- RUSSIA – UKRAINE TALKS IN ISTANBUL, TURKEY (June 2)
After a Trump-Putin phone call in May the US continues to pressure Russia and Ukraine to agree to a full ceasefire. The US has said it may walk away from its attempts to mediate if there is no success, but the administration is losing patience with the Kremlin and may impose sanctions.
Possible Influence: Volatile Crude oil, Natural gas, Gold.
- US ISM Manufacturing PMI for May (June 2nd at 15:00 GMT+1)
ISM Manufacturing PMI previous print was 48.7. The number was higher than the expected 48.0.
Possible influence: Volatile US Dollar, Gold and US Stocks
- Bank of Canada Meeting (June 4th at 14:45 GMT+1)
The Bank of Canada will meet to set interest rates. They are currently 2.75% after the bank cut interest rates in March by 25 basis points. The bank is more likely to keep rates at 2.75%, but there is a chance of a 25-basis point cut in June.
Possible Influence: Volatile Canadian Dollar and Canadian Stocks
- European Central Bank Meeting (June 5th at 13:15 GMT+1)
The European Central Bank will meet to discuss interest rates. Rates are currently at 2.40% after a rate cut of 25 basis points in April. Rates might be cut by another 25 basis points in June.
Possible Influence: Volatile EUR/USD and GER40
- U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (May) (June 6th at 13:30 GMT+1)
The previous month had unemployment at 4.2%. Nonfarm Payrolls for the previous month printed 177,000.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- US Inflation data (May) (June 11th at 13:30 GMT+1)
Core CPI (excluding food and energy) was 2.8%, Year-over-Year in April. Top-line CPI for April came in at 2.3%, slightly less than expected.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- G7 Leaders’ Summit (June 15 - June 17)
Leaders of top western industrialized nations such as US, Canada, Germany, UK, France, Japan and Italy will meet to discuss global issues such as trade and geopolitics in Canada. High up on the agenda will include the Ukraine-Russia trade and tariffs, Artificial Intelligence and Global economic stability.
Possible Influence: Volatile Gold, Stocks, Oil
- Bank of Japan Meeting (June 17 at 04:00 GMT+1)
The Bank of Japan will meet to set its interest rates. In May the bank kept interest rates at 0.50%. Rates are expected to remain at this level in June, but a hike is likely later this year.
Possible Influence: Volatile JPY/USD
- Retail Sales in the US for (May) (June 17th at 13:30 GMT+1)
Month-over-Month Retail Sales was at 0.1% in April, which was slightly higher than the 0.0% expected by the market.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Federal Reserve meeting and press conference (June 18th at 19:00 GMT+1 and 19:30 GMT+1)
The Federal Open Market Committee of the U.S. The Federal Reserve will conclude its 2-day meeting to decide on interest rates. The current rate is 4.50%, after a 25-basis point cut in December. Analysts expect the rate to remain at 4.50% at this meeting, but a rate cut of 25 bps is more likely in July or September.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Bank of England Meeting (June 19th at 12:00 GMT+1)
The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. Rates are expected to remain unchanged in June at 4.25%. The last BoE cut was by 0.25% in May.
Possible Influence: Volatile GBP/USD and UK stocks