FX.co ★ Week Ahead - Jun 29th

Markets will be closely watching tanker and commercial shipping activity through the Strait of Hormuz, as the recent rebound in traffic has helped push energy prices lower. In the US, a full slate of labor market data is due, culminating with the June jobs report and preceded by the JOLTS openings data, the ADP employment report, and Challenger job cuts. Additional key releases include the ISM Manufacturing PMI, factory orders, and the Case-Shiller home price index. In Europe, the ECB’s annual forum will feature speeches from Governing Council members and other central bankers, while the Eurozone and its largest member economies publish their latest inflation figures. In Japan, attention will center on the Tankan survey, alongside data on industrial production, retail sales, and unemployment. China, meanwhile, is set to release both its official and broader industry PMI readings.