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• The Week Ahead: 2nd – 5th May 2023

The Week Ahead: 2nd – 5th May 2023

Overview for the Week Ahead

Wednesday’s Federal Reserve decision is set to be the highlight of the week, with the central bank expected to announce another quarter point rate hike. A barrage of earnings are also on deck, including results from Apple. The U.S. jobs report and central bank meetings in the Eurozone and Australia round out the week.

The Fed is expected to raise interest rates by another 25 basis points on Wednesday against a background of still persistent inflation and growing concerns over the economic outlook.

The U.S. is to release the April employment report on Friday, which is expected to show the economy added 180,000 jobs. While still a solid number it would mark a third consecutive month of moderating jobs growth.

The European Central Bank is set to hike rates again on Thursday with both a 25-basis point and a 50-basis point hike on the table. Tuesday’s data on Eurozone inflation and bank lending will tip the scales.

With all these reports and more, have your trading charts ready!

This Week’s High Impact Events

The times below are GMT +3.

Tuesday 2^nd May

• 14.20 – Australia – RBA Gov Lowe Speaks

Potential instruments to Trade: AUD Crosses. 

• 17.00 – US – JOLTS Job Openings

Potential instruments to Trade: USD Crosses. 

Wednesday 3^rd May

• 01.45 – New Zealand – Employment Change q/q, Unemployment Rate

Potential instruments to Trade: NZD Crosses. 

• 04.00 – New Zealand – RBNZ Gov Orr Speaks

Potential instruments to Trade: NZD Crosses. 

• 15.15 – US – ADP Non-Farm Employment Change

Potential instruments to Trade: USD Crosses. 

• 17.00 – US – ISM Services PMI

Potential instruments to Trade: USD Crosses. 

• 21.00 – US – FOMC Statement, Federal Funds Rate

Potential instruments to Trade: USD Crosses. 

• 21.30 – US – FOMC Press Conference

Potential instruments to Trade: USD Crosses. 

Thursday 4^th May

• 15.15 – Europe – Main Refinancing Rate, Monetary Policy Statement

Potential instruments to Trade: EUR Crosses. 

• 15.30 – US – Unemployment Claims

Potential instruments to Trade: USD Crosses. 

• 15.45 – Europe – ECB Press Conference

Potential instruments to Trade: EUR Crosses. 

• 17.00 – Canada – Ivey PMI

Potential instruments to Trade: CAD Crosses. 

• 19.50 – Canada – BoC Gov Macklem Speaks

Potential instruments to Trade: USD Crosses. 

Friday 5^th May

• 04.30 – Australia – RBA Monetary Policy Statement

Potential instruments to Trade: AUD Crosses. 

• 09.30 – Switzerland – CPI m/m

Potential instruments to Trade: CHF Crosses. 

• 12.00 – Switzerland – SNB Chairman Jordan SPeaks

Potential instruments to Trade: CHF Crosses. 

• 15.30 – Canada – Employment Change, Unemployment Rate

Potential instruments to Trade: CAD Crosses. 

• 15.30 – US – Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate

Potential instruments to Trade: USD Crosses. 

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

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