FxWirePro: The Day Ahead- 4th May 2017

Not many economic data and events scheduled for today and some with high volatility risks associated.

Data released so far:

• Australia: HIA new home sales declined by 1.1 percent in March. Trade balance for March came at $3.1 billion. Exports grew by 2 percent and import grew by 5 percent.
   
• China: Caixin services PMI for April declines to 51.5

Upcoming:

• Switzerland: SECO consumer climate report will be released at 5:45 GMT.
   
• Spain: unemployment change report for April will be published at 7:00 GMT, followed by services PMI report at 7:15 GMT.
   
• Italy: Markit services PMI report will be released at 7:45 GMT.
   
• France: Services PMI report will be released at 7:50 GMT.
   
• Germany: Services PMI report will be released at 7:55 GMT.
   
• Eurozone: Services PMI report will be released at 8:00 GMT, followed by retail sales report at 9:00 GMT. ECB President Draghi is scheduled to speak at 16:30 GMT.
   
• United Kingdom: Consumer lending report, money supply report will be released at 8:30 GMT, along with services PMI report.
   
• United States: Challenger Jobs report will be published at 11:30 GMT, followed by trade balance report for March at 12:30 GMT, along with weekly jobless claims report and non-farm productivity report. Factory orders numbers will be published at 14:00 GMT. EIA will release natural gas inventory report at 14:30 GMT.
   
• Canada: Trade balance report for March will be published at 12:30 GMT. BoC governor Poloz is scheduled to speak at 20:25 GMT.
   
• Auction: Germany will auction 10-year bond today.