Henry Liu
Former FPA Special Consultant
- Messages
- 473
The economy struggled to maintain any consistency last week as global manufacturing dropped significantly across the globe due to weak demand amidst high energy costs. U.S. consumer confidence remained low according to the Bureau of Labor Statistics. They also reported a dismal Nonfarm payroll release. Yet, the U.S. reported a positive ISM Non Manufacturing PMI release which indicates that purchasers remain optimistic for the summer.
Canada’s Feb. GDP was revised to -.1% from -.2%, and Mar. GDP came out at +0.3%. Still, BOC policymakers decided to hold on interest rate hikes but are focusing on the medium term outlook as economic progress remains on an optimistic trend.
Here are the most important trade release for next week:
1. Monday June 6, 2011- 10:00am- CA IVEY PMI
Historical Chart and Data
2. Tuesday June 7, 2011- 12:30am- AU RBA Interest Rate
Historical Chart and Data
3. Wednesday June 8, 2011- 5:00 pm- NZ Interest Rate
Historical Chart and Data
4. Wednesday June 8, 2011- 9:30 pm- AU Employment Change
Historical Chart and Data
5. Thursday June 9, 2011- 7:00am- UK Interest Rate
Historical Chart and Data
6. Thursday June 9, 2011- 7:45am- EU Interest Rate
Historical Chart and Data
7. Thursday June 9, 2011- 8:30am- ECB Rate Statement / Trichet Press
Conference
Historical Chart and Data
8. Friday June 10, 2011- 7:00am- CA Employment Change
Historical Chart and Data
In the Pacific, Australian and New Zealand policymakers are expected to hold on interest rate hikes after a steady month economic progress. New Zealand reported strong export numbers as a result of record high commodity prices such as dairy, meat, and wood. The UK will also look to hold interest rates at .50%. CAD may be well supported pending Ivey PMI release early in the week following an improvement in the monthly GDP report.
The most important news of the week will be on Thursday when the ECB press conference is held. Rates are expected to remain at 1.25% as Euro Zone members face further sovereign debt concerns for Greece and other peripheral members.
Thanks,
Canada’s Feb. GDP was revised to -.1% from -.2%, and Mar. GDP came out at +0.3%. Still, BOC policymakers decided to hold on interest rate hikes but are focusing on the medium term outlook as economic progress remains on an optimistic trend.
Here are the most important trade release for next week:
1. Monday June 6, 2011- 10:00am- CA IVEY PMI
Historical Chart and Data
2. Tuesday June 7, 2011- 12:30am- AU RBA Interest Rate
Historical Chart and Data
3. Wednesday June 8, 2011- 5:00 pm- NZ Interest Rate
Historical Chart and Data
4. Wednesday June 8, 2011- 9:30 pm- AU Employment Change
Historical Chart and Data
5. Thursday June 9, 2011- 7:00am- UK Interest Rate
Historical Chart and Data
6. Thursday June 9, 2011- 7:45am- EU Interest Rate
Historical Chart and Data
7. Thursday June 9, 2011- 8:30am- ECB Rate Statement / Trichet Press
Conference
Historical Chart and Data
8. Friday June 10, 2011- 7:00am- CA Employment Change
Historical Chart and Data
In the Pacific, Australian and New Zealand policymakers are expected to hold on interest rate hikes after a steady month economic progress. New Zealand reported strong export numbers as a result of record high commodity prices such as dairy, meat, and wood. The UK will also look to hold interest rates at .50%. CAD may be well supported pending Ivey PMI release early in the week following an improvement in the monthly GDP report.
The most important news of the week will be on Thursday when the ECB press conference is held. Rates are expected to remain at 1.25% as Euro Zone members face further sovereign debt concerns for Greece and other peripheral members.
Thanks,
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