8:30 AM: Trade Balance report for March from the Census Bureau. This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products. The consensus is the trade deficit to be $74.0 billion. The U.S. trade deficit was at $71.1 Billion in February. ----- Wednesday, May 5th ----- mortgage purchase applications index. 8:15 AM: The ADP Employment Report for April. This report is for private payrolls only (no government). The consensus is for 830,000 payroll jobs added in April, up from 517,000 added in March.