Traders are heading into a busy week of economic reports, with a surfeit of new information on the state of the U.S. labor market set to be released.
One of the most closely watched prints will be Friday’s March jobs report from the Labor Department. Equity investors will have a couple of days to digest the results, however, as the stock market will be closed on Friday in observance of Good Friday.
On Wednesday, ADP nonfarm employment change figures are due out ahead of a busy 2nd half of the week.
On Thursday, ISM Manufacturing PMI and weekly jobless claims are due out. Expect the jobless claims figures to garner plenty of interest.
Wrapping things up at the end of the week will be official labor market figures for March.
Expect nonfarm payrolls and the March unemployment rate to be the main areas of focus.
Away from the economic calendar, FOMC member commentary will also need monitoring. Any deviation from the script could test support for riskier assets.
The Dollar Spot Index ended the week up by 0.92% to 92.766.
For Europe, keep an eye on lockdown measures widening this week, this may impact the EUR crosses.
Finalized 4th quarter GDP numbers are due out on Wednesday. Barring a marked deviation from prelim, however, the numbers are unlikely to have a material impact on the Pound. There could be easing of lockdown measures this week which could have a bigger impact.
The Pound ended the week down by 0.360% to $1.3789.
For Canada, January GDP and February RMPI numbers on Wednesday will be the key drivers in the week.
The Loonie ended the week down by 0.62% to C$1.2577 against the US Dollar.
For Australia, retail sales and trade figures will be the key drivers this week.
The Aussie Dollar ended the week down by 1.36% to $0.7637.
For New Zealand, business confidence figures for March will influence on Wednesday.
The Kiwi Dollar ended the week down by 2.30% to $0.7000.
For China, March NBS private sector PMIs are due out on Wednesday ahead of the all-important Caixin Manufacturing PMI on Thursday.
Thursday’s numbers will have the greatest impact on market risk sentiment late in the week.
The Chinese Yuan ended the week down by 0.49% to CNY6.5411 against the U.S Dollar.
For Japan, it is a busy week. Expect Tankan survey figures for the 1st quarter and finalized manufacturing PMI numbers are due out on Thursday to be the biggest interest of the week.
The Japanese Yen ended the week down by 0.70% to ¥109.64 against the U.S Dollar.
If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].
We are Errante. Trading made personal.
Errante is the trading name used by Notely Trading Ltd, an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number [383/20]. Errante is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.
Notely Trading Limited is an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number 383/20, registration number HE394425 and with registered office at 30 Karpenisiou, 1077 Nicosia, Cyprus. The Company is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.
The website (www.errante.eu) is operated by Notely Trading Ltd.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.00% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our Risk Disclosure.
Errante brand is authorised and regulated in other jurisdictions:
Errante Securities (Seychelles) Ltd (https://errante.com/) is regulated by the Seychelles Financial Services Authority (FSA) under license number SD038.
Errante is a Trademark owned by an entity of the Errante Group. All other trademarks that appear on this website are the property of their respective owners.
Regional Restrictions: Notely Trading Ltd currently provides its services on a cross-border basis within EEA states under the MiFID regime. We do not provide our services to residents of certain jurisdictions including, but not limited to, USA, Syria, Japan, North Korea, Iraq, Belgium, and Canada. The Company holds the right to alter the above lists of countries at its own discretion.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.00% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Read our Risk Disclosure.
Functional Cookies help a site work well, they enable additional features which can make the user experience better.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
Analytical and Promotional Cookies
Analytical cookies are used to determine usage of a site, they may track individual users, but only to the extent to allow a proper user journey through the site. They are not used for targeting adverts.
Promotional cookies keep track of information to tailor advertisements to you and to measure their success. This includes using previously collected information about your interests to select ads, processing data about what advertisements were shown, how often they were shown, when and where they were shown, and whether you took any action related to the advertisement, including for example clicking an ad or making a purchase.
Please enable Strictly Necessary Cookies first so that we can save your preferences!
Cookies are small pieces of information, normally consisting of just letters and numbers, which are automatically stored on your computer (or any other devise used to enter the Internet) when you visit a website and offer an insight your activity and preferences.