Trading Week Outlook: May 2 - May 6, 2011

By All Things Forex: The first trading week of October and of the fourth quarter will kick-start the market’s quest to find out if the U.S. economy is really as bad as the Fed’s gloomy outlook painted it to be. Next week’s Non-Farm Payrolls would provide the first clues, while the Euro-zone debt crisis continues to fuel investors’ concerns that the worst is yet to come.

By All Things Forex: Five monetary policy meetings by major central banks and the U.S. Non-Farm Payrolls report will make for an interesting week ahead as traders examine the potential for more rate cuts by the European Central Bank and ponder QE3 odds. In preparation for the new trading week, here is the outlook for the Top 10 spotlight economic events that will move the markets around the globe.

All Things Forex submits: Following a couple of busy trading weeks for the euro and the U.S. dollar, the lighter-on-economic-data week ahead will shift currency traders’ focus to the pound sterling ahead of the Bank of England interest rate announcement, coupled with industrial production and wholesale inflation reports from the U.K.

All Things Forex submits: As China’s reassurance of a back-up for EU sovereign debt has managed to calm some of the market’s fears, in the week ahead traders will shift their attention to a sequence of important economic data from the world’s largest economy, culminating with the U.S. Non-Farm Payrolls and Employment Situation report, for signs of whether the U.S. labor market and economic recovery could be losing momentum.

By All Things Forex: With the European Central Bank interest rate announcement and the EU Summit on the horizon, the trading week ahead could prove crucial for the future fate of the euro and the debt crisis-stricken euro-area.In preparation for the new trading week, here is the outlook for the Top 10 spotlight economic events that will move the markets around the globe. 1. USD- U.S.

All Things Forex submits: On the verge of a potential new phase of the EU debt crisis, in the week ahead traders will focus on the U.S. Non-Farm Payrolls and Employment Situation report for signs of consistent improvement in the U.S. labor market, while keeping an eye on Portugal as the next likely candidate for a bailout.

All Things Forex submits: The week ahead might not be only about rising oil prices and risk aversion on the unrest in North Africa and the Middle East, as the market’s focus shifts to three interest rate announcements from the Reserve Bank of Australia, the Bank of Canada, and the European Central Bank, along with the U.S. Non-Farm Payrolls and Employment Situation report which could instill some optimism that job creation could be gaining momentum.

All Things Forex submits: The Fed’s QE2 decision all traders have been waiting for will come in the busy trading week ahead filled with crucial U.S. economic data, which will culminate with the FOMC interest rate announcement and the U.S. Non-Farm Payrolls employment report. In preparation for the new trading week, here is a list of the Top 10 spotlight economic events that will move the markets around the globe.