1st April 2019 - 5th April 2019
• EUR - Consumer price index • USD – ISM Manufacturing PMI EUR Consumer Price Index which is the key indicator of the current Inflationary level for the EUR Zone with current geo-political risk remains the key area of focus.February retail sales and March ISM manufacturing numbers today will kick off the week. • AUD – RBA Interest rate decision • GBP – Markit Construction PMI By Dawn of Tuesday we will receive the AUD Interest Rate Decision & Rate Statement which will give us a clear understanding on the current Economic Outlook of Australia. While the RBA is expected to hold rates steady, there is an expectation that the RBA will take a more dovish stance. GBP will be under pressure mainly because of Brexit uncertainty and previous disappointing data on Construction PMI which shows business conditions in the UK construction sector with so many Brexit uncertainties. Outside of the numbers, it goes without saying that Brexit will be the key driver. • EUR - Markit service PMI & PMI Composite • USD – ISM Non-Manufacturing PMI and Markit Services PMI & Composite By Mid-day Euro Zone will release their Markit Services & PMI Composite figures which will be a key indicator on their current Business conditions across Europe. Signs of growth is Major European PMI Services data released earlier may find support for EUR. ISM released a separate report earlier showing growth in U.S. manufacturing activity unexpectedly reaccelerated in the previous months. • USD – Initial & continuing Jobless Claims • CHF – Consumer Price Index A quiet start to the week will leave the USD exposed to market in 2nd half on the week with unemployment numbers. FOMC members will be out in force once more. The markets will be working out the balance on when the first-rate cut is likely. Anything more dovish than a September cut and expect the markets to react. • EUR – Industrial Production, Factory Orders & Retail Sales • USD – Non-Farm Payrolls, Average Hourly Earnings & Unemployment Rate It’s a big day ahead on the data front. Key stats scheduled for release on Friday which will influence sentiment towards the economy and policy. After a quiet Thursday, NFP, wage growth and unemployment figures on Friday will round of what is likely to be a choppy week. US is doing better than the rest. The strongest point of the economy is the labor market, and this Friday's Non-Farm Payrolls report may serve as a reminder of America's economic might. Monday
Tuesday
Wednesday
Thursday
Friday
