{"id":8553,"date":"2024-05-27T06:40:51","date_gmt":"2024-05-27T06:40:51","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=8553"},"modified":"2024-05-27T06:40:53","modified_gmt":"2024-05-27T06:40:53","slug":"weekly-overview-2024-05-27","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/ro\/analytics\/weekly-overview-2024-05-27\/","title":{"rendered":"Week&#8217;s main events (May 27 \u2013 May 31)"},"content":{"rendered":"\r\n<div class=\"ag-base_page ag-m-format-container\">\r\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (May 27 \u2013 May 31)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n <p class=\"ag-analytics_text\">\r\nThis week promises to be less volatile. The main focus of investors will be on inflation data. In the US, the PCE Price Index report will be released, which FOMC policymakers consider more accurate than CPI. A slight increase is expected, but the markets are already priced in the fact that the US Fed will postpone the first rate cut to the fall, so this data may not have much impact on volatility. The Eurozone and Australia will also publish inflation reports. Inflationary pressures are expected to continue to decline in Australia, while in the Eurozone, they are expected to remain unchanged. Tokyo&#8217;s inflation data, released on Friday, will be closely watched as markets try to determine when the Bank of Japan might raise rates next.\r\n  <\/p>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Monday, May&#160;27\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nNo major news is expected on Monday. At the European session, the main report will be the data on the German business climate from the Ifo Institute. A slight increase in the index is expected. The rest of the day will be weakly volatile as the UK and US have a bank holiday.\r\n  <\/div>\r\n  \r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 German Ifo Business Climate Index&#160;(m\/m) at&#160;11:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Harker Speaks at&#160;20:45&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n  \r\n  <div class=\"ag-analytics_title\">\r\n    Tuesday, May&#160;28\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nTuesday&#8217;s main event will be Australia&#8217;s retail sales report. The growth of the indicator generally positively affects the currency. Also, on Tuesday, traders should pay attention to the report on consumer confidence in the United States. It is expected to decline, which may negatively impact the US dollar.\r\n  <\/div>\r\n\r\n   <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Retail Sales&#160;(m\/m) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Bowman Speaks at&#160;07:55&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Mester Speaks at&#160;07:55&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland SNB Board Jordan Speaks at&#160;07:55&#160;(GMT+3);<\/li>\r\n<li>\u2013 US CB Consumer Confidence&#160;(m\/m) at&#160;17:00&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Wednesday, May&#160;29\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Wednesday, Australia will publish inflation data. Analysts forecast a slight decrease in inflationary pressures. However, volatility in currency pairs with the Australian dollar will increase. Germany will also publish their inflation data. Recent trends pointed to rising inflationary pressures in the country. Therefore, rising inflation will increase the likelihood that the ECB will not be in a hurry to cut rates after the June meeting.\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Consumer Price Index&#160;(m\/m) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 German GfK Consumer Climate&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Consumer Price Index&#160;(m\/m) at&#160;15:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Williams Speaks at&#160;20:45&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Thursday, May&#160;30\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThursday will be full of economic news. The main report will be the preliminary data on US GDP, which is expected to show&#160;1.3% growth for the quarter, down from&#160;1.6% in the previous month. This may be negative for the US dollar. Eurozone unemployment data should also not be missed. But here, it will be unchanged. Also, on Thursday, data on crude oil and natural gas reserves will be published, increasing volatility on these instruments. \r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 US FOMC Member Bostic Speaks at&#160;02:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland GDP&#160;(q\/q) at&#160;10:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland KOF Leading Indicators&#160;(m\/m) at&#160;10:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Unemployment Rate&#160;(m\/m) at&#160;12:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Initial Jobless Claims&#160;(w\/w) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US GDP&#160;(q\/q) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Pending Home Sales&#160;(m\/m) at&#160;17:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Natural Gas Storage&#160;(w\/w) at&#160;17:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Crude Oil Reserves&#160;(w\/w) at&#160;18:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Member Williams Speaks at&#160;19:05&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Friday, May&#160;31\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe most essential Friday release is the US PCE Price Index. This data can trigger increased volatility in the market, and the Fed also considers this indicator to adjust monetary policy. The data is expected to show a&#160;0.2% month-on-month increase. However, as markets have already priced at a late rate hike, the dollar may not get support from the data. Traders should also not miss the Eurozone inflation report. Economists expect Eurozone inflation to rise by&#160;2.5% y\/y in May, up from&#160;2.4% in April, with core inflation remaining at&#160;2.7%. Also, on Friday, China will publish official PMIs for manufacturing and non-manufacturing. Economists expect the business activity index in the manufacturing sector to remain just above the&#160;50 mark in May. Beijing has set an ambitious economic growth target of around&#160;5% this year, which many analysts believe will be difficult to achieve.\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan Tokyo Core CPI&#160;(m\/m) at&#160;02:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan Unemployment Rate&#160;(m\/m) at&#160;02:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan Retail Sales&#160;(m\/m) at&#160;02:50&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan Industrial Production&#160;(m\/m) at&#160;02:50&#160;(GMT+3);<\/li>\r\n<li>\u2013 China Manufacturing PMI&#160;(m\/m) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 China non-Manufacturing PMI&#160;(m\/m) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 New Zealand Annual Budget Release at&#160;05:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Retail Sales&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland Retail Sales&#160;(m\/m) at&#160;09:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Consumer Price Index&#160;(m\/m) at&#160;12:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Core PCE Index&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada GDP&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Chicago PMI&#160;(m\/m) at&#160;16:45&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2024.05.27<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\n          We advise you to get acquainted with the daily forecasts for the major currency pairs.\r\n        <\/a--> <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/ro\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (May 27 \u2013 May 31) This week promises to be less volatile. The main focus of investors will be on inflation data. In the US, the PCE Price Index report will be released, which FOMC policymakers consider more accurate than CPI. A slight increase is expected, but &#8230;<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[238,333],"tags":[],"class_list":["post-8553","post","type-post","status-publish","format-standard","hentry","category-analytics","category-market-overview"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/posts\/8553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/comments?post=8553"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/posts\/8553\/revisions"}],"predecessor-version":[{"id":8560,"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/posts\/8553\/revisions\/8560"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/media?parent=8553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/categories?post=8553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/tags?post=8553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}