Next Week's Macro Outlook | The US and Iran Face Another Decision Point, Non-Farm Payrolls Struggle to Break Gold's Deadlock

Deep Tide TechFlow News. On May 03, according to Jinshi, U.S. President Trump accused the Tehran leadership of being divided, hindering efforts to reach an agreement to end the nine-week conflict that has triggered a global energy crisis. He said he “cannot accept” the requests Iran has put forward, but some traders interpret this as a negotiation strategy rather than a decision to abandon peace efforts. Investors will be watching for the next batch of U.S. stock earnings reports and U.S. employment data. Here are the key points the market will focus on in the coming week:

Tuesday 00:50 — FOMC voting member and New York Fed President Williams delivers remarks;

Tuesday 22:00 — U.S. April ISM Non-Manufacturing PMI, and U.S. March JOLTs job openings;

Wednesday 20:15 — U.S. April ADP employment figures;

Wednesday 21:30 — 2028 FOMC voting member and St. Louis Fed President Musalem delivers remarks on the economic outlook and monetary policy;

Thursday 01:00 — 2027 FOMC voting member and Chicago Fed President Goolsbee participates in a panel discussion at a meeting;

Thursday 19:30 — U.S. April Challenger layoffs;

Friday 02:05 — 2026 FOMC voting member and Cleveland Fed President Harker delivers remarks;

Friday 03:30 — FOMC voting member and New York Fed President Williams delivers remarks;

Friday 22:00 — U.S. May one-year inflation expectations (initial release), U.S. May University of Michigan Consumer Confidence Index (initial release), and U.S. March wholesale sales (month-over-month).

Forecasts suggest that next Friday’s April non-farm payroll report will show steady growth of 60,000 new jobs, faster wage growth, a stable unemployment rate, and an increase in the labor force participation rate. According to Bloomberg’s survey of economists, private-sector employment growth may be even stronger.