Key events: awaiting U.S. open – Westpac

By FXStreet Analysts at Westpac noted that the Asian data calendar is light.

Key Quotes:

“Indonesia Q1 GDP is expected to be stable at 5.1% y/y.

Signals for Apr nonfarm payrolls have so far been more constructive and we should see forecasts forFriday’s number finalised. US ADP employment is seen at 195k, coming after a 200k gain in Mar.

The median forecast for Apr ISM non-manufacturing is a rise to 54.8 and the employment sub-index will be watched for guidance on the official jobs data. Mar trade balance and factory orders are also due.”
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Source:: FX Street