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Economic calendar (GMT0):
01:00 Australia HIA New Home Sales, m/m March +4.6% +0.2%
01:30 Australia Producer price index, q / q Quarter I +0.2% +0.6% +0.9%
01:30 Australia Producer price index, y/y Quarter I +1.9% +2.1% +2.5%
07:30 Switzerland Manufacturing PMI April 54.4 55.1 55.8
07:48 France Manufacturing PMI (Finally) April 52.1 50.9 51.2
07:53 Germany Manufacturing PMI (Finally) April 53.7 54.2 54.1
07:58 Eurozone Manufacturing PMI (Finally) April 53.0 53.3 53.4
08:30 United Kingdom PMI Construction April 62.5 62.2 60.8
09:00 Eurozone Unemployment Rate March 11.9% 11.9% 11.8%
The euro showed no clear direction against the U.S. dollar. Investors are waiting for the publication of U.S. labour market data. But Eurozone’s PMI was higher. Markets were also unimpressed by the release of Eurozone’s economic data. Eurozone’s manufacturing purchasing managers' index (PMI) climbed to 53.4 in April from 53.0 in March (forecast: 53.3). Eurozone’s unemployment decreased slightly in March. The unemployment rate dropped to 11.8% from 11.9% in February (forecast: 11.9%).
The U.S. dollar traded mixed against the most major currencies. Market participants are cautious ahead of U.S. nonfarm payrolls release. Analysts expect that the unemployment rate should decrease to 6.6% in April from 6.7% in March and 211,000 jobs should be added in April.
The British pound was down against the U.S. dollar. Investors were disappointed by the worse-than-expected U.K. construction data. The U.K. construction purchasing managers' index decreased to 60.8 in April from 62.5 in March. Analysts forecasted the decrease to 62.2.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair decreased to 1.6854
USD/JPY: the currency pair climbed to Y102.57
The most important news that are expected (GMT0):
12:30 U.S. Average workweek April 34.5 34.5
12:30 U.S. Average hourly earnings April 0.0% +0.2%
12:30 U.S. Nonfarm Payrolls April 192 211
12:30 U.S. Unemployment Rate April 6.7% 6.6%
Orders March +1.6%
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