The past week on global markets was marked by a wave of macroeconomic data (particularly from the U.S.), which had the potential to sway markets and shape the decisions of traders and investors.
Eurozone:
● 8:00 a.m. GMT: Manufacturing Purchasing Managers' Index (PMI) (June). Actual figure: 49.4 / Forecast: 49.6 / Previous: 49.4.
● 8:00 a.m. GMT: Services Purchasing Managers' Index (PMI) (June). Actual figure: 50.0 / Forecast: 50.0 / Previous: 49.7.
United States:
● 14:00 a.m. GMT: Services PMI (June). Actual figure: 53.1 / Forecast: 52.9 / Previous: 53.7. The reading exceeded expectations, reflecting resilience in the U.S. services sector and providing support to the USD.
● 14:00 a.m. GMT: Existing Home Sales (May). Actual figure: 4.03M / Forecast: 3.96M / Previous: 4.00M. The stronger-than-expected data pointed to stability in the housing market and was a positive sign for the USD.
Canada:
● 12:30 a.m. GMT: Consumer Price Index (CPI) (Month-over-Month) (May). Actual figure: 0.6% / Forecast: 0.5% / Previous: -0.1%. Canadian inflation rose more than projected, offering support to the Canadian dollar.
United States:
● 14:00 a.m. GMT: CB Consumer Confidence (June). Actual figure: 93.0 / Forecast: 99.4 / Previous: 98.4.
United States:
● 14:00 a.m. GMT: New Home Sales (May). Actual figure: 623K / Forecast: 694K / Previous: 722K. The significantly weaker figure sent bearish signals for both the housing market and the USD.
● 14:30 a.m. GMT: Crude Oil Inventories. Actual figure: -5.836M / Forecast: -1.200M / Previous: -11.473M.
United States:
● 12:30 a.m. GMT: GDP (Quarter-over-Quarter) (Q1). Actual figure: -0.5% / Forecast: -0.2% / Previous: 2.4%.
● 12:30 a.m.: Initial Jobless Claims. Actual figure: 236K / Forecast: 244K / Previous: 246K. The better-than-forecast number reflected ongoing labor market strength and lent support to the USD.
Japan:
● 23:30 p.m. GMT: Tokyo Core CPI (Year-over-Year) (June). Actual: 3.1% / Forecast: 3.3% / Previous: 3.6%.
United States:
● 12:30 GMT: Core PCE Price Index (Year-over-Year) (May). Actual: 2,3% / Forecast: 2.6% / Previous: 2.5%. This is the Federal Reserve’s key inflation gauge. Any significant deviation from expectations may spark volatility and influence rate outlooks.
Canada:
● 12:30 a.m. GMT: GDP (Month-over-Month) (April). Actual: -0,2% / Forecast: 0.0% / Previous: 0.1%. Growth is anticipated to slow. A weaker-than-expected print could weigh on the Canadian dollar.
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