With 48 hours left in the trading week all eyes will be on Australia for its Thursday morning announcements of new home sales, retail sales and trade balance. Japan is still on holiday but will return to the office on Friday which will make for an interesting end to the week.
Europe will see some action starting with March UK housing will be released early morning European time. The EU will follow with its monthly economic bulletin release which could give some indication of what the EU will do to increase liquidity. Finally the UK will end Thursday’s European trading day with its services PMI.
Canada will be releasing its building permits for March at the beginning of the North American trading day and at the same time initial jobless claims will be released in the United States. All will remain quiet until the evening when FOMC members Bullard, Kaplan, Lockhart and Williams speak.
Friday will be a big data day in North America where US nonfarm payrolls for April will be released along with the unemployment rate, participation rate private nonfarm payrolls and the average hourly earnings. Canada will also be releasing its major labor statistics along with the Ivey PMI.
Friday will be capped off with the Baker Hughes US rig count. The previous number was 332.
|43 min||AUD||HIA New Home Sales (MoM) (Mar)||-5.3%|
|21:30||AUD||Retail Sales (MoM) (Mar)||0.3%||0.0%|
|21:30||AUD||Trade Balance (Mar)||-2.900B||-3.410B|
|21:45||CNY||Caixin Services PMI (Apr)||52.6||52.2|
|Thursday, May 5, 2016|
|All Day||Holiday||Switzerland – Ascension Day|
|All Day||Holiday||Japan – Children’s Day|
|03:30||GBP||Halifax House Price Index (YoY)||9.6%||10.1%|
|03:30||GBP||Halifax House Price Index (MoM)||0.1%||2.6%|
|04:00||EUR||ECB Economic Bulletin|
|04:30||GBP||Services PMI (Apr)||53.5||53.7|
|08:30||USD||Initial Jobless Claims||260K||257K|
|08:30||CAD||Building Permits (MoM) (Mar)||-5.0%||15.5%|
|11:30||USD||FOMC Member Bullard Speaks|
|19:15||USD||FOMC Member Bullard Speaks|
|19:15||USD||FOMC Member Kaplan Speaks|
|19:15||USD||FOMC Member Lockhart Speaks|
|19:15||USD||FOMC Member Williams Speaks|
|21:30||AUD||RBA Monetary Policy Statement|
|Friday, May 6, 2016|
|08:30||USD||Average Hourly Earnings (MoM) (Apr)||0.3%||0.3%|
|08:30||USD||Nonfarm Payrolls (Apr)||202K||215K|
|08:30||USD||Participation Rate (Apr)||63.0%|
|08:30||USD||Private Nonfarm Payrolls (Apr)||193K||195K|
|08:30||USD||Unemployment Rate (Apr)||5.0%||5.0%|
|08:30||CAD||Employment Change (Apr)||1.0K||40.6K|
|08:30||CAD||Unemployment Rate (Apr)||7.2%||7.1%|
|10:00||CAD||Ivey PMI (Apr)||52.5||50.1|
|13:05||USD||Baker Hughes U.S. Rig Count||332|
|15:30||GBP||CFTC GBP speculative net positions||-48.7K|
|15:30||USD||CFTC Crude Oil speculative net positions||334.3K|
|15:30||USD||CFTC Gold speculative net positions||220.9K|
|15:30||USD||CFTC S&P 500 speculative net positions||1.5K|
|15:30||AUD||CFTC AUD speculative net positions||59.5K|
|15:30||JPY||CFTC JPY speculative net positions||66.5K|
|15:30||EUR||CFTC EUR speculative net positions||-39.7K|