May final services PMI readings for the euro area are expected today
The dollar is again on the back foot alongside the yen, the latter recording in particular a prolonged decline in overnight transactions, as the USD / JPY exceeded 108.00 to even exceed its daily moving averages to establish almost 108.50.
The risk rally continues to progress as the market continues to adopt the half-full glass approach as we begin to see the AUD / USD move closer to 0.7000 and the EUR / USD take a look above the level of 1.1200 for the first time in two and a month and a half.
Futures in the United States also held slightly higher, as the risk climate in Asia was also much more positive after yesterday’s stable and solid performance on Wall Street.
0545 GMT – Figures for Switzerland in Q1
07:15 GMT – Spain May services, PMI composite
07:45 GMT – Italy May services, PMI composite
0750 GMT – Final services France May, PMI composite
0755 GMT – Germany May final services, PMI composite
0800 GMT – May final services for the euro area, PMI composite
The focus is on the final readings for France, Germany and the whole of the euro area, but they should not tell us anything new, that is to say the conditions are better than in April , but far from normal because many companies are learning to adapt to the current situation.
0755 GMT – Germany May change in unemployment rate, rate
08:30 GMT – UK May final services, PMI composite
0900 GMT – April PPI figures for the euro zone
0900 GMT – April unemployment rate in the euro area
1100 GMT – US MBA mortgage applications w.e. May 29
That’s all for the coming session. I wish you all the best days ahead and good luck with your trading! Stay safe there.