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Look ahead: Economic Calendar – for Wed May 3, 2017 – If, Then… Market Timing

Look ahead: Economic Calendar – for Wed May 3, 2017

By Rod David | May 2, 2017 - 12:34 pm

A midday look ahead in preparation for economic reports and events scheduled for the next trading day.

Highlights: This week is is rare for containing both an FOMC policy statement on Wednesday, and payrolls on Friday. The pre-open ADP report offers me an opportunity to gauge the market’s sentiment toward Friday’s report. And the reaction to a pre-open report is often duplicated in reaction to post-open reports — of which two are high-profile, if not also influential to price action. High-profile post-close earnings include FB.

MBA Mortgage Applications
7:00 AM ET

*ADP Employment Report
8:15 AM ET

Gallup U.S. Job Creation Index
8:30 AM ET

*PMI Services Index
9:45 AM ET

ISM Non-Mfg Index
10:00 AM ET

EIA Petroleum Status Report
10:30 AM ET

*FOMC Meeting Announcement
2:00 PM ET

Posted in Bigger Picture, Econ Calendar, members-only