CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Three markets to watch next week (28.05.2021)

16:24 28 May 2021

The beginning of the upcoming week is looking to be a calm one as traders from the United States and UK are observing national holidays on Monday. However, the situation should become more dynamic later in the week, due to the publication of a number of interesting macroeconomic readings. The Reserve Bank of Australia will announce its monetary policy decision while the United States will publish the latest jobs data. Besides that several PMI readings from around the world will also be released. Be sure to watch US500, DE30 and AUDUSD next week!

US500

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The S&P 500 (US500) managed to erase most of the recent losses and broke above the 4,210 pts mark this week. Solid employment data from the recent flash US PMI and declining number of weekly jobless claims suggest that the US labor market improved in May. However, now investors wonder whether solid momentum will be reflected in the Friday NFP report. After last month's negative surprise, the market expects a strong employment increase of 700k. Analysts also expect that the unemployment rate will decline to 5.9% from 6.1%.

DE30

Several Eurozone PMI readings will be released next week and this should provide a first look at the overall economic situation in the bloc in May. Of course, the most important as always are the readings from France and Germany, which will be published on Tuesday and Thursday. Earlier, on Monday, German investors will be offered preliminary CPI data for May. Analysts expect that inflation will remain relatively at the same level as last month, therefore any larger deviations from forecasts, could lead to larger price movements.

AUDUSD

The RBA will hold a policy meeting next week and no major policy changes are expected. Still, investors will try to assess whether policymakers are willing to follow the RBNZ footsteps and take a more hawkish approach or will they continue to play down inflation concerns.  Australia's GDP figures will also be released on Wednesday and may provide additional volatility.

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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