5 Main events for the Forex Market This Week
As the manufacturing and services sector and Non-farm Payrolls will be released, the event risk for the forex market is in US dollar side. Because of the rate decisions made by the Bank of England and the European Central Bank, the British pound and euro face wide fluctuation but the further announcement and press conference will most likely have the greater influence on the market.
- US ISM Manufacturing
The Supply Management facility should be reporting at 10:00 EDT that appraise in the manufacturing sector pulled back to hold near a five-year low of 48.5 in May from 48.6. According to the data from the Philadelphia and Richmond Federal Reserve regions, a downtick has not stopped its way during the month. The risks are titled to the downside for the ISM manufacturing release.
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