1Finance

The US dollar had a positive week despite a lack of really convincing data. GDP from Canada and Australia, a buildup to the Non-Farm Payrolls, OPEC Meetings and the ECB decision stand out in a very busy week.

1. Canadian GDP data: Tuesday, 12:30. March GDP is expected to remain flat.
2. US CB Consumer Confidence: Tuesday, 14:00. Consumer confidence is expected to reach 96.1 in May.
3. Australian GDP data: Wednesday, 1:30. Economists expect GDP to grow 0.6% in the first quarter.
4. Chinese Caixin Manufacturing PMI: Wednesday, 1:45. A minor drop is expected for May: from 49.4 to 49.3 points.
5. US ISM Manufacturing PMI: Wednesday, 14:00. The manufacturing sector is expected to remain in the grow zone with 50.6.
6. OPEC Meetings: Thursday. Mohammed bin Saleh al-Sada president of OPEC said a minimum price of $65 a barrel is “badly needed at the moment.”
7. ECB Rate decision: Thursday, 11:45.
8. US ADP Non-Farm Payrolls: Thursday, 12:15. ADP non-farm payrolls is expected to register a job gain of 179,000.
9. US Unemployment Claims: Thursday 12:30. The number of new jobless claims is expected to reach 271,000 this week.
10. US Crude Oil Inventories: Thursday, 15:00.
11. US Non-Farm Payrolls: Friday, 12:30. Non-Farm Payrolls is expected to show a job addition of 160,000 while the unemployment rate forecast is 4.9%.
12. US ISM Non-Manufacturing PMI: Friday, 14:00. U.S. service sector is expected to expand to 55.4 this time.

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