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A world of Trading assets

2021/06/07 Market Chat

Authored by TD Markets
2 min

As NFP figures were due on Friday, there was a significant build-up that was pending throughout the week as markets, in general, were ranging pending the Unemployment data that were set to be released. The unemployment data came out a lot more positive than expected resulting in more of a risk on the approach being taken from investors as we saw the US Indices rally to close the week positive.

As the mentioned unemployment data was released some Dollar strength was expected, however, there was a lot of weakness that came into the market as Gold recovered a significant amount of the gains that was forfeited on Thursday to close the week out on $1892.

The week ahead lacks the volume of high impact data set to be released as Monday and Tuesday sees no real high impact news set to be released, the focus will however be set on Canada and Europe as both are set to release their Monetary Policy Statements. PMI figures that came out during the week came out higher than forecasted giving a higher focus on CPI set to be released on Thursday as well as inflation continues to go up in the US.

Wednesday (SAST)
4:00pm - BOC Rate Statement (CAD)

  • Overnight Rate
    4:30pm - Crude Oil Inventories (USD)
    7:01pm - 10-y Bond Auction (USD)

Thursday (SAST)
1:45pm - Monetary Policy Statement (EUR)

  • Main Refinancing Rate (EUR)
    2:30pm - ECB Press Conference (EUR)
  • CPI m/m (USD)
  • Core CPI m/m (USD)
  • Unemployment Claims (USD)
    7:01pm - 30-y Bond Auction (USD)

Friday (SAST)
4:00pm - Prelim UoM Consumer Sentiment (USD)

  • Prelim UoM Inflation Expectations (USD)
Authored by TD Markets
2 min
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