30.04.2017 – Economic Calendar by Dukascopy
April 28, 2017 12:19 pmVideo
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There’s actually plenty on the schedule on the first day of May, so let’s take a closer look with the Economic Calendar.
If you trade commodity currencies, it might be a good idea to check out the closely watched Chinese April PMI, which will be released at 1 AM on Sunday. The manufacturing PMI has stood in the green for the past 8 months, and the March reading was the highest in 5 months.
Australian Performance of Manufacturing Index for April is also out on Sunday, at 11:30 PM. The Index eased in March from the 15-year high it reached in February.
Swiss Retail Sales for March will be available at 7:15 on Monday morning. Sales finally returned to growth in February, following two months of decline.
Coming up next at 12:30 PM GMT is the high importance US Personal Income and Spending for March. Income outpaced spending in February, and the trend could continue.
Canadian April Manufacturing PMI is out at half past 1. The Index has been growing for the past 6 months and now stands at its highest level since late 2013.
The highly anticipated US ISM Manufacturing PMI for April follows at 2. The Index lost half a point in March from the 2 year high reached the previous month.
US Construction Spending for April is due at the same time. Spending rebounded in March, fully reversing a point 4% drop a month ago.
Bank of Japan will publish the Minutes of its March meeting at 11:50. The meeting did maintain the bank’s accomodative policy, but the minutes could show some dissent.
Japanese Services PMI for April will be available at half past midnight. The Index saw a strong growth in March, driven by solid gains in output, new orders and employment.
The Caixin version of Chinese Manufacturing PMI for April is out at 1:45. The Index slipped in March but, more importantly, it does remain in the positive territory.
And Reserve Bank of Australia will release its latest Monetary Policy Statement at 4:30, which clearly is a high importance event for Aussie Dollar traders. No interest rate changes are expected, but the statement also includes an update on the economic outlook.
I’m Jack Everitt and this was the Economic Calendar for Monday, the 1st of May. Check back in for the next overview of news releases for Tuesday. Goodbye.
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