The pro-risk Australian Dollar may extend gains after the record miss in US jobs data, amplifying dovish rhetoric from the Federal Reserve and keeping the Dow Jones and S&P 500 intact.

The UK GDP report may generate a limited reaction in GBP/USD as the Bank of England (BoE) slows the pace of its weekly asset purchases.

A strong earnings season has equipped investors with fresh optimism but price action may struggle to post progress as seasonal headwinds pick up in the month of May. As a result, gains may slow.

The US Dollar finished strong as the Dow Jones and gold prices declined, but a dovish Fed risks undermining its progress. The British Pound could be in for a volatile week given key local risks. US…

A strong earnings season has equipped investors with fresh optimism but price action may struggle to post progress as seasonal headwinds pick up in the month of May. As a result, gains may slow.

USD/MXN is trading back above 20.00 Pesos per Dollar as rising bond yields help the US Dollar stem its losses

The Australian Dollar could fall given a dovish RBA after disappointing first-quarter inflation data. But, further gains in the Dow Jones could signal support for the sentiment-linked AUD.

April’s strong rally in EUR/USD still shows no sign of losing momentum and the pair could well extend its gains in the first week of May.

The price of gold may remain under pressure ahead of the US Non-Farm Payrolls (NFP) report as 10-Year Treasury yield recovers after defending the April low (1.53%).

The main economic event of the week will be the April US non-farm payrolls report due out on Friday, May 7.