Forex news for New York trade on May 7, 2021:
Markets:
The non-farm payrolls report certainly made for an interesting trading day and the repercussions of the shockingly-soft report will continue to reverberate.

Weekly forex futures positioning data from the CFTC for the week ending May 4, 2021
– EUR long 85K vs 81K long last week. Longs increased by 4K
– GBP long 20K vs 29K long last week. Longs trimmed by 9K

New lows vs EUR, GBP, CHF
The USD is moving to new lows vs some of the major currencies. More specifically, the dollar is trading at new lows vs the EUR, GBP and CHF. 

A number of newer issues will be reporting
next week as a number of newer issues reporting. Along with some old standbys including Marriott, Toyota, Wendy’s, Disney, and Honda.

Remarks by ECB president, Christine Lagarde
Nothing notable so far from Lagarde except this generic headline. Carry on as you will.

Little change in the major currencies space
It is all about the US non-farm payrolls report today as the market feels rather lethargic at the moment. The dollar is trading more mixed, holding a slight advance against the commodity currencies while trailing behind the euro and pound.

ECB president Lagarde scheduled to speak at 1000 GMT
Lagarde will be speaking about the global economy in a , which should go on for about 30 minutes. As such, there might be some room to touch on policy here but I wouldn’t expect her to break rank in the way that Kazaks did earlier .

BOE governor, Andrew Bailey, will provide more details at 1200 GMT
You can watch that live here:

The BOE starts off with a bit of a technical taper, if you want to call it that
You can call it algos. You can call it a bit of a messy release with some separation between the statement and the monetary policy minutes/report. But at the end of it, the pound looks destined for a

Latest data released by Challenger, Gray, and Christmas Inc
– 30.60k
The 22,913 job cuts by US-based employers last month is the lowest monthly total since June 2000 as this adds to another sign that the labour market is slowly finding its footing again as businesses and consumers start to feel more upbeat.