Weekly Analysis (29 April - 3 May)
| Time | Currency | Event |
| Monday | ||
| 12:00 | EUR | Inflation Rate YoY Prel |
| 14:30 | USD | Dallas Fed Manufacturing Index |
| 23:30 | JPY | Unemployment Rate |
| Tuesday | ||
| 01:30 | CNY | NBS Manufacturing PMI Caixin |
| 01:45 | CNY | Manufacturing PMI |
| 08:00 | EUR | GDP Growth Rate QoQ Flash |
| 09:00 | EUR | Ger GDP Growth Rate QoQ Flash |
| 14:00 | USD | CB Consumer Confidence |
| Wednesday | ||
| 00:30 | JPY | Jibun Bank Manufacturing PMI |
| 08:30 | GBP | S&P Global Manufacturing PMI |
| 14:00 | USD | ISM Manufacturing PMI |
| 18:00 | USD | Fed Interest Rate Decision |
| 18:30 | USD | Fed Press Conference |
| Thursday | ||
| 05:00 | JPY | Consumer Confidence |
| 08:00 | EUR | HCOB Manufacturing PMI |
| 23:30 | AUD | Judo Bank Services PMI Final |
| Friday | ||
| 09:00 | EUR | Unemployment Rate |
| 12:30 | USD | Non-Farm Payrolls |
| 12:30 | USD | Unemployment Rate |
In the United States, the focus will be on the Federal Open Market Committee (FOMC) meeting, where it is anticipated that borrowing costs will remain at their current levels. Market participants will pay close attention to Chair Powell's comments for hints about potential rate cuts expected throughout the year, especially given ongoing inflationary pressures. The economic calendar is also packed, with the non-farm payrolls anticipated to show a rise of 210K in April, down from 303K in March. The unemployment rate is projected to hold steady at 3.8%, with monthly wage growth expected at 0.3%. Other significant data includes April's ISM PMI surveys, JOLTs job openings, foreign trade, the first-quarter employment cost index, productivity reports, Case-Shiller home prices, ADP Employment Change, factory orders, and regional indexes like the Dallas Fed Manufacturing Index and Chicago PMI. Additionally, the first-quarter earnings season will see updates from major corporations such as Apple, Amazon, 3M, Coca-Cola, McDonald's, Starbucks, AMD, PayPal, ADP, Estee Lauder, Mastercard, Pfizer, Amgen, Moderna, and Novo Nordisk.
In Canada, attention will be on GDP and trade data.
Europe's economic landscape will also be bustling with activity. The Eurozone is expected to report a 0.2% expansion in GDP for the first quarter after a stagnant end to 2023. Inflation is likely to stay at 2.4%, near its lowest in two years. Key releases include consumer price inflation, unemployment for March across Germany, France, Spain, and Italy, and various PMI figures. Other data to watch include the Eurozone business survey, Germany's retail sales, the UK's monetary indicators, and inflation rates from Switzerland, Turkey, and Poland.
In Asia, China's PMIs are expected to indicate a slight slowdown, which may temper optimism about the economy's momentum. Japan will release data on consumer confidence, unemployment, retail sales, industrial production, and housing starts for March, with the Bank of Japan's meeting minutes also due for release. Australia will focus on the trade balance, retail sales, housing, credit data, and the Ai Group industry gauge for April.
Overall, investors globally will have several data and earnings
reports to observe, influencing market sentiments and investment decisions.