Major economic events to affect the trading of the pair EUR/USD for the week ending May 4th, 2012 are as under:

On Monday, Germany reported its data on retail sales while Italy released its data on consumer price index. Spain released its official figure on gross domestic product while the euro zone region reported its separate data on M3 money supply and consumer price index estimate. On the other hand in United States, data on personal consumption expenditure, retail sales, personal spending, personal income and Chicago’s purchasing mangers’ index was published. Moreover, Dallas Federal Reserve also published its data on manufacturing activity.

Today on Tuesday, United States reported its data on ISM’s manufacturing data and construction spending while US Federal Reserve’s official Lockhart spoke on monetary policy at an event.

On Wednesday, May 2^nd, 2012, Italy will release it purchasing managers index for manufacturing sector along with data on budget balance. France and Germany are also expected to report their data on purchasing managers index. Germany will report its data on unemployment rate and unemployment change while the euro zone will report its separate data on purchasing managers’ index and the unemployment rate.USA will release several reports including data on MBA mortgage applications, ADP employment change, factory orders, ISM for New York and inventories data for crude oil, gasoline and distillates by US Department of Energy.

On Thursday, single currency region will report its data on PPI while the European Central Bank is to release its decision on its interest rate. United States will report its data on non-farm productivity, unit labor costs, initial jobless claims, continuing claims, ISM’s non manufacturing index and data on natural gas supplies by Energy Information Administration. Moreover, US Federal Reserve’s official will also address on US economy at an event at Santa Barbara.

On Friday, Italy, France and Germany are expected to published their PMI for services sector while euro zone will publish its separate report on PMI services. The single currency region is also to release its data on retail sales on Friday. United States will report its data on average hourly earnings, household employment, change in manufacturing payrolls, change in nonfarm payrolls and unemployment rate.