Henry Liu
Former FPA Special Consultant
- Messages
- 473
Last week, Euro confidence dropped as inflation at its fastest place in two and a half years. The Federal reserve was also faced with the challenge of diminishing the unwanted effects of inflation. Therefore, Fed Chairman Bernanke announce that interest rates would be kept near zero for an extended period of time as the economy reported weak expansion in the first quarter.
US GDP continued on its slow path to recovery as economists reported a 1.8% increase in the first quarter. Overall, USD and carry trades continued on its bearish momentum in the absence of hawkish remarks from the FOMC.
Here’s what we want to focus on for next week:
1. Monday May 2, 2011- 10:00 am- USD ISM Manufacturing PMI
Historical Chart and Data
2. Tuesday May 3, 2011-12:30 am- AUD RBA Rate Statement
Historical Chart and Data
3. Tuesday May 3, 2011- 4:30 am- GBP Manufacturing PMI
Historical Chart and Data
4. Wednesday May 4, 2011-8:15 am- USD ADP Non Farm Employment Change
Historical Chart and Data
5. Wednesday May 4, 2011-10:00 am- USD ISM Non- Manufacturing PMI
Historical Chart and Data
6. Wednesday May 4, 2011-9:30pm- AUD Retail Sales m/m
Historical Chart and Data
7. Thursday May 5, 2011-4:30am- GBP Services PMI
Historical Chart and Data
8. Thursday May 5, 2011-7:00 am- GBP BOE Interest Rate
Historical Chart and Data
9. Thursday May 5, 2011-7:45 am- EUR ECB Interest Rate
Historical Chart and Data
10. Thursday May 5, 2011-10:00am- CAD Ivey PMI
Historical Chart and Data
11. Friday May 6, 2011- 7:00am- CAD Employment Change
Historical Chart and Data
12. Friday May 6, 2011- 8:30am-USD Non Farm Employment Change
Historical Chart and Data
We want to start the week by paying special attention to Monday’s US ISM Manufacturing report becuase a postive outlook remains on U.S exports as well as gains in manufacturer worker employment. Also , EUR and GBP will announce their interest rate statements. Don’t expect any significant gains in either sector as the ECB and MPC will probably try to hold interest rates as well to counteract the rising concerns about inflation.
Finally, on Friday May 6, The US will report the Non Farm Employment Change. Soft numbers are expected in this release mainly because jobless claims rose above 429K, thus showing an increase in filing activity.
Thanks,
US GDP continued on its slow path to recovery as economists reported a 1.8% increase in the first quarter. Overall, USD and carry trades continued on its bearish momentum in the absence of hawkish remarks from the FOMC.
Here’s what we want to focus on for next week:
1. Monday May 2, 2011- 10:00 am- USD ISM Manufacturing PMI
Historical Chart and Data
2. Tuesday May 3, 2011-12:30 am- AUD RBA Rate Statement
Historical Chart and Data
3. Tuesday May 3, 2011- 4:30 am- GBP Manufacturing PMI
Historical Chart and Data
4. Wednesday May 4, 2011-8:15 am- USD ADP Non Farm Employment Change
Historical Chart and Data
5. Wednesday May 4, 2011-10:00 am- USD ISM Non- Manufacturing PMI
Historical Chart and Data
6. Wednesday May 4, 2011-9:30pm- AUD Retail Sales m/m
Historical Chart and Data
7. Thursday May 5, 2011-4:30am- GBP Services PMI
Historical Chart and Data
8. Thursday May 5, 2011-7:00 am- GBP BOE Interest Rate
Historical Chart and Data
9. Thursday May 5, 2011-7:45 am- EUR ECB Interest Rate
Historical Chart and Data
10. Thursday May 5, 2011-10:00am- CAD Ivey PMI
Historical Chart and Data
11. Friday May 6, 2011- 7:00am- CAD Employment Change
Historical Chart and Data
12. Friday May 6, 2011- 8:30am-USD Non Farm Employment Change
Historical Chart and Data
We want to start the week by paying special attention to Monday’s US ISM Manufacturing report becuase a postive outlook remains on U.S exports as well as gains in manufacturer worker employment. Also , EUR and GBP will announce their interest rate statements. Don’t expect any significant gains in either sector as the ECB and MPC will probably try to hold interest rates as well to counteract the rising concerns about inflation.
Finally, on Friday May 6, The US will report the Non Farm Employment Change. Soft numbers are expected in this release mainly because jobless claims rose above 429K, thus showing an increase in filing activity.
Thanks,
Last edited by a moderator: