Central Bankers, S&P Global, ISM PMI, JOLTS all on the schedule

Forex Short News

The central bank heads from the BOE, ECB, Fed, BOJ and Bank of Korea are expected to participate on a panel discussion at the ECB Sintra Summit starting at 9:30 AM ET. “Uncertainty” is expected to be the dominant theme at the ECB’s Sintra economic summit, particularly given the unclear outlook surrounding broad U.S. tariffs and the Trump-supported fiscal package. In her opening remarks on Monday, ECB President Christine Lagarde emphasized that this lack of clarity is likely to remain a defining characteristic of the global economic landscape. I do not expect Fed Chiar Powell to wander from his recent comments and testimonies where he emphasized that the Fed is in a good place and that he expects inflation to pick up in June July and August as a result of the tariffs. I certainly do not expect him to comment on his lame duck status.

In addition,

  • At 9:45 AM ET, S&P global manufacturing PMI final four June will be released. In preliminary came in at 52.0.
  • At 10 AM, the ISM manufacturing PMI data will be release with expectations of 48.8% versus 48.5 last month. Prices are expected at 69.0 versus 69.4. Employment is expected at 47 .0 versus 46.8. New orders came in at 47.6 last month
  • Also at 10 AM, the jolt job openings are expected at 7.3 million versus 7.39 million last month

US stocks are set to open lower. US yields are ticking back to the upside with the 10 year now up 1.2 basis points at 4.237%. That has also helped to push the US dollar back to the upside in early US trading.

The GBPUSD is now near unchanged after reaching a new 2025 high at 1.3788 earlier today. The current process rating of 1.3730. The pairs 100 and remove marriages at 1.37135. Moving below that level and staying below would give the sellers a victory from a technical perspective.

This article was written by Greg Michalowski at www.forexlive.com.