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April 29, 2026
MAY 2026 EVENTS
The ISM Manufacturing PMI's previous print was 52.7. The number was higher than the expected 52.3.
Possible influence: Volatile US Dollar, Gold, and US Stocks
The 1st Quarter earnings season continues in May.
Of the major companies, Chevron and Exxon (May 1st), Palantir (May 4th), PayPal (May 5th), AMD (May 5th), ARM (May 6th), Applied Materials (May 14th), and NVIDIA (May 20th) will declare their earnings.
Possible Influence: Volatile US Stocks, USA100 and USA500
Eight OPEC+ members (including Saudi Arabia and Russia) will hold their monthly meeting to discuss and set voluntary production levels. The Middle East conflict has made it difficult for OPEC countries to meet production levels, so this meeting and any commitment to increasing/maintaining output are important. In April, OPEC+ agreed on an output increase of 206,000 bpd to take effect in May.
Possible Influence: Volatile Crude oil
The RBA will meet to decide on interest rates. The current rate is 4.10%. Current expectations are that the RBA could decide to increase rates by 0.25%, although there is a possibility that rates may remain unchanged.
Possible Influence: Volatile AUD/USD
The previous month (March) saw unemployment at 4.3%. Nonfarm Payrolls for the previous month (March) printed 178,000, much higher than forecasts for 65,000.
Possible Influence: Volatile US Dollar, Gold, and US Stocks
Core CPI (excluding food and energy) was 2.6%. Year-on-Year in March. Top-line Year on Year CPI for March came in at 3.3%, just below the expected 3.4%.
Possible Influence: Volatile US Dollar, Gold, and US Stocks
Month-over-Month Retail Sales were at 1.7% in March, against an expected 1.4% figure.
Possible Influence: Volatile US Dollar, Gold, and US Stocks
President Donald Trump is set to visit China to meet President Xi in a summit that was postponed due to the US - Iran conflict. They are expected to discuss Iran, the Middle East, and global energy disruption. They may also discuss Ukraine in a possible US attempt to get China to pressure Russia towards a deal. The island territory of Taiwan is likely to be discussed. Trade will also be high up on the agenda with a focus on specific sectors like agriculture (soybeans) or possibly semiconductor exports and rare earths, rather than an overall trade deal.
Possible Influence: Volatile Crude Oil, Gold, Silver, US dollar, and US Stocks
According to Bloomberg, NVIDIA is expected to print $78.62 billion in revenue (new record high), up about 78% from $44.1 billion in the same period last year. NVIDIA is expected to report net income of $42.93 billion (new record high, an increase of roughly 125% from $19.03 billion last year).
Possible Influence: Nvidia Stock, USA100, USA500