Markets will face a heavy load of high-impact economic data highlighed by the US and Canada jobs report on Friday, and central bank events next week. The Bank of Canada and European Central Bank are expected to cut rates next week.

Monday, June 2

  • 10:00am (US) – ISM Manufacturing PMI (Forecast: 49.3 | Prior: 48.7)

  • 1:00pm (US) – Fed Chair Powell Speaks

Tuesday, June 3

  • 2:30am (CHF) – CPI m/m (Forecast: 0.2% | Prior: 0.0%)

  • TBD (JPY) – BOJ Governor Ueda Speaks

  • 10:00am (US) – JOLTS Job Openings (Prior: 7.19M)

  • 9:30pm (AUD) – GDP q/q (Forecast: 0.4% | Prior: 0.6%)

Wednesday, June 4

  • 8:15am (US) – ADP Non-Farm Employment Change (Forecast: 110K | Prior: 62K)

  • 9:45am (CAD) – Bank of Canada Rate Statement

  • 9:45am (CAD) – Overnight Rate Decision (Forecast: 2.50% | Prior: 2.75%)

  • 10:00am (US) – ISM Services PMI (Forecast: 52.0 | Prior: 51.6)

  • 10:30am (CAD) – BoC Press Conference

Thursday, June 5

  • 8:15am (EUR) – ECB Main Refinancing Rate (Forecast: 2.15% | Prior: 2.40%)

  • 8:15am (EUR) – ECB Monetary Policy Statement

  • 8:30am (US) – Weekly Unemployment Claims (Forecast: 232K | Prior: 240K)

  • 8:45am (EUR) – ECB Press Conference

Friday, June 6

  • 8:30am (CAD) – Employment Change (Forecast: 7.4K)

  • 8:30am (CAD) – Unemployment Rate (Forecast: 6.9%)

  • 8:30am (US) – Average Hourly Earnings m/m (Forecast: 0.3% | Prior: 0.2%)

  • 8:30am (US) – Non-Farm Payrolls (Forecast: 130K | Prior: 177K)

  • 8:30am (US) – Unemployment Rate (Forecast: 4.2%)

Source: Forex Live