Market focus

On Friday, 03.05.2019, the economic calendar will be eventful, especially the American trading session. Also the most significant data for the week and an employment report in the United States will be released this day.

In the first half of the day, you should pay attention to the statistics for Europe: consumer prices (CPI) in Switzerland and the Eurozone, which will have a significant impact on national currencies.

In the American session, the market attention will be focused on the publication of the US employment report. Expectations regarding it remain very restrained due to the relatively moderate growth of employed and expectations of maintaining the level of unemployment. But even with the justification of low-key forecasts, the US labor market remains very strong. Towards the end of the day, business activity data (PMI) in the USA is expected.

Hanzenko Anton