Macroeconomic data & events of the week

You have to find and interpret data about key economic indicators, such as unemployment, GDP and house sales, in order to analyse the health of the world's economies and make better trading decisions.

Macroeconomic data are the fields on which you must concentrate when you want to get a clear and true picture of an economy. This is because, when you read the news, reporters by people, even unintentionally interpret the information and make it their own, what is left is an opinion rather than reality. You, as a trader, must be focused on and only interested in reality.

Every day, Forex traders (and others) study and analyse news and macroeconomic data in order to exploit them profitably in their trading activities. When they are given the news that creates a slight instability in a currency, this currency tends to lose purchase value, that is, to lose value against other currencies.

I wish to state that it is not necessary to be an expert economist, all you need is a dedication to your trading activities, just like with any other job.

Below, you can see the most important events and macroeconomic data for the week of 2 - 6 May 2022 (GMT+0 – Western European Standard Time Zone) of the world’s most important economies, those that move the markets.

2 May   CNY   All Day - China - Labor Day
2 May   GBP   All Day - United Kingdom - Bank Holiday
2 May   EUR   07:00 - German Retail Sales (MoM) (Mar)
2 May   USD   15:00 - ISM Manufacturing PMI (Apr)

3 May   CNY   All Day - China - Labor Day
3 May   JPY   All Day - Japan - Constitution Day
3 May   AUD   05:30 - RBA Interest Rate Decision
3 May   USD   15:00 - JOLTs Job Openings (Mar)
3 May   NZD   23:45 - Employment Change (QoQ) (Q1)
3 May   NZD   23:45 - Unemployment Rate (Q1)

4 May   CNY   All Day - China - Labor Day
4 May   JPY   All Day - Japan - Greenery Day
4 May   AUD   02:30 - Retail Sales (MoM) (Mar)
4 May   EUR   10:00 - Retail Sales (MoM) (Mar)
4 May   USD   13:15 - ADP Nonfarm Employment Change (Apr)
4 May   USD   15:00 - ISM Non-Manufacturing PMI (Apr)
4 May   USD   19:00 - Fed Interest Rate Decision

5 May   AUD   All Day - Japan - Greenery Day
5 May   AUD   02:30 - Trade Balance (Mar)
5 May   GBP   12:00 - BoE Interest Rate Decision
5 May   USD   13:30 - Initial Jobless Claims

6 May   AUD   02:25 - RBA Monetary Policy Statement
6 May   USD   13:30 - Average Hourly Earnings (MoM) (Apr)
6 May   USD   13:30 - Nonfarm Payrolls (Apr)
6 May   USD   13:30 - Unemployment Rate (Apr)
6 May   CAD   13:30 - Employment Change (Apr)
6 May   CAD   13:30 - Unemployment Rate (Apr)
6 May   CAD   15:00 - Ivey PMI (Apr)

For more details, you can check out the Economic Calendar which will ensure you always stay up-to-date.