Forex News Trading Strategy For The Week May 2nd - 6th

Jarratt Davis

Special Consultant to the FPA

This week is comparatively quite in terms of Forex News events. The highlight is US employment figures on Friday. Other releases worth keeping an eye on are New Zealand Employment data, UK Services PMI’s and RBA monetary policy statement.

Full list of Forex news trading events taking place this week:

Monday 2nd.

3:00pm BST – ECB President Draghi Speaks.
3:00pm BST – US ISM Manufacturing PMI.
6:25pm BST – SNB Chairman Jordan Speaks.

Tuesday 3rd.

2:30am BST – Australian Building Approvals m/m.
2:45am BST – Caixin Manufacturing PMI.
5:30am BST – Australian Cash Rate and RBA Rate Statement.
Tentative – New Zealand GDT Price Index.
5:30pm BST – BOC Gov Poloz Speaks.
11:45pm BST – New Zealand Employment Change q/q and Unemployment Rate.

Wednesday 4th.

9:30am BST – UK Construction PMI.
1:15pm BST – US ADP Non-Farm Employment Change.
1:30pm BST – Canadian Trade Balance.
3:00pm BST – US ISM Non-Manufacturing PMI.
3:30pm BST – US Crude Oil Inventories.

Thursday 5th.

2:30am – Australian Retail Sales m/m and Trade Balance.
9:30am BST – UK Services PMI.
1:30pm BST – US Unemployment Claims.

Friday 6th.

2:30am BST – RBA Monetary Policy Statement.
1:30pm BST – Canadian Employment Change and Unemployment Rate.
1:30pm BST – US Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate.

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