We’re past the peak of earnings season but there’s still lots of news that could potentially move the markets in the coming week. We’re transitioning from one of the strongest times of the year for stocks to one of the weaker time into May and June. This week’s ADP and nonfarm payrolls plus manufacturing and service PMI may give traders a better idea of which way the US economy is heading into spring.
In addition to all the data on the way, there are a number of Fed speakers now that the blackout is over so we could see more speculation on whether a June rate hike is on the table or not influence currencies and indices.
Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.