Learn To Trade
 
Indicators & Chart Patterns

Deepen your knowledge of technical analysis indicators and hone your skills as a trader.

Find your detailed guides here
Trading Glossary

From beginners to experts, all traders need to know a wide range of technical terms. Let us be your guide.

Learn more
Knowledge Base

No matter your experience level, download our free trading guides and develop your skills.

Learn more
Learn To Trade

Trade smarter: boost your skills with our training resources.

Create a live account
Market Analysis
 
Market News

All the latest market news, with regular insights and analysis from our in-house experts

Learn more
Economic Calendar

Make sure you are ahead of every market move with our constantly updated economic calendar.

Learn more
Technical Analysis

Harness past market data to forecast price direction and anticipate market moves.

Learn more
Live Webinars

Boost your knowledge with our live, interactive webinars delivered by industry experts.

Register now
Special Reports

Engaging, in-depth macroeconomic analysis and expert educational content from our in-house analysts

Learn more
Market Analysis

Harness the market intelligence you need to build your trading strategies.

Create a live account
Partnership
 
Affiliate Programme

Grow your business and get rewarded. Find out more about our Affiliate Programme today.

Learn more
Money Manager

Increase your income and get compensated for your trading knowledge with ThinkInvest, putting you in control.

Learn more
Introducing Broker

ThinkMarkets ensures high levels of client satisfaction with high client retention and conversion rates.

Learn more
White Label

We supply everything you need to create your own brand in the Forex industry.

Learn more
Regional Representatives

Partner with ThinkMarkets today to access full consulting services, promotional materials and your own budgets.

Learn more
Partnership

Plug into the next-gen platforms and the trades your clients want.

Partner Portal
About ThinkMarkets
 
Liverpool FC Sponsorship

ThinkMarkets is the Official Global Trading Partner of Liverpool FC

Learn more
About Us

Find out more about ThinkMarkets, an established, multi-award winning global broker you can trust.

Learn more
Careers

Discover a range of rewarding career possibilities across the globe

Apply now
Security of Funds

Security of your funds is our number one priority. We safeguard our Client funds in top tier banks.

Learn more
Trading Infrastructure

When it comes to the speed we execute your trades, no expense is spared. Find out more.

Learn more
ThinkMarkets News

Keep up to date with our latest company news and announcements.

Learn more
Contact Us

Our multilingual support team is here for you 24/7.

Learn more
About ThinkMarkets

Global presence, local expertise - find out what sets us apart.

Create a live account
Create account

This Week in Markets: 30th of May 2022

Victor Golovtchenko Victor Golovtchenko 31/05/2022
This Week in Markets: 30th of May 2022 This Week in Markets: 30th of May 2022
This Week in Markets: 30th of May 2022 Victor Golovtchenko
Stocks have marked another week of significant gains last week and the outlook has somewhat stabilised after some Fed officials signalled that the tightening cycle might pause after two more 50 basis points interest rate hikes. The markets digested the news quickly, however increasing inflationary pressures could still prevent the central bank from stopping its monetary policy tightening cycle.

The U.S. dollar continued to cede ground to antipodeans and marked it’s longest losing streak since July 2020. With other major central banks signalling higher rates, the markets have reacted by repricing the USD, despite a looming tightening of the Fed’s balance sheet which starts this week – on the 1st of June.

Geopolitical tensions continued to build up, sending oil prices skyrocketing to their highest level since about a week into the Russian invasion of Ukraine. With the European embargo on Russian oil taking shape this week, the outlook for risk assets, especially in non-oil producing countries has deteriorated.

Economic data highlights


Monday 30th of May

·         German Inflation
·         Eurozone Business Sentiment
·         Fed’s Waller Speech

Tuesday 31st of May

·         French and Eurozone Inflation
·         Canadian GDP
·         US House Price Index
·         Chicago PMI

Wednesday 1st of June

·         Australian GDP
·         UK House Prices, European PMIs
·         US ISM Manufacturing PMI, ECB & Fed Speakers
 
Thursday 2nd of June

·         UK Bank Holiday
·         Australia Trade Balance
·         Eurozone Producer Prices, Swiss CPI
·         US ADP Employment Change, Jobless Claims

Friday 3rd of June

·         Germany Trade Balance, Eurozone PMIs
·         US Non-Farm Payrolls, Unemployment
·         US Services PMI
 
  • US Non-Farm Payrolls & Unemployment

  • European Inflation & PMIs

  • Fed & ECB Speakers on Wednesday

 
The final days of May are behind us, and the first days of June offer a relatively light calendar when compared to the past couple of weeks. The main focus of the market this week will be the Non-Farm Payrolls report out of the US, reported alongside the unemployment figures. Some Fed and ECB speakers on Wednesday aren’t likely to present anything we haven’t already known. Eurozone and US PMIs on both manufacturing and services could be key movers when it comes to rate hikes expectations on both sides of the Atlantic. For the time being the U.S. economy appears to be more resilient, therefore increasing the chances that the Fed hikes rates more than 2 times until the end of its cycle.
 

