Important upcoming events and publications

Important upcoming events and publications for May 1 (GMT):

08:30 U.K. Manufacturing PMI is very often provoking a surge of volatility in case of significant deviations from expectations. Last month the index unexpectedly and sharply increased from 52.1 to 55.1. From April’s estimates, it is expected a decline to 53.2, reflecting a slowdown in growth. Impact on GBP: Moderate

14:00 U. S. Manufacturing ISM is able to have a noticeable impact on the trading process in pairs with the dollar, is a significant economic indicator before Friday’s employment data release. However, in anticipation of the FED’s comments, the market reaction may be more restrained than usual. Impact on USD: Moderate

17:00 FOMC announcement is in the focus of markets on Wednesday. Attention is on how long the pause in tightening the policy will be. Recent relatively strong macroeconomic data somewhat reduced fears around the state of the economy. Keeping the waiting mode from the FED is able to put pressure on the dollar and support the growth of stock markets. Impact on USD: high.

Detailed economic calendar