Glenn Stevens’s speech, Canadian GDP, US Consumer Confidence, ADP Non-Farm Employment Change, ISM Manufacturing PMI as well as the important monthly employment report the NFP and Unemployment rate. These are the major events on Forex calendar. Join us as we explore the market movers for this week.
Last week US economic data were mostly positive. The housing sector is in a growth trend due to the constant improvement in the job market and employment conditions. The number of purchases of new U.S. homes surged in May, to a seasonally adjusted annual rate of 546,000, the strongest pace since February 2008, rising 24% on a yearly base. Furthermore, existing home sales climbed 5.1% in May to a seasonally adjusted annual rate of 5.35 million. US Jobless claims remained in positive territory with a 3,000 climb to 271,000 indicating a continued growth in the US labor market. Will this trend continue?
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