Date 06 May 25 (Tues) : U.S. GDP -0.3%; USD weaken; FOMC tomorrow... Shall we consider to "Sell in May and Go Away"?
Given the U.S. economic data is honestly bad for first quarter. Please be extremely careful from the month of June - August, these 3 months will be very volatile...
US dollar’s fall in Asia stuns investors, spreads globally
LAST WEEK and Past Data
28 Apr : Singapore unemployment Rate Q1 : 1.9% to 2.1%
30 Apr : Singapore Business Expectations Q1 : 16.00 to -6.00
2 May: Singapore Manufacturing PMI Apr : 50.6 to 49.6
5 May : Singapore Retail Sales (yoy) : -3.5% to 1.1%, (mom) : 3.0% to -2.8%
29 Apr : U.S. Goods Trade Balance Mar : -147.85B to -161.99B
[The goods trade balance is the difference in value between imported and exported goods during the reported month.]
29 Apr : U.S. CB Consumer Confidence : 93.9 to 86.0
29 Apr : U.S. JOLTS Job Openings : 7.480M to 7.192M
30 Apr : U.S. ADP Nonfarm Employment Change Apr : 147k to 62k
30 Apr : U.S. Core PCE Prices Q1 : 2.60% to 3.50%
30 Apr : U.S. GDP Q1 : 2.4% to -0.3%
30 Apr : U.S. Core PCE Price Index yoy : 3% to 2.6%; mom : 0.5% to 0%
30 Apr : U.S. Chicago PMI Apr : 47.6 to 44.6
1 May : U.S. Initial Jobless Claims : 223K to 241K
1 May : U.S. Manufacturing PMI Apr : 50.2 to 50.2
2 May : U.S. Nonfarm Payrolls : 185k to 177k
2 May : U.S. Private Nonfarm Payrolls : 170k to 167k
5 May : U.S. S&P Global Composite PMI Apr : 53.5 to 50.6
5 May : U.S. Services PMI Apr : 54.4 to 50.8
5 May : U.S. ISM Non-Manufacturing PMI Apr : 50.8 to 51.6
5 May : U.S. ISM Non-Manufacturing Prices Apr : 60.9 to 65.1
29 Apr : China Composite PMI Apr : 51.4 to 50.2
29 Apr : China Manufacturing PMI Apr : 50.5 to 49.0
29 Apr : China Non-Manufacturing PMI Apr : 50.8 to 50.4
29 Apr : China Caixin Manufacturing PMI Apr : 51.2 to 50.4
5 May : China Caixin Services PMI Apr : 51.9 to 50.7
Coming Data
U.S.
Tue : Exports ; Imports ; Trade Balance ; 10-Yer Note Auction
Wed : FOMC Statement ; Fed Interest Rate Decision
Thu : Initial Jobless Claims ; Nonfarm Productivity ; 30 Year Bond Auction
China
Fri : Exports ; Imports ; Trade Balance ; CPI; PPI
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