The Day Ahead

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United States – University of Michigan Consumer Sentiment (June)

High impact on USD, bonds, and equities

Traders watch this for consumer confidence and inflation expectations.

Higher inflation expectations could support USD and push yields up.

Japan – April Capacity Utilisation & Tertiary Industry Index

Moderate impact on JPY and Japanese stocks

Weak data may suggest ongoing BoJ stimulus, which could weaken the yen.

Germany – May Wholesale Price Index (WPI)

Moderate impact on EUR

A key inflation signal — lower prices could reinforce expectations for ECB rate cuts.

Italy – April Trade Balance

Low to moderate impact on EUR

Surplus or deficit gives clues about external demand but usually doesn’t move markets much alone.

Eurozone – April Trade Balance & Industrial Production

High impact on EUR

IP shows economic strength or weakness. Soft numbers could pressure the euro further.

Canada – April Manufacturing Sales & Q1 Capacity Utilisation

Moderate to high impact on CAD

Strong data supports the Canadian dollar and may delay Bank of Canada rate cuts.

Key Market Watch Points:

USD: Watch for inflation expectations in the Michigan data.

EUR: Sensitive to signs of slowing growth or inflation.

JPY: Likely weak if Japan data disappoints.

CAD: Positive surprises could support CAD strength.

This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained

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