Forex Weekly High Economic Events Recap May 31 2020

The Weekly High Impact Forex Economic Events Recap can prepare Investors in advance of specific major impactful economic news releases schedule for the week ahead.

News does Moves Markets Forex and it is highly important that Traders  stay abreast of all the up an coming High impact Forex economic news releases. This can be a very useful tool if properly employed in ones trade plan.  “Remember the wise Trader plans, prepares, exercises prudent risk management, stays one step ahead of the game and knows when to enter and exit the market at the most opportune time.”

According to a Triennial Central Bank Survey Foreign exchange conducted in 2019..turn over in global Fx markets average 6.6 trillion dollars .  The U.S. Dollar (USD) remains the most trade currency in the Forex global market place with 88% of daily trades bought or sold under this survey.  According to a 2016 TCB  Survey the second most traded currency is the Euro (EUR) carrying 36% of trading bought or sold.  The third most traded currency is the Japanese yen (JPY) holding down 21.6% of daily trades bought or sold. The fourth most traded currency within the Forex market is the Pound sterling (GBP) which has 12.8% of daily trades bought or sold.  The fifth most traded currency is the Australian dollar (AUD) which represents 6.9% of daily trades bought or sold.  

Forex Weekly High Economic Events Recap May 31, 2020

05312020	--	0605920	(UK Open) (U.S. Open) (Sydney Open)(Tokyo Open)	(UK Close) (U.S. Close)(Sydney Close)(Tokyo Close)
Time	Cur	Event	Actual	Forecast	Previous
Sunday, May 31, 2020
21:45	CNY	Caixin Manufacturing PMI (May)		49.6	49.4
Monday, June 1, 2020
03:55	EUR	German Manfacturing PMI (May)		36.8	34.5
04:30	GBP	Manufacturing PMI (May)		40.7	40.6
10:00	USA	ISM M9anufacturing PMI (May)		43.0	41.5
Tuesday, June 2, 2020
00:30	AUD	RBA Interest Rates Decision (Jun)		0,25%	0,25%
21:30	AUD	GDP (QoQ) (Q1)		-0.3%	0.5%
Wednesday June 3, 2020
21:30	EUR	German Unemployment Change (May)		195K	373K
04:30	GBP	Composite PMI (May)		28.9	27.8
08:15	USA	ADP NonFarm Employment Change (May)		-9,000K	-20,236K
10:00	USA	ISM Non-Manufacturing PMI (May)		44.0	41.8
10:00	CAD	BoC Interest Rate Decision		0.25%	0.25%
10:30	USA	Crude Oil Inventories		-1.944M	7.928M
10:30	AUD	Retail Sales (MoM) (Apr)		-17.9%	8.5%
Thursday, June 4, 2020
08:30	GBP	Construction PMI (May)		30.0	8.2
07:45	EUR	Deposit Facility Rate (Jun)		-0.50%	-0.50%
07:45	EUR	ECB Marginal Lending Facility			0.25%
07:45	EUR	ECB Monetary Policy Statement
07:45	EUR	ECB Interest Rate Decision (Jun)		0.00%	0.00%
08:30	EUR	ECB Press Conference
Friday, June 5, 2020
08:30	USA	Non Farm Payrolls (May)		-8,250K	-20,500K
08:30	CAD	UnEmployment Rate (May)		19.7%	.14.7%
10:00	CAD	Employment Rate Change (May)		-500.0K	-1,993.8K
10:00	CAD	Ivey PMI (May)
High	Volatility Expected