European Inflation Continues to Climb

 
While the discussion in the U.S. is about rate hike pauses, the ECB is likely to have a vibrant discussion on the pace at which the central bank will be increasing interest rates in July. Some members are favoring a 50 bps hike, but the majority on the Governing Council, is likely to prevail for a more dovish, 25 basis points increase.
 
Aside from Consumer inflation, which has printed the highest levels since the creation of the euro, producer prices could also be in focus for the market to assess how much of the price pressures companies are facing are passed onto the consumer.
 

US PMIs & Unemployment

 
The latest news about the U.S. labor market are likely to be the most important piece of data this week, but the ISM manufacturing and services surveys aren’t to be excluded from the equation. Any positive surprises on both counts could lead to a pause in the USD’s decline over recent weeks and reinstate the Greenback as the top-performer. With that said, the opposite outcome is also valid – if the U.S. labor market is weaker than expected and growth worries resurface, the rate hiking path of the Fed could well be repriced by the market.
 

Oil Prices Peaking?

 
With the European oil embargo on Russian exports finally taking shape, the oil market is priced to perfection on the upside. Recent news reports however are suggesting that OPEC could be excluding Russia’s output from production quotas soon, a move which is likely to result in more oil brought into the market by other producers.
 
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Related articles:

This Week in Markets: 27th of June 2022

By Victor Golovtchenko

27/06/2022

This Week In Markets: 20th of June 2022

By Victor Golovtchenko

20/06/2022

Week Ahead Market Preview: 16th of May 2022

By Victor Golovtchenko

16/05/2022

Week Ahead Market Preview: 11th of April 2022

By Victor Golovtchenko

12/04/2022

Week Ahead Preview: 4th of April 2022

By Victor Golovtchenko

04/04/2022

Meet our contributors
Carl Capolingua
×
Carl Capolingua
Market Analyst, Melbourne

Carl has over 20 years' experience in financial markets and has held senior analyst roles at a number of financial institutions. Specialising in Australian and US stock markets in particular, Carl uses a top-down approach to assess the global macro picture before using both technical and fundamental techniques to select stocks. He regularly appears as an expert commentator on a number of media outlets throughout the Asia-Pacific region.
 
 
 

Lesego
×
Lesego Mthombothi
Market Research Analyst, South Africa

Lesego Mthombothi is an experienced market research analyst and investment professional who proudly holds an honours degree in investment management and completed her CFA level 1.
 
 
 

Mahmoud Alkudsi
×
Mahmoud Alkudsi
Chief Markets Analyst, MENA

Mahmoud is a market analyst, with over a decade of experience in financial markets. He follows main market movers and tracks their effect on the price chart. Mahmoud mixes technical and fundamental tools with a deeper focus on the technical side, and with his wide experience in providing educational and guidance materials to all levels of traders, he helps them in making informed trading decisions. Before joining ThinkMarkets, Mahmoud was head of market research departments in different reputed financial companies, where he provided market analysis for a variety of asset classes, including FX, equities, indices, and commodity futures. As an experienced market commentator, he was hosted by too many print and broadcast media, including not limited to Sky News Arabia, France 24, Alarabyia, Alsharq-Bloomberg, and CNBC Alarabyia to discuss key risk events their clear impact on the price action. Mahmoud holds a Master of Business Administration (MBA) from Cardiff Metropolitan University of Wales, UK, and speaks Arabic, English, and Spanish.

Carl Capolingua
Carl Capolingua
Carl has over 20 years' experience in financial markets and has held senior analyst roles at a number of financial institutions.
Lesego
Lesego Mthombothi
Lesego Mthombothi is an experienced market research analyst and investment professional who proudly holds an honours degree in investment management and completed her CFA level 1.
Mahmoud Alkudsi
Mahmoud Alkudsi
Mahmoud is a market analyst with over a decade of experience in financial markets. Mahmoud mixes technical and fundamental tools with a deeper focus on the technical side, and has experience in providing guidance to all levels of traders.
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Back to top