In the week, ahead, the NFP report on Friday will hog the limelight! A super busy economic calendar ahead with policy meetings from BoJ, RBA, Fed, and the U.S. NFP report scheduled. In addition, traders attention will turn to U.S. ISM manufacturing PMI as well as Eurozone’s GDP for Q1.
Monday is a Labour Day in U.K. and German as well as in other European countries, however, there are important economic data that are worth mentioning. The spotlight of the day is the economic growth forecasts which will be released by European Commission and the U.S. ISM Manufacturing PMI. At 12:30 GMT, in the U.S., the personal income and personal spending for March are coming out. The final Markit manufacturing PMI for March will be released as well as the ISM manufacturing PMI which is expected to tick slightly lower at 56.5 for this month from 57.2 previously. The ISM prices paid and the construction spending for March will be released as well. The ISM prices paid will slow down at 67.9 from 70.5 before.
Overnight, Bank of Japan will publish its meeting minutes. Later, the Reserve Bank of Australia will release its interest rate decision accompanied by a rate statement, however, there is no press conference to move the market significantly.
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