Next week two central banks meet and both are expected to cut rates.
- The Bank of Canada will announce their interest rate decision at 9:45 AM on Wednesday. They are expected to cut their rate to 4.75% from 5.0%. The last policy change was in July 2023 when they raise rates from 4.75% to 5.0%.
- The ECB is expected to cut their main financing rate to 4.25% from 4.5% at 8:15 AM ET. The last time the ECB changed rates was in September 2023
Other key events and releases next week include:
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Mon, Jun 3:
- 9:45 AM ET: USD Final Manufacturing PMI: Forecast 50.9, Previous : 50.9
- 10 AM ET: USD ISM Manufacturing PMI: Forecast 49.8, Previous: 49.2
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Tue, Jun 4:
- 2:30 AM ET: CHF CPI m/m: Forecast 0.4%, Previous: 0.3%
- 10 AM ET: USD JOLTS Job Openings: Forecast 8.40M, Previous : 8.49M
- 9:30 PM ET: AUD GDP q/q: Forecast 0.2%, Previous: 0.2%
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Wed, Jun 5:
- 8:15 AM ET USD ADP Non-Farm Employment Change:Forecast 175K, Previous: 192K
- 10 AM ET USD ISM Services PMI: Forecast: 51.0, Previous: 49.4
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Thu, Jun 6:
- 8:30 AM ET: USD Unemployment Claims: Forecast 215K, Previous: 219K
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Fri, Jun 7:
- 8:30 AM ET: CAD Employment Change: Previous 90.4K
- 8:30 AM ET: CAD Unemployment Rate: Previous 6.1%
- 8:30 AM ET: USD Average Hourly Earnings m/m: 0.3%, Previous: 0.2%
- 8:30 AM ET: USD Non-Farm Employment Forecast: 185K, previous: 175K
- 8:30 AM ET: USD Unemployment Rate: 3.9%, previous: 3.9%
This article was written by Greg Michalowski at www.forexlive.com.
