The Week Ahead: 28th March – 1st April 2022

Overview for the Week Ahead

The March jobs report takes center stage this week. The Labour Department’s monthly snapshot of U.S. employment will be closely watched by market participants and will carry special weight as Federal Reserve officials appear to signal more hawkishness in the central bank’s rate-hiking plans. Meanwhile, Core PCE, the Fed’s preferred inflation gauge, is also due out Wednesday and will offer further clues on how aggressive the next interest rate bump could be.

As inflation worries mount, consumers are getting wary about what’s ahead. The Conference Board’s Consumer Confidence Index due for release on Tuesday will show a timely snapshot of their thinking following the latest spike in prices. Economists surveyed by Bloomberg are looking for the index to fall to 107.0 for March following a read of 110.5 last month.

The Forex market is dominated by a weak Japanese Yen (influenced by the Bank of Japan’s pledge to continue monetary easing until its inflation target of 2% is reached) and a rising US Dollar. The USD/JPY currency pair continued to rise over the Tokyo session to trade at a new 6-year high above ¥121.50. It looks likely to advance higher still over the coming days, as the Bank of Japan pledged a few hours ago to purchase an unlimited amount of JGB bonds at 0.25% after the 10-year Yen yield hits 0.245%, the highest rate seen in 6 years.

Bitcoin broke out from its consolidating triangle over the weekend, and a few hours ago reached a 7-week high just below $48k.

Plan your trades carefully!

This Week’s High Impact Events

The times below are GMT +3.

Monday 4th April

  • 12.05 – UK – BoE Gov. Bailey Speaks

Potential instruments to Trade: GBP Crosses. 

  • 17.30 – Canada – BOC Business Outlook Survey

Potential instruments to Trade: CAD Crosses. 

Tuesday 5th April

  • 07.30 – Australia – Cash Rate & RBA Rate Statement

Potential instruments to Trade: AUD Crosses. 

  • 17.00 – US – ISM Services PMI

Potential instruments to Trade: USD Crosses. 

  • 17.05 – US – FOMC Member Brainard Speaks

Potential instruments to Trade: USD Crosses. 

Wednesday 6th April

  • 17.00 – Canada – Ivey PMI

Potential instruments to Trade: CAD Crosses. 

  • 17.30 – US – Crude Oil Inventories

Potential instruments to Trade: USD & CAD Crosses. 

  • 21.00 – US – FOMC Meeting Minutes

Potential instruments to Trade: USD Crosses. 

Thursday 7th April

  • 15.30 – US – Unemployment Claims

Potential instruments to Trade: CAD Crosses. 

  • 16.00 – US – FOMC Member Bullard Speaks

Potential instruments to Trade: USD Crosses. 

Friday 8th April

  • 15.30 – Canada – Employment Change & Unemployment Rate

Potential instruments to Trade: CAD Crosses. 

For more information –

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