Home / Economic News / WEEK 18 (May 1 – 5): Forthcoming economic news-releases

WEEK 18 (May 1 – 5): Forthcoming economic news-releases

The US dollar is mixed against majors with gains against the NZD, JPY, CAD and AUD but weaker against the EUR and GBP. Risk appetite in Europe returned after the restful of the first round of elections in France left Macron and LePen heading into the May 7 deciding second round. The Trump administration presented its tax reform plan and launched a more aggressive trade offensive against NAFTA but anxiety around the dollar surged with the first release of the US GDP in the first quarter coming in below expectations at 0.7 percent.

(All times are GMT)

On Monday, at 2:00pm The Institute for Supply Management (ISM) will release the ISM Manufacturing PMI for US.

At 2:45pm US Treasury Secretary Steven Mnuchin speaks at the Milken Conference, in Los Angeles.

On Tuesday, at 4:30am, Reserve Bank of Australia will anounce Cash Rate – short term interest rates. Reserve Bank of Australia Rate Statement will follow.

At 8:30am Markit will provide Great Britain’s Construction PMI.

At 10:45pm Statistics New Zealand will release quartely Employment Change and Unemployment Rate.

On Wednesday, at 8:30am Markit will provide Great Britain’s Construction PMI.

At 12:15pm US Non-Farm Employment Change will be announced by Automatic Data Processing, Inc. (ADP).

At 2:00pm The Institute for Supply Management (ISM) will release the ISM Manufacturing PMI for US.

At 2:30pm Energy Information Administration will publish Crude Oil Inventories. Market volatility and exchange rates for many currencies depend on oil prices.

At 6:00pm Federal Open Market Committee (FOMC) publishes a detailed record of the FOMC’s most recent Meeting Minutes.

At 6:00pm US Federal Funds Rate and FOMC Statement are expected.

On Thursday, at 1:30am Australian Bureau of Statistics will publish monthly Trade Balance.

At 3:10am RBA Governor Philip Lowe speaks at the Economic Society Business Lunch, in Brisbane.

At 8:30am information about Services PMI from Great Britain will be released by Markit.

At 12:30pm, Trade Balance from Statistics Canada will provided.

At 12:30pm number of Unemployment Claims will be provided by US Department of Labor.

At 4:30pm ECB President Draghi speaks at the Jean Monnet Foundation, in Switzerland.

At 8:25pm Bank of Canada Governor Stephen Poloz speaks at the CanCham Mexico and Club de Industrialists, in Mexico City.

On Friday, at 1:30am Reserve Bank of Australia provides Monetary Policy Statement.

At 3:00am Reserve Bank of New Zealand will announce Inflation Expectations.

At 12:30pm, data from Statistics Canada will provided: Employment Change and Unemployment Rate.

At 12:30pm data from US labor market will arrive. Non-Farm Employment Change will be published. And of course, US Unemployment Rate and changes in monthly Average Hourly Earnings are issued together with US NFP.

At 5:30pm Federal Reserve Chair Yellen delivers a speech titled “125 Years of Women’s Participation in the Economy” at Brown University, in Providence.

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