The US NFP Update: What to Wait for?
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.
Euro reaches one-week maximum on hawkish comments
On Tuesday, the common currency demonstrated a one-week maximum because market participants added trading positions on a hawkish overnight statement by a policymaker, which reaffirmed bets the euro zone economy's outlook is still firm enough.
The euro’s ascend in 2017 has lost some momentum for the last days because political concerns – mainly Spain's Catalan crisis - have gone up pushing the common currency down versus the evergreen buck more than 3% for the last month.
However, on Tuesday, it bounced almost 0.4% hitting $1.1789, which is its highest outcome since October 2. It occurred after overnight comments from a member of the European Central Bank executive board, Sabine Lautenschlaeger, calling for the EU’s major financial institution to roll back asset purchases next year.
Market sentiment was also backed by upbeat data from Germany. In August, this country’s industrial output demonstrated its biggest monthly ascend for more than six years, as data disclosed on Monday.
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Bank of England Statement: What to Expect
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.
Australian Cash Rate Hot News
The Reserve Bank of Australia will make the cash rate statement on May 3, at 07:30 MT.
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What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
