Week Ahead for FX, Bonds: U.S. Jobs Data in Focus as Middle East Tensions Continue
The U.S. jobs data for April is expected to be a key event for FX and bond markets in the coming week, with investors looking for signs of how the Middle East conflict has impacted the economy. U.S. money markets currently price a small chance of a Fed interest-rate cut by the end of the year.
The U.S. jobs data for April will be a major focus for FX and bond markets in the coming week. Investors are looking for evidence of how the Middle East conflict has impacted the economy. The nonfarm payrolls report for April is due on Friday, with analysts expecting a moderate increase of less than 100,000 jobs. The Federal Reserve meeting recently saw policymakers leave interest rates on hold, but three members dissented against the Fed's easing bias. Other key data releases include JOLTS job openings for March, ADP private payrolls figures for April, and weekly jobless claims. The ISM survey on U.S. services sector activity and the University of Michigan's preliminary consumer survey for May will also be watched for signs of how the U.S. economy is responding to higher energy prices.
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