices are continuously increasing. In February of 2018, home values nationally jumped 6.3 percent in February compared with a year ago. In fact, prices nationally were 6.7 percent higher than their peak in July of 2006, but that does not account for inflation. • US Gross Domestic Product The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis is arguably the most important economic indicator of a country’s financial stability. Gross domestic product grew at a 2 percent annualized rate over the past three months. While the GDP gain may be the best for any first quarter since 2015, the softness is a reminder that the period remains plagued by data quirks the government is trying to remedy. • G7 Meeting • EU Inflation Report This is going to be a major day in terms of data releases, the most important of which will be the meeting of finance ministers and central bankers from 7 industrialized nations, known as the G7. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering policy shifts and meeting objectives is usually released after the meetings have concluded. Earlier on in the day prior to the G7 meeting, the Eurozone Unemployment rate is being released. Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. More importantly however, there is an expected 0.4% increase in the EU’s Core CPI (inflation) estimate. This is a major sign of recovery in the Eurozone. • GBP Manufacturing PMI • US Non-Farm Payrolls The final day of the trading week will also see the release of major data from the US and the UK. The GBP Manufacturing PMI is a survey of 600 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. An expected reading of 55.5 is well within the bullish spectrum. Finally, positive expectations are coming for the US with the release of the Statistics’ Non-Farm Payroll and Average Hourly Earnings reports. Both are leading indicator of consumer inflation in the United States, and the positive figures are good indicator for the continued bullish trend in the Dollar. The US unemployment figures will be released on the same day, and it will have a muted effect on USD because it is unchanged.Monday
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