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.
Yen pares revenues in Asia after BOJ leaves its rate intact
On Tuesday, the Japanese yen pared earlier revenues in Asia because the Japanese major financial institution showed that meeting sustained 2% inflation objective remains years away notwithstanding aggressive monetary policy easing.
The currency pair USD/JPY sank 0.01% reaching 113.17, AUD/USD hit 0.7677, sliding 0.14%. Meanwhile, EUR/USD went down 0.11% being worth 1.1637, GBP/USD decreased 0.03% showing an outcome of 1.3204.
Assessing the greenback’s value versus a basket of six crucial currencies, the US dollar index rallied 0.08% reaching 94.46.
On Tuesday, the BOJ left its asset purchases at about ¥80 trillion annually exactly as anticipated, with the short-term interest rate staying at 0.1%.
Aside from that the Bank of Japan kept its core inflation estimate at 1.8% for FY2019/20, intact from July as it repeated its view on the Japanese economy that risks happen to be well-balanced.
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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.
