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| Name | Economic Calendar Highlights for May 31 2024 |
| Video Uploader | Video From fxp |
| Upload Date | This Video Uploaded At 31-05-2024 07:26:35 |
| Video Discription | Economic Calendar Events for May 31, 2024 #news, #trading, #forex, #daytrading, #cryptocurrency, #stockmarket, #investing, #bitcoin, #finance, #trader, #stocks, #EURUSD, #GBPUSD Europe Euro Area Inflation Rate (YoY) (May): The flash estimate for the Euro Area's year-on-year inflation rate is a critical indicator of price changes for goods and services. It is expected to influence the Euro significantly, especially against the US Dollar (EUR/USD) and the British Pound (EUR/GBP). Euro Area Core Inflation Rate (YoY) (May): This measure, which excludes energy and unprocessed food, will provide a clearer view of underlying inflation trends and is crucial for assessing economic stability. Germany Unemployment Change (May): The data on changes in the number of unemployed in Germany will be released, which could impact the Euro's value depending on whether the figures are better or worse than expected. United Kingdom UK Nationwide Housing Prices (YoY) (May): This release will show the annual change in house prices in the UK, providing insights into the housing market's health and consumer confidence. UK Consumer Credit (Apr): This data indicates the amount of new credit issued to consumers and is an important indicator of consumer spending and financial stability. United States US Personal Income (MoM) (Apr): This report highlights changes in personal income, which affects consumer spending and overall economic activity. US Personal Spending (MoM) (Apr): This data shows changes in consumer spending, a major component of GDP. US PCE Price Index (MoM) (Apr): The Personal Consumption Expenditures Price Index is a key measure of inflation and consumer price changes. US Chicago PMI (May): The Chicago Purchasing Managers' Index provides insights into manufacturing activity in the Chicago region, indicating broader economic trends. Impact on Currency Pairs GBP/USD: The UK's housing prices and consumer credit data can influence the GBP/USD pair. Strong data could strengthen the Pound, while weaker data could have the opposite effect. In the US, personal income, spending, and the PCE Price Index will be crucial. Higher-than-expected inflation and spending data can lead to a stronger Dollar, potentially driving the GBP/USD lower. EUR/USD: Euro Area inflation and Germany's unemployment data will play a significant role. Higher inflation could strengthen the Euro, while higher unemployment could weaken it. US data on personal income, spending, and the PCE Price Index will also impact the EUR/USD. Strong US economic data can bolster the Dollar, leading to a potential decline in the EUR/USD. EUR/GBP: The Euro Area's inflation data versus the UK's housing and consumer credit figures will be key drivers. If the Eurozone's inflation data is strong, it could boost the Euro against the Pound. Conversely, strong UK data could see the Pound gain against the Euro. [iF4LhtPHHpY] |
| Category | People & Blogs |
| Tags | #news | #trading | #forex | #daytrading | #cryptocurrency | #stockmarket | #investing | #bitcoin | #finance | #trader | #stocks | #EURUSD | #GBPUSD | forex trading |
