Economic Calendar for Today

May 3, 2022
Posted by: admin
Category: Economics

The US dollar maintains its dominance. Even the Australian dollar, which received support from a larger-than-expected interest rate hike, is unable to match the strength of the US dollar. The EURUSD pair is all the way around the 1.05, while USDJPY remains above 130. US 10-year bond yields are back above 3% in anticipation of Wednesday’s US interest rate decision.

Interestingly, there has been speculation that the Fed, despite its hawkish stance, will not fight inflation as much as it did under Paul Volcker, which gives hope for a recovery on Wall Street. Still, the corporate earnings season on Wall Street leaves a rather bleak picture.

Today’s session is rather quiet in terms of the number of macroeconomic readings, although that does not mean there is nothing to pay attention to. Before noon, we expect a lot of readings from Europe. However, the session may be a little less volatile due to the day off in many Asian countries as well as in Turkey and Poland.

Economic Calendar:

08:55 BST Germany – Unemployment change (exp.: -15k; prev.: -19k)

09:30 BST UK – Manufacturing PMI Index for April (exp.: 55.3; prev.: 55.3)

10:00 BST EMU – PPI Inflation Rate for March (exp.: 36.3% YoY; prev.: 31.4% YoY)

15:00 BST US – Factory Orders for March (exp.: 1.1% MoM; prev.: -0.5% MoM)

15:00 BST US – JOLTS Job Openings for March (exp.: 11m; prev.: 11.26m)

21:30 BST US – API Weekly oil inventories change (prev.: +4.78 mbd)

Earnings Calendar: