05/05/2017

Press Review

Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15, Switzerland tel: +41 (0) 22 799 4888, fax: +41 (0) 22 799 4880 research@dukascopy.com

07:30 GMT, Friday, May 05, 2017

►►► Economy

Reuters ► U.S. employment growth seen rebounding, wages increasing U.S. job growth likely rebounded in April and wages increased, pointing to a further tightening in labor market conditions that could pave the way for the Federal Reserve to raise interest rates next month. Investing ► Japan, China, South Korea pledge to resist protectionism Finance leaders of Japan, China and South Korea agreed to resist all forms of protectionism in a trilateral meeting on Friday, taking a stronger stand than G20 major economies against the protectionist policies advocated by U.S. President Donald Trump.

►►► Politics Bloomberg ► Decision Time for France as Polls Show Macron's Lead Holding French voters face a stark choice in Sunday’s presidential election between joining the wave of populism that has swept across some rich democracies in the past year or an attempt to renew the governing principles that have guided their country for decades. The Telegraph ► General election 2017: Polls and odds tracker Theresa May has called a snap general election for June 8, amid polls that indicate she could win a huge Tory majority in Parliament.

►►► Opinions Gaby Hinsliff ► Grey power in the new battle of Britain: why older voters will be crucial What did Theresa May think she was playing at? She had just come from Buckingham Palace, but the prime minister’s tone on Wednesday, as she accused Brussels of a dastardly (if imaginary) plot to influence the general election, was more Churchill emerging from a war cabinet. Kathy Lien ► Should FX Traders Worry About NFP? Investors sold U.S. dollars ahead of Friday’s nonfarm payrolls report and even the passing of the Health Care bill in the house failed to help the USD.

►►► Currencies FXStreet ► EUR/USD Bullish Breakout Approaches 1.10 Resistance on NFP The EUR/USD broke above the resistance level of the consolidation pattern. There could be a potential uptrend continuation towards the 78.6% Fibonacci level of wave 2... Action Forex ► GBP/USD Could Fall Despite UK Scoring A Hat-Trick Of Good PMIs The UK economy scored a hat-trick of good news this week. The purchasing managers' indices (PMIs) for the key sectors all strengthened above forecasts in April. The manufacturing sector PMI had risen sharply to 57.3 from 54.2 previously and construction PMI to 53.1 from 52.2.

►►► Markets Reuters ► Asian stocks fall for 3rd day on commodity fears, China hits 3-month lows Asian stocks declined for a third consecutive day on Friday as fresh falls in commodities raised concerns about the health of the global economy, though the euro bucked the broad weakness on receding concerns about France's presidential election. CNBC ► Oil pinned near 5-month low as global oversupply weighs Oil prices were marooned near five-months lows on Friday after a near 5 percent fall in the previous session on concerns over rising U.S. supply, wiping out all of the price gains since OPEC's move to curb output.

►►► Top Videos

CNBC ► U.S. dollar will struggle to edge higher later in the year, says strategist Elias Haddad, senior currency strategist at Commonwealth Bank, says strength in U.S. dollar may ease towards the end of the year. Bloomberg ► Oil Extends Slump Below $45 a Barrel Oil has fallen below $45 a barrel for the first time since OPEC agreed to production cuts back in November.

Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15, Switzerland tel: +41 (0) 22 799 4888, fax: +41 (0) 22 799 4880 research@dukascopy.com

Disclaimer Everything in this article, including opinions and figures, is provided for informational purposes only and may not be interpreted as financial advice or solicitation of products. Dukascopy group assume no responsibility for the completeness or the accuracy of any data contained in this article. Financial figures indicated in this article have not been verified by the Dukascopy group. Views, opinions and analyses are those of the author of the article, and are not endorsed by the Dukascopy group. Dukascopy group waive any and all warranties, express or implied, regarding, but without limitation to, warranties of the merchantability or the fitness for a particular purpose, with respect to all information in this article. Dukascopy group shall under no circumstances be responsible for any direct, indirect, consequential, contingent or any other damages sustained in connection with the use of this article.

Newest releases and archive: Fundamental Analysis Technical Analysis Press Review Market Research Expert Commentary Dukascopy Sentiment Index Trade Pattern Ideas Global Stock Market Review Commodity Overview Economic Research Quarterly Report Aggregate Technical Indicator Additional information: Dukascopy Group Home Page Market News & Research FXSpider Live Webinars Dukascopy TV Daily Pivot Point Levels Economic Calendar Daily Highs/Lows SWFX Sentiment Index Movers & Shakers FX Forex Calculators Currency Converter Currency Index CoT Charts Social networks:

Fundamental Analysis Technical Analysis Press Review Market Research

Expert Commentary Dukascopy Bank Sentiment Index

Trade Pattern Ideas Global Stock Market Review

Commodity Overview Economic Research Dukascopy Aggregate Technical Indicator