Next Week's Macro Outlook｜U.S. and Iran Face Another Moment of Decision, Nonfarm Payrolls Unlikely to Break Gold's Stalemate

Deep Tide TechFlow reports, May 3rd, according to Jinshi News, U.S. President Trump accused Tehran's leadership of lacking unity, which has hindered reaching an agreement to end the nine-week-long conflict that has triggered a global energy crisis. He stated that Iran's "requests are unacceptable to me," but some traders interpreted this as a negotiation tactic rather than abandoning peace efforts. Investors will be looking forward to a new batch of U.S. corporate earnings reports and employment data. Below are the key points the market will focus on in the upcoming week: - **Tuesday 00:50**: FOMC permanent voting member and New York Fed President Williams delivers a speech. - **Tuesday 22:00**: U.S. April ISM Non-Manufacturing PMI, U.S. March JOLTs Job Openings. - **Wednesday 20:15**: U.S. April ADP Employment Change. - **Wednesday 21:30**: 2028 FOMC voting member and St. Louis Fed President Bullard speaks on economic outlook and monetary policy. - **Thursday 01:00**: 2027 FOMC voting member and Chicago Fed President Goolsbee participates in a panel discussion at a conference. - **Thursday 19:30**: U.S. April Challenger Job Cuts. - **Friday 02:05**: 2026 FOMC voting member and Cleveland Fed President Mester delivers a speech. - **Friday 03:30**: FOMC permanent voting member and New York Fed President Williams delivers a speech. - **Friday 22:00**: U.S. May one-year inflation expectations (preliminary), U.S. May University of Michigan Consumer Sentiment Index (preliminary), U.S. March Wholesale Sales MoM. Forecasters predict that the nonfarm payroll report to be released next Friday will show a robust increase of 60,000 new jobs in April, faster wage growth, stable unemployment rate, and rising labor force participation rate. According to Bloomberg's survey of economists, private sector job growth may be even stronger.