This week the main event for investors will be the U.S. Non-Farm Employment Change

Last week, investors were mainly watching the U.S. Fed Rate decision. The results of the FED Committee have not surpassed. Although the FED left the interest rate on the same level, monetary policy will also remain soft and stimulative for the U.S economy. This week the main event for investors will be the U.S. Non-Farm Employment Change. The analysts are expected to see 978,000 jobs created in April, reducing the unemployment rate to 5.7% from 6%.

Monday, May 3

On Monday, traders will focus on the Fed Chair Powell Speaks and also PMIs data for indications on the health of the U.S. and European economies. Bank Holiday in Great Britain, Japan, and China.

Tuesday, May 4

On Tuesday, investors’ attention will be focused on changes in the monetary policy of the Reserve Bank of Australia. Analysts expect the interest rate to remain the same. Bank Holiday in Japan and China.

Wednesday, May 5

The main event of Wednesday will be the announcement of the Crude Oil Inventories which significantly affect oil prices. Traders should also pay attention to the Employment Change in New Zealand. Bank Holiday in Japan and China.

Thursday, May 6

On Thursday, the Bank of England is expected to upgrade its economic forecasts. Investors’ attention will be focused on the quarterly BOE Monetary Policy Report. Analysts expect the rate will remain the same.

Friday, May 7

Friday will bring various statistics for many countries. The most interesting for investors will be the data US Non-Farm Employment Change. This data can cause increased volatility in the market.

News feed for: 2023.07.04

  • Chinese Markit Services PMI (m/m) at 04:45 (GMT+3);
  • Chinese Trade Balance (m/m) at 06:00 (GMT+3);
  • Canadian Employment Change (m/m) at 15:30 (GMT+3);
  • US NonFarm Employment Change (m/m) at 15:30 (GMT+3);
  • US Unemployment Rate (m/m) at 15:30 (GMT+3);
  • Canadian Ivey PMI (m/m) at 17:00 (GMT+3).

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.