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Weekly Outlook: 2017,April 02 - April 09

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by , 04-02-2017 at 01:57 PM (935 Views)
      
   
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Currencies traded in a mixed manner in the last week of Q1. A rate decision in Australia, the FOMC meeting minutes a full build-up to the all-important Non-Farm Payrolls stand out. These are the top events on forex calendar.

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  1. US ISM Manufacturing PMI: Monday, 14:00. Manufacturing PMI is expected to decline to 57.2 in March.
  2. Australian rate decision: Tuesday, 3:30.
  3. US ADP Non-Farm Employment Change: Wednesday, 12:15. ADP report is expected to show a 191,000 jobs gain in March.
  4. US ISM Non-Manufacturing PMI: Wednesday, 14:00. Non-Manufacturing PMI is expected to reach 57.1 this time.
  5. US Crude Oil Inventories: Wednesday, 14:30.
  6. US FOMC Meeting Minutes: Wednesday, 18:00. Minutes from the Fed’s rate hike meeting in March will be released in April, providing an in-depth account on the reasons behind the 0.25 percentage point rate rise.
  7. US Unemployment Claims: Thursday, 12:30.Jobless claims is expected to reach 251,000 this week.
  8. Canadian employment data: Friday, 12:30. Economists expect Canadian job creation of 5,700 and a rise to 6.7% in the unemployment rate.
  9. US Non-Farm Employment Payrolls: Friday, 12:30.US jobs report for March is expected to show a job gain of 176,000 while the unemployment rate is expected to remain unchanged at 4.7%.


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