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, with investors looking for evidence 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 week starting May 4 will be crucial for FX and bond markets, with U.S. jobs data being the main event. Investors will look for evidence of how the Middle East conflict has impacted the economy. The latest nonfarm payrolls report for April is due on Friday, and is expected to show a moderate increase of less than 100,000 jobs. Other key data releases include JOLTS job openings, ADP private payrolls, and weekly jobless claims. The ISM survey on U.S. services sector activity and the University of Michigan's preliminary consumer survey will also provide insights into the U.S. economy. Meanwhile, the European Central Bank's recent rate decision and the Bank of England's rate announcement will be closely watched.
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