We welcome you to the trading month of May and we hope for new profitable opportunities and greater willingness on the part of investors to take risks, increasing the volatility on the markets.
Today’s analysis will be brief due to a public holiday.
This week’s main risk event will be the U.S. non-farm payrolls report on Friday but analysts doubt that the report will help the U.S. dollar strengthen. On the contrary, if labor market data fail to impress, the greenback could be vulnerable to further losses, sending its major peers even higher. Before going into Friday’s report, both ISM indices, scheduled for release on Monday and Wednesday, could help evaluating the payrolls’ possible outcome.
European Central Bank President Mario Draghi speaks today at 14:00 UTC in Frankfurt, which could affect the euro in the short-term.
Important data and speeches for today:
7:55 EUR German Manufacturing PMI
14:00 USA ISM Manufacturing
14:00 EUR Draghi speaks
(Time zone: UTC)
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