The US Dollar fell versus major currencies after April U.S. jobs data came in well below expectations, putting a damper on hopes that a roaring economic recovery would spur higher rates....
10 May 21 (Mon)
US adds 266,000 jobs in April vs. 978,000 expected
07 May 21 (Fri)
US Nonfarm Payrolls are expected to rise 978K in April from 916K. The Unemployment Rate is expected to drop to 5.7% from 6.0%. Average hourly earnings are expected to come out -0.4%, year on a year...
ECB Lagarde: ECB focus on price stability supports jobs, growth
Focus on the US Non-Farm Payrolls today! The US Jobs Report will be released at 12:30 p.m. (GMT).
Why Is This Important?
The Non-Farm Payrolls track the change...
since December, when the Fed said substantial further progress or for taper, have seen more vaccine rollout, and more fiscal aid
it is clear that the Fed will meet bar for tapering sooner...
06 May 21 (Thu)
GDP will grow 6.5% this year with risk to the upside
unemployment could fall below 4% this year
some of factors pushing up on inflation near term will get resolved within 12 mon...
Falling US Treasury yields have been one of the reasons underpinning the latest moves. Returns on 10-year Treasuries dropped below 1.60% and were hovering around 1.57% at the time of the upside mov...
USDCAD trades to the lowest level since September 2017
U.S. JOBLESS CLAIMS FALL TO NEW POST-PANDEMIC LOW OF 498,000; EST. 540,000
BoE Bailey says CPI to rise above 2% at end of the year due to transitory developments
- these temporary inflation effects have little medium-term significance
- MPC will f...
BoE expects GDP to rise sharply in Q2 2021 and recover to pre-Covid levels over the remainder of this year absent restrictions Says outlook remains uncertain
One-Week Repo Rate (Mar)
BoE says inflation should return to around its 2% target later this year
BoE holds corporate bond QE target at 20bn; gilt purchase target at 875bn, as expected
Bank of England leaves monetary policy unchanged
1. BoE Interest Rate Decision
The Bank of England monetary policy committee will announce the results of its latest meeting today. The BoE is expected to leave interest r...
US weekly oil inventories -7990K vs -2000K expected
05 May 21 (Wed)
Crude oil stocks today to be published in the U.S and it is expected to fall by -2.346M this week. If we look at last week data; oil stocks rose by 0.090M barrels. It will be important for oil pric...
US Markit Services PMI Final 64.7, Exp. 63.1
U.S ADP NONFARM EMPLOYMENT CHANGE (APR) ACTUAL: 742K VS 517K PREVIOUS; EST 850K
We will focus on the release of ADP measure of private-sector employment for April. The ADP data is expected to rise by 800K last month, up from a gain of 517K in April. A higher than expected reading...