Look ahead: Eurozone and US jobs data; EIA; Costco; Dollar General; Best Buy
The health of the labour market both sides of the Atlantic will be scrutinized with the latest eurozone jobless rate and US initial jobless claims. The US also unveils its second estimate of Q1 GDP.
Brace for EIA crude oil inventories ahead of the virtual OPEC+ meeting. Plus, the retail earnings theme continues with reports from Dr Martens, Costco, Dollar General, and Best Buy.
(AI Video Summary)
Forex analyses
In today's "Look ahead" to Thursday, 30 May, Angeline Ong anticipates key economic data releases, focusing on the eurozone’s April unemployment expected at 6.5% and US Q1 GDP's second estimate. She analyses the EUR/USD pair, and highlights recent euro weakness triggered by disappointing German inflation data and upcoming eurozone inflation forecasts.
Spotlight on US dollar movements against the British pound (GBP/USD pair) in anticipation of differing monetary policies between the Fed, ECB, and BoE.
Corporate news
Ong also covers Dr. Martens' strategic challenges and upcoming earnings from major retailers like Costco, Dollar General, Best Buy and Gap, underscoring a shift in US consumer spending towards essential goods.
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