Today, JustForex’s team of financial analysts has prepared a new review of events in the upcoming week.

These events can significantly affect the Forex market.

Choose and track the ones that are most important to you.

On Friday, the US published a rather weak statistics on the labor market. In April, the average hourly wage growth slowed from 0.2% to 0.1%. In the non-agricultural sector of the country, 164,000 new jobs were created, which is below the forecasted value of 189,000. At the same time, the unemployment rate dropped from 4.1% to 3.9%.

In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.

May 7th, Monday

On Monday, the news feed will be fairly calm.

The publication of important economic reports is not planned.

We recommend paying attention to the speech by the FOMC member Kaplan.

At 02:50 (GMT+3:00) the minutes of the meeting on the monetary policy of the Bank of Japan will be published.

May 8th, Tuesday

On Tuesday, investors’ attention will be focused on the following economic reports:

• Retail sales in Australia at 04:30 (GMT+3:00);
• A number of open jobs in the JOLTS labor market at 17:00 (GMT+3:00).

May 9th, Wednesday

On Wednesday, the news feed will be fairly calm.

We recommend paying attention to statistics from the USA:

• Producer price index at 15:30 (GMT+3:00);
• Crude oil inventories at 17:30 (GMT+3:00).

May 10th, Thursday

On Thursday, central banks of New Zealand and the UK will make decisions on key interest rates.

We recommend you to pay attention to the comments by regulators’ representatives.

Important statistics:

• Manufacturing production in the UK at 11:30 (GMT+3:00);
• Inflation report in the USA at 15:30 (GMT+3:00).

May 11th, Friday

The trading week will end with the publication of the report on the labor market in Canada at 15:30 (GMT+3:00).