The Week Ahead: 3rd – 7th April 2023

Overview for the Week Ahead

The week ahead will bring the all-important U.S. monthly jobs report while equity markets embark on the second quarter, OPEC meets and central banks in Australia and New Zealand are to deliver their latest interest rate decisions.

Investors will be looking at Friday’s nonfarm payrolls report for a fresh update on the health of a labor market which has remained robust over the past year in the face of a barrage of rate hikes by the Federal Reserve.

The March employment report will be the last before the Fed’s upcoming May meeting, with investors split over whether policymakers will raise rates one last time. 

The Reserve Bank of Australia is to meet on Tuesday with a decision on whether to hike or hold rates on a knife edge.

Data last week showed that Australian inflation slowed to an eight-month low of 6.8% year-over-year in February, prompting investors to pretty much rule out chances for a 25-basis point rate hike.

Meanwhile, markets are still betting on another 25-basis point rate hike from the Reserve Bank of New Zealand when it meets on Wednesday.

With all these reports and more, have your trading charts ready!

Please note there will be a change in the schedule this week due to Easter.  We will publish the amended Easter 2023 Trading Schedule in the coming days.

This Week’s High Impact Events

The times below are GMT +3.

Monday 3rd April

  • 17.00 – US – ISM Manufacturing PMI

Potential instruments to Trade: USD Crosses. 

Tuesday 4th April

  • 07.30 – Australia – Cash Rate & RBA Rate Statement

Potential instruments to Trade: AUD Crosses. 

  • 17.00 – US – JOLTS Job Openings

Potential instruments to Trade: USD Crosses. 

Wednesday 5th April

  • 05.00 – New Zealand – Official Cash Rate, RBNZ Rate Statement

Potential instruments to Trade: NZD Crosses. 

  • 05.30 – Australia – RBA Gov Lowe Speaks

Potential instruments to Trade: AUD Crosses. 

  • 15.15 – US – ADP Non-Farm Employment Change

Potential instruments to Trade: USD Crosses. 

  • 17.00 – US – ISM Services PMI

Potential instruments to Trade: USD Crosses. 

Thursday 6th April

  • 15.30 – Canada – Employment Change, Unemployment Rate

Potential instruments to Trade: CAD Crosses. 

  • 15.30 – US – Unemployment Claims

Potential instruments to Trade: USD Crosses. 

  • 17.00 – Canada – Ivey PMI

Potential instruments to Trade: CAD Crosses. 

Friday 7th April

  • 15.30 – US – Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate

Potential instruments to Trade: USD Crosses. 

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].

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