Economic Calendar Events: A Week of Increased Volatility in Financial Markets

Markets continue to experience significant fluctuations, and the upcoming period (May 5–11) promises to be especially dynamic for traders. The economic calendar for the week is filled with highly important events: meetings of two key central banks, decisions on interest rates, and the release of significant macroeconomic statistics from various regions around the world.

The upcoming events on the economic calendar will determine the direction not only of traditional assets but also of the cryptocurrency market. Investors and traders should be prepared for sharp price movements, as each report and central bank decision can radically change market expectations.

Federal Reserve and Bank of England Decisions – Key Events of the Period

The main events of the week will be the meetings of two giants of the financial world. The Federal Reserve’s decision on interest rates is expected on Wednesday (May 7), and the Bank of England will announce its decision a day later – on Thursday (May 8). These meetings traditionally cause volatility across all markets, including the cryptocurrency market.

Market participants are closely monitoring both banks’ positions on inflation and economic growth. Any unexpected decision could trigger sharp capital flows between assets.

Macro-economic Indicators: A Full Range of Data

In addition to central bank decisions, the economic calendar for the period includes the release of important statistics for the world’s major economies. Investors will focus on Switzerland’s CPI index (Monday), the US ISM PMI for the services sector (also Monday), and China’s Caixin PMI for services (Tuesday).

Employment data from New Zealand (Tuesday) and retail sales in the Eurozone (Wednesday) will complement the picture of the economic situation. The week will conclude with the release of Canada’s labor market report (Friday) – one of the most anticipated indicators after US employment statistics.

Daily Event Schedule

Monday, May 5: Release of Switzerland’s CPI index and US ISM services PMI will set the tone for the week.

Tuesday, May 6: Employment data from New Zealand and China’s Caixin PMI for the services sector will draw attention to the Asia-Pacific economies.

Wednesday, May 7: Eurozone retail sales and, most importantly, the Fed’s interest rate decision – the key moment of the week.

Thursday, May 8: Bank of England decision will continue the series of anticipated central bank announcements.

Friday, May 9: Canada’s labor market data will close the week and provide a final impulse before the weekend.

The economic calendar for the upcoming period requires market participants to be fully prepared for rapid changes. Keep in mind that the exact timing of all events is indicated in GMT, and the actual calendar may be supplemented with new events or schedule changes.