The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.
China's fresh Yuan factor comes into play when national currency drops
Since China changed how it actually calculates the Yuan's guidance rate, traders have discovered that this factor is lopsided and also operates mostly to ongoing Yuan depreciation.
The hidden factor put in place by China’s major financial institution to diminish price swings has been at play only on days when the currency’s last session close turned to be weaker than intended.
The major bank introduced the so-called counter-cyclical factor into its formula, determining the mid-point reference rate for the Chinese currency in late May telling it would enable the Yuan’s value to better reflect demand and supply.
That secretive factor has already made it nearly unreal for the market to evaluate each day's mid-point, around which the Chinese currency is allowed to trade.
Traders suspect the fresh formula is basically aimed at keeping the Chinese Yuan steady, in particular to prevent it dropping excessively and to change market hopes as for its depreciation.
The Bank of England will publish its Monetary Policy Report and Summary, Official Bank Rate, and its votes on May 5 at 14:00 MT.
The Reserve Bank of Australia will make the cash rate statement on May 3, at 07:30 MT.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.