The first week of May starts with holidays in China and Japan that will extend to Wednesday and Thursday respectively. However, we’ll have important data releases across the whole week, starting with the US ISM today and ending with the US NFP on Friday. Both reports will be important as traders will look into potential pressure on the Fed to taper sooner than they would like to.
Today’s calendar:
Start investing today or test a free demo
Open real account TRY DEMO Download mobile app Download mobile app- German March retail sales already behind us – stunning +11% y/y (-0.3% expected!)
- Final industrial PMIs in Europe (9am BST for the EMU), Canada (2:30pm) and US (2:45pm)
- US ISM manufacturing (3pm, consensus 65, previous 64.7) – investors will look especially at the price component that was at stunning 85.6 in March
- Fed speeches: NY Williams (7:10pm) and Powell (7:20pm)
Key events this week:
- Tuesday: RBA decision
- Wednesday: ADP report, ISM services
- Thursday: BoE decision (look for a possible taper discussion)
- Friday: NFP report, Canadian payrolls
Any inflation fears should be reflected in bond prices and this will be important for Gold.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.