IronFX Daily Commentary by Charalambos Pissouros | 01/04/2016
April 1, 2016 8:48 am
US employment report takes center stage • Nonfarm payrolls exp. 205k vs prev. 242k, unemployment rate to remain unchanged, average hourly earnings to rise. • Initial reaction on USD is mainly on the NFP figure, then the focus shifts on earnings. • A solid report is needed for the dollar to recover some of its recent losses.
Nikkei tumbles on downbeat Tankan survey • Nikkei 225 is down 3.1% and JPY gained a bit after a downbeat Q1 Tankan survey. • Likely to add further pressure on the BoJ to ease again in coming months.
Today: • France, Germany & Eurozone: Final manuf. PMIs for March. Not market movers. • Eurozone: Unemployment rate for Feb. is exp. to