The beginning of a new month starts the usual cycle of economic data. Among these only the US employment report is significant. A weak report would not only rule out a June hike by the Fed, but would call a September move to question as well. A strong report could mark the return of the dollar bulls after taking a six-week spring vacation. In addition to the US jobs report, two other events stand out. First is the UK election on May 7. The polls and personalities make it difficult to envision a majority government being formed. In fact fragmented voting means the results of the election may not be known for some time ... (full story)