Investopedia's Forex Outlook For June 2012: Upcoming Events To Watch
June 1 – Germany's PMI Manufacturing Index will provide key insights into the Eurozone's largest manufacturing economy, while similar data will be seen in the U.S. ISM Manufacturing Index on the same day. But the financial markets will mostly be watching the U.S. employment situation for any signs of improvement amid what many call a largely "jobless recovery."
June 5 – Germany and the European Monetary Union will release their PMI Services Indexes designed to forecast any improvements in the region's service economy.
June 7 – Japan will release its GDP figures, which the financial markets will be watching closely for signs of continued improvement. In particular, some analysts are concerned about the country's exports given a possible slowdown in auto demand in the United States.
SEE: Can Global Investors Profit From GDP Watching?
June 11 – Italy will release its GDP figures, which will be closely watched for any signs of deterioration, as one of the potentially problematic countries in the Eurozone.
June 13 – Italy's Consumer Price Index (CPI) will provide a key gauge of inflation in one of the Eurozone's largest economies. Higher inflation could lead to a reduced likelihood of further quantitative easing by the ECB, as well as increased pressure on consumers. Meanwhile, European Monetary Union Industrial Production figures will also be released showing the region's progress in stimulating its economy.
June 19 – Japan's Merchandise Trade report will be released showing whether or not the country's export-driven economy continues to grow, while the Bank of Japan's MPB Minutes will provide key insights into both interest rate changes and future economic prospects.
June 28 – Italy's Consumer Price Index will provide key insights into inflation and the prospects of further easing, while the European Monetary Union's EC Economic Sentiment report gives a higher-level gauge on business sentiment. Finally, Japan's Industrial Production figures will tell the financial markets whether or not the country's strong export-driven growth will continue.
June 29 – The European Monetary Union's HICP Flash provides investors with an additional gauge of inflation throughout the Eurozone as a whole. Higher readings of inflation could encourage the ECB to maintain instead of lower interest rates.
SEE: Economic Factors That Affect The Forex Market