fxprimus safest place to trade fx forex online trading investment photo logo fxprimus safest place to trade fx forex online trading investment photo logo

FXPrimus has summarized the important market indicators of the week.

This Week’s Indicators

Last week the U.S Dollar gained on all pairs ( JPY, GBP, EUR, etc) due to strong U.S indicators, while Gold fell as US Economic data stayed the course.

This week is expected to be a strong week amid news on all fronts, (AUD, CAD, GBP, USD) and is expected to be carried through the week until Friday’s Non-Farm Payroll announcement.

EURUSD DAILY CHART

April 30th, Monday

NZD’ ANZ Business Confidence and RBA’s Governor’s speech during a light economic calendar.

A quiet day on the economic calendar for the start of the week with a speech of RBA’s governor Philip Lowe in the ANZ Business Confidence for the end of April.

May 1st, Tuesday

Increased market volatility to be expected on various pairs, despite Labor Day, amidst RBA’s Rate Statement, followed by GBP Manufacturing PMI, CAD GDP, and USD Manufacturing PMI.

Tuesday will be a busy day for traders as 4 major Currencies have economic data which can cause market movement and are expected to have high volatility, starting the day with RBA’s Statement at 07:30, GMT +2, and then followed by GBP manufacturing PMI at 11:30 GMT+2.

Then RBA’s Governor Lowe will have a speech.

On The Americas front, there is at 15:30 GMT +2 GDP data coming from Canada and then at 17:00 GMT +2 the Manufacturing PMI for the United States.

All and all a busy day is to be expected for Tuesday.

May 2nd, Wednesday

NZ still starts the day on the headlines, but the GBP and USD take the lead to carry on until the end of the week.

Volatility in the session will kick-in early in Australian opening as at 01:45 GMT + 2 the Employment Change and Unemployment Rates will be published.

In the European front now the only major economic data is regarding the Construction PMI for GBP which is expected to be higher.

Moving over to the U.S and the busiest part of the day where a lot of volatility is expected after a series of important data is coming, starting with ADP release, followed by Crude Oil Inventories, and closing the day with FOMC and Federal Fund Rates news, which will position the market ahead of NFP on Friday.

May 3rd, Thursday

The continuation of important economic news continuous with AUD’s Trade Balance, followed by GBP’s Service PMI, CAD Trade Balance, USD’s ISM Non-Manufacturing PMI, and CHF’s CNB Chairman’s speech.

Australia’s exports are expected to be higher than imports showing hawkish movement for the AUD, at the start of the day for their Trade Balance data.

UK is expected to show expansion in their service PMI.

Following that Canada has their own Trade Balance news to share, and ending the day is the ISM Non-Manufacturing PMI for The U.S and for the CHF SNB’s Chairman Jordan is having a speech

May 4th, Friday

NFP is taking center stage, with additional news for AUD. Friday starts at 04:30 GMT +2 with RBA’s Monetary Policy Statement for the Australian Market.

Nothing else is happening until 15:30 GMT+2 when the NFP announcement is about to come together with Unemployment Rate and Average Hourly Earnings to wrap up a rather busy start of May.

1

DerivDeriv

4.3 rating based on 178 ratings
4.3/5 178
2

FXGTFXGT

4.0 rating based on 44 ratings
4/5 44
3

IronFXIronFX

4.8 rating based on 241 ratings
4.8/5 241
4

XMXM

4.8 rating based on 1,221 ratings
4.8/5 1221
5

EXNESSEXNESS

3.9 rating based on 199 ratings
3.9/5 199
1

bybitbybit

4.2 rating based on 3,330 ratings
4.2/5 3330
2

BinanceBinance

4.3 rating based on 7,672 ratings
4.3/5 7672
3

BitgetBitget

4.3 rating based on 42 ratings
4.3/5 42
4

BitMEXBitMEX

3.8 rating based on 6,919 ratings
3.8/5 6919
5

YObitYObit

2.5 rating based on 5,433 ratings
2.5/5 5433