Market Opportunities : Week 03-05-2021 - 07-05-2021 | IFCM Turkey
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Market Opportunities : Week 03-05-2021 - 07-05-2021

GBPUSD: Bank of England interest rate decision in May is an important event for forex markets due May 26. There is a possibility the BOE may signal the outlook for the economy is improving in light of recent progress in vaccination and positive data, which will be bullish for GBPUSD.

USDIDX: US Bureau of Labor Statistics Non Farm Payrolls report is an important event in the May 3-7 week. In case the new jobs created in April exceed the previous month’s 916 thousand - the USDIDX will get a bullish boost.
Key Events to Watch
DateCountryEventForecastPrevious
2021-05-03
HKD
Hong Kong Gross Domestic Product (GDP) q/q 5.8%0.2%
2021-05-03
USD
ISM United States Manufacturing Purchasing Managers Index (PMI) 62.964.7
2021-05-04
AUD
Reserve Bank of Australia (RBA) Interest Rate Decision 0.10%
2021-05-05
NZD
New Zealand Employment Change q/q -0.2%0.6%
2021-05-05
NZD
Reserve Bank of New Zealand Governor Orr Speech
2021-05-05
USD
ADP United States Nonfarm Employment Change 742K517K
2021-05-05
USD
ISM United States Non-Manufacturing Purchasing Managers Index (PMI) 57.463.7
2021-05-06
BRL
Central Bank of Brazil Interest Rate Decision 2.75%
2021-05-06
NOK
Norges Bank Interest Rate Decision 0.00%
2021-05-06
EUR
European Union Retail Sales m/m 0.2%3.0%
2021-05-06
GBP
Bank of England (BoE) Interest Rate Decision 0.10%
2021-05-06
GBP
Bank of England (BoE) Governor Bailey Speech
2021-05-07
CAD
Canada Employment Change -6.6K303.1K
2021-05-07
USD
United States Nonfarm Payrolls -1K916K
2021-05-07
CAD
Ivey Canada Purchasing Managers Index (PMI) 79.772.9
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