1st May - 5th May 2017
Monday Monday being a holiday for most of the countries will be a slow day in FX market. However, US will be releasing ISM Manufacturing PMI and ISM Prices Paid which shows business conditions in the US manufacturing sector. This will be followed by a speech from US Treasury secretary Mnuchin. Tuesday Early morning Reserve Bank of Australia will release their rate decision which is expected remain unchanged while this will be followed by their rate statement. By afternoon Euro zone will release Markit Manufacturing PMI which captures business conditions in the manufacturing sector. This will be followed by Unemployment Rate from Euro zone which is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the European Economy. Day will end with Markit Manufacturing from UK. Wednesday An important day in the economic calendar as major data will be released from Uk, Euro zone and US. First up from Euro Zone Unemployment rate, Unemployment Change, Gross Domestic Product & Producer Price Index will be released. These reports will be followed by PMI Construction which shows business conditions in the UK construction sector. From US session ADP Employment change & ISM Non-manufacturing PMI will be released. This will be followed by FED Interest Rate decision which is expected to remain unchanged. Day will end with Fed’s monetary policy statement where investors will be looking for clues on what will happen in June and whether a rate hike is possible then. Thursday Euro zone will release Markit PMI Composite which captures business conditions in the manufacturing sector. This will be followed by Markit Services PMI which is based on a large number of business executives in private sector manufacturing and services companies. From UK Consumer Credit and Mortgage Approvals will be released which will be closely monitored by investors whether it would provide more support to strengthening Pound. The day will end with Trade balance, Initial Jobless Claims, Unit Labor Costs, Nonfarm Productivity & Factory Orders from US. Friday An important day for US Dollar as key major data will be released. It will start with all important Non-Farm payrolls which presents the number of new jobs created during the previous month, in all non-agricultural business. This will be followed by Average Weekly Hours and Unemployment Rate which are also indicators of the US job market. Day will end with Consumer Credit Change which is an amount of money that individuals borrowed. It shows if consumers can afford large expenses, which can fuel economic growth.
