Week Ahead May 6th 2024

Hi investors and traders! welcome to our Forex trading Signal and Analysis Site! Here we share, the Global News of the Week Ahead May 6th 2024 in America, Europe, and Asia Stay with us and take profit in the forex trading Market together! TPwithUS signals and analysis are based on Price actions, Gann Angels, and Astrology!

Global News of Week Ahead May 6th, 2024

A quiet week in the US features Michigan consumer confidence and Fed speeches. Big-cap earnings and global central bank decisions dominate. Key data releases include China’s PMIs, trade, inflation, and loans; Germany’s factory orders, industrial production, and trade balance; and various countries’ GDP growth.

America on Week Ahead 

The US economic calendar is light, focusing on Fed remarks for monetary policy insights. Key indicators like Michigan Consumer Sentiment and jobless claims will be monitored. In America, Brazil’s central bank may cut borrowing costs. Key data to watch includes Canada’s employment, Mexico’s inflation and consumer morale, Brazil’s economic figures, and S&P Global Services PMI.

Europe on the Week Ahead

UK Bank of England keeps policy unchanged amid lower inflation. Governor Bailey expects it to meet the 2% target. Europe awaits ECB accounts and interest rate decisions in Sweden and Poland. Key UK data includes Q1 GDP, business investment, and foreign trade balance. Final services PMI confirms growth in major European economies. German factory orders, Euro Area retail sales, and other regional data were also released.

Asia, Australia on the Week Ahead

China’s April trade figures will indicate the economy’s progress and foreign demand support. BoJ’s Summary of Opinions will hint at the central bank’s policy stance. Japan releases balance of payments, showing the yen’s impact. India shares March industrial production. Indonesia, Philippines, and Malaysia update on GDP, inflation, and unemployment. Australia’s RBA expects an unchanged key interest rate.