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WEEK 18 (May 2 – 6): Forthcoming economic news-releases

The Federal Reserve kept interest rates unchanged. Janet Yellen statement was more optimistic, but with exception of US labor market, other statistics is not so good. So, chances of interest rate hike in June are quite illusive.
The yen goes up as market hadn’t heard about new easing efforts from Bank of Japan. But Canadian dollar goes up with oil prices.
On the coming week we are waiting information from Australia (rate decision), Draghi speech and of course the most important event of the week will be US Non-Farm Payrolls.

(All times are GMT)

On Monday, at 2:00pm European Central Bank (ECB) president Mario Draghi deliver a speech titled “The future of financial markets: A changing view of Asia” at the Asian Development Bank annual meeting, in Frankfurt.

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

At 4:30pm Swiss National Bank (SNB) Governing Board Chairman Thomas Jordan speaks at the Europa Forum, in Luzern.

On Tuesday, at 1:30am Australian Bureau of Statistics will publish monthly Building Approvals.

At 4:30am, Reserve Bank of Australia will announce Cash Rate – short term interest rates. And as usually, Rate Statement from Reserve Bank of Australia will follow.

At 8:30am Manufacturing PMI (Purchasing Managers’ Index ) in Great Britain will be released by Markit.

At 4:30pm Bank of Canada (BOC) Governor Stephen Poloz speaks at the Milken Institute, in Los Angeles.

At 10:45pm Statistics New Zealand will release quarterly 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 12:30pm, Statistics Canada will provide Trade Balance data.

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

At 2:30pm US Energy Information Administration releases Crude Oil Inventories data.

On Thursday, at 1:30am Australian Bureau of Statistics will announce monthly Retail Sales.

The same time, at 1:30am Australian Bureau of Statistics will publish monthly Trade Balance.

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

At 12:30pm numbers of Unemployment Claims are expected from US Department of Labor.

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

At 12:30pm, Statistics Canada will announce Employment Change and Unemployment Rate.

At the same time, at 12:30pm data from US labor market will arrive. As usually, US Non-Farm Payrolls, US Unemployment Rate and changes in monthly Average Hourly Earnings data are published on the first Friday of the month.

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