Most important market events and Forex news this week 1 May 2017


On Friday EURUSD has increased, supporting with the strong inflation data in EUR zone, while USDJPY has increased where the strong American salaries data Compensated numbers suggests to a slowing in economic growth in the first third months of 2017.
The following are the main events expected this week:
Monday May 1
Financial markets in Shanghai, Hong Kong and Europe will be closed for holidays.
The European Commission will issue its economic forecasts for the EU region.
US Treasury Secretary Stephen Menuchin is due to speak on an occasion in Los Angeles.
The United States will publish data on personal income and personal expenses.
Later on Monday, the Institute of Supply Management will publish a report on the manufacturing index.
Tuesday May 2
China will publish a report on the Kaixin Industrial PMI.
The Reserve Bank of Australia will announce its benchmark interest rate and publish a price statement that will determine the economic conditions and factors influencing the monetary policy decision.
The United Kingdom will also publish data on manufacturing activity.
Wednesday May 3
Financial markets in Japan and Hong Kong will close for holidays.
New Zealand will publish its quarterly employment report.
The Eurozone will also publish preliminary estimates for Q1 economic growth.
The United Kingdom will publish data on construction activity.
The US will publish the Non-Farm Payrolls Report for January and a report on the Non-Manufacturing PMI will be released.
The Federal Reserve will announce its benchmark interest rate and release its monetary policy statement.
Thursday May 4
Japan’s financial markets will close for a holiday.
Australia will present a report on its trade balance.
The UK will also publish data on the activity of the service sector.
Canada will publish its latest business figures.
The United States will publish a range of economic reports, including data on initial jobless claims, trade balance and factory orders.
European Central Bank President Mario Draghi is due to speak at an event in Switzerland.
Bank of Canada Governor Stephen Boloz will also speak at an event in Mexico.
Friday May 5
Japan’s financial markets will close for a holiday.
The Reserve Bank of Australia will publish its monetary policy statement.
New Zealand will also publish data on inflation expectations.
Canada will publish its monthly employment report and the Bifi Ivey Index.
The US is due to approach the April Non-Farm Payrolls report, and Federal Reserve Chairman Janet Yellen will speak at an event in Providence. Fed Chairman Stanley Fischer will also speak at an event in Stanford.