- FOMC decision on Wednesday is the highlight this week
- NFP report crucial for USD, Gold
- Bank of England could hint at rate hike on Thursday
This will be a very eventful week on the markets. As US earnings season winds down, we will have critical economic reports but this all could be overshadowed by central bank decisions, especially the Fed. Here’s the look at the whole week:
Monday:
ISM manufacturing index in the US (2 pm GMT) – after a very strong Chicago PMI reading on Friday we can expect another strong ISM but focus will be on prices
Final manufacturing PMI prints in Europe
Tuesday:
RBA decision (3:30am) – interesting after recent sharp bond yield increases. Will the Bank drop its YCC policies?
Q3 labour market data in New Zealand (9:45pm GMT)
earnings: Pfizer, ConocoPhillips
Wednesday:
FOMC decision (6 pm) and conference (6:30) – bond purchase program will be reduced but what will Powell say about rates? Are hikes possible for 2022? This will be the key event for the markets this week!
ADP report (1:15pm) and ISM services (3pm) reports in the US – the final glimpse of employment and economic activity data ahead of the Fed decision
Final services PMIs in Europe
earnings: EA, Qualcomm
Thursday:
Bank of England decision (12am) – there have been voices that the Bank looks forward to interest rate hike – will the decision help GBP?
earnings: Citrix, GoPro
Friday:
NFP report in the US (12:30am) – after 2 disappointing months a moderate employment gain (380k) is expected but the focus will be also on unemployment rate and wages. Yes, we will be after the FOMC decision but assuming Powell rejects an idea of 2022 rate hike, strong NFP reading would quickly have it back on the table
NFP report in Canada (12:30am)
Massive overliquidity helped fuel stock market rally. Even if the Fed tapers QE this week, this liquidity will stay here for a while. Source: Fred
Microsoft: Hedge Fund Sharply Cuts Position and Warns About AI Risks
🔴 Three markets to watch next week: EURUSD, CH50cash, OIL (08.05.2026)
Cloudflare: strong results, weak outlook, and a painful market reaction
US Open: Earnings season and strong NFP report drive Wall Street higher!
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
