The Week Ahead - Major Economic Events for May 29 - June 2


Kim Ming Lam


May 26, 2023



Min Read

TC Economic Insight - The Week Ahead (May 29 - June 2)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of May 29 - June 2:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We are focusing on major economies worldwide, e.g. the U.S., Canada, China, Australia, the Eurozone: 

U.S. Official Jobs Report for May, to be released on Friday (June 2), will be the market’s focus next week.

According to Trading Central's "Economic Insight", the U.S. economy may add 180,000 Nonfarm Payrolls in May (vs +253,000 in April), with the unemployment rate ticking up to 3.5%.

In the past 12 U.S. Official Jobs Reports, EUR/USD fell in 58% of times (7 out of 12 reports) within one hour from the report’s release, marking a trading range of 67.42 pips on average.

Other key economic data include:

Monday (May 29)

U.S. markets are closed for the Memorial Day holiday.

Tuesday (May 30)

Japan's Unemployment Rate is expected to be steady at 2.8% in April.

U.S. Conference Board Consumer Confidence Index may ease to 100.0 in May.

U.S. Dallas Fed Manufacturing Index is expected to fall to -25.0 in May.

Wednesday (May 31)

China's Official Manufacturing PMI is expected to rise to 49.8 in May.

China’s Official Non-manufacturing PMI may drop to 55.0 in May.

Japan's Retail Sales may grow 0.4% on month in April.

Japan’s Industrial Production is expected to drop 0.8% on month in April.

Germany’s Inflation Rate may cool down to 6.7% on year in May.

Germany’s Unemployment Rate is expected to be stable at 5.6%.

France’s Inflation Rate is expected to slow to 5.7% on year in May.

U.S. Chicago PMI is expected to decline to 47.3 in May.

Canada’s 1Q GDP is expected to grow at an annualized rate of 0.7% on quarter.

Thursday (June 1)

China’s Caixin Manufacturing PMI is expected to rise to 50.0 in May.

Germany’s Retail Sales may fall 6.0% on month in April.

The Eurozone’s Inflation Rate should cool down to 6.5% on year in May.

The Eurozone’s Unemployment Rate is expected to be stable at 6.5%.

U.S. ADP Private-Payroll Addition may slow to 200,000 in May. 

U.S. Initial Jobless Claims are expected to increase to 234,000.

U.S. ISM Manufacturing PMI may tick up to 48.0 in May.

Friday (June 2)

U.S. Nonfarm-Payroll Addition may slow to 180,000 in May.

U.S. Unemployment Rate is expected to edge up to 3.5% in May.

Happy Trading!

Source: Trading Central Economic Insight

Kim Ming Lam

Head of APAC Research
Ming graduated from Hong Kong University with a Bachelor's degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.
X (formerly Twitter) logo