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27 Jun 2021
3 min read

Economic Calendar Updates – 27/06

Economic Calendar Updates

*OspreyFX would like to state that traders should research extensively before following any information given hereby. Any assumptions made in this article are provided solely for entertainment purposes and not for traders to guide or alter their positions. Please read our Terms & Conditions and Risk Disclosure for more information.

Key Takeaways

  • An eventful week ahead for the financial markets, packed with economic reports
  • Investors brace for the latest US NFP report scheduled on Friday

The week starting Monday, June 28, is packed with few but important pieces of economic reports that will indicate the pace of economic recovery on both sides of the Atlantic. The focus this week, among other economic updates, will be on the US non-farm payrolls report on Friday.

Traders and investors are not expecting any major scheduled economic events or reports to take place on Monday. To kick off the events for the week, Germany will release its preliminary CPI report for June at 08:00 am EST. The US follows with its CB consumer confidence report, also for June, at 10:00 am EST. Later, at 07:15 pm EST, the Australian central bank, the Reserve Bank of Australia, will hold a press conference led by Governor Philip Lowe.

Anticipation for US, Eurozone and UK Data

On Wednesday, the UK starts with its GDP figures for the first quarter, both on an annual and a quarterly basis. The report is set to arrive at 02:00 am EST. The German unemployment change is coming next, scheduled for 03:55 am EST. At 05:00 am EST, the eurozone will reveal its CPI data for June on a 12-month basis. The indicator’s result would be closely observed by traders and investors as it would show whether inflation in the euro area continues to climb.

Thursday brings a slew of manufacturing PMI reports. Italy’s and Germany’s manufacturing PMI reports for June are set to arrive at 03:45 am EST, and 03:55 am EST, respectively. Eurozone and UK manufacturing PMI data will be released at 04:00 am EST, and 04:30 am EST, respectively. The euro area will deliver its unemployment rate for May at 05:00 am EST. The US follows with its manufacturing PMI data for June at 09:45 am EST.

Friday is reserved for the largely anticipated US nonfarm payrolls and unemployment report. The non-farm payrolls report, new jobs added to the US economy excluding farm workers, arrives at 08:30 am EST. The US labor market added 559,000 new jobs to the economy for May. Traders and investors will be looking to see whether the positive trend will continue as the economic recovery gathers pace. Additionally, also at 08:30 am EST, the US will deliver its unemployment rate. In June, the unemployment rate fell to 5.8%.

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