Thursday (May 2) has a small non-farm payrolls called the U.S. ADP employment in April increased more than expected, indicating that the U.S. job market remains strong. The good news is that wage growth continues to slow. U.S. ADP employment in April recorded an increase of 19.2 million people, a record high for July 2023. This was the largest increase since July 2023 and higher than the 175,000-increase expected. However, it was slightly lower than the 208,000 increase in March after an upward revision. However, it was slightly lower than the 208,000 increase in March after an upward revision. Wage growth for job changers fell to 9.3% from 10.1% in March but remained above the level recorded at the start of the year. This provides some welcome news amid multiple other signs that inflation is more resilient than many economists and policymakers had expected. This provides some welcome news. Despite the rise in interest rates, demand for workers has been healthy and unemployment is low, which is helping to stimulate consumer spending and keep prices up. The dollar index fell to 105.70; non-US currencies rallied, with the AUDUSD at 0.6530, EURUSD up near 1.0710, offshore CNY at 7.23. Spot gold rallied to near $2,320. Spot gold rallied to around $2,320 and spot silver came in around $26.60. Crude oil moved down to $79.70.