Finally quarter 1 of 2018 has finished and new . This week weekly Forex Trading Strategies has revealed by Forex Trading Expert.
Japanese yen and gold are the biggest achiever of Q1. Trade war along with other political uncertainty brought many ups and down in financial market.
Now we are entering into first week of second quarter , Foxamoney.com brings top five events on upcoming economic calendar can affect Forex market.
Related Articles on weekly Forex Trading Strategies (Previous months)
1.U.S Employment Report
U.S employment reports(ADP AND NFP) plays major role in dollar liquidity all with equities and bonds. U.S labor department release non farm payroll (NFP) report on very first week of every month. Its is one of the best economic indicator that predicts the labour market conditions. U.S set to release NFP on Friday at 08:30 Am. A better than expected numbers will help dollar bulls to cross 107 level in usd/jpy.
The consensus forecast is that the data will show jobs growth of 198,000 after adding 313,000 positions in February, while the unemployment rate is forecast to dip to 4.0% from 4.1%
However ,most of the focus will likely be on average hourly earning figures,which are expected to rise 0.2%, following a gain of 0.1% a month earlier. ON an annualized basis,wages are forecast to increase 2.7% ,a tad faster than the 2.6% increase recorded in February. The week’s Calendar also features reports on ISM manufacturing and services sector growth, ADP private sector payroll growth.
2.EuroZone Flash Inflation (Consumer price index)
Euro zone set to release its consumer price index , which measure the changes in price of goods and services or known as inflation report on Wednesday at 5:00 Am. Investors are expecting report will show 1.4% quicker than the 1.1% gain seen in February.
Even if the inflation remain short of the European central bank’s target of almost 2%, its policymakers are now debating whether to end lavish bond buys later this year.
3. UK purchasing manager index (PMI)
U.k will release different PMI’S this week. March manufacturing sector activity at 4:30 Am on Tuesday . followed by a report on the construction sector on Wednesday and the services sector on Thursday.
Bank of England Governor Mark Carney is due to speak at the international climate Risk Conference for supervisors, in Amsterdam on Friday afternoon. The Bank Of England kept interest rate steady last month , but two policymakers voted for a hike. So a rate hike still on the table.
4. China manufacturing PMI
China set to release its manufacturing PMI on Monday. The survey is expected to rise by 0.2 points to 51.8 from 51.6.
The Official Purchasing Managers Index released on Saturday rose to 51.5 in March, from 50.3 in February. That was well above the 50-point mark that separates growth from contraction on a monthly basis.
5.Reserve Bank of Australia policy meeting
RBA officials will meet on Tuesday at 04:00 GMT. Most Economists expect the central bank to keep rates unchanged at the current record low of 1.5% for the 18th straight meeting and maintain its neutral policy stance. Policymakers are also expected to sound less confident that the economy would grow at 3% or more this year, in another sign rates will likely remain on hold for months to come. This is our this week weekly Forex Trading Strategies.
This article is part of Foxa Money Forex weekly market Review. Any reproduction or alteration in the article will be considered as copyright violation.
Like us on facebook https://www.facebook.com/foxamone
Tweet @ /foxaMoney Visit us https://foxamoney.com/
Foxa money is Educational website and organization, train new people to trade Forex market.
For any enquiry please EMail Admin :FoxaMoney@gmail.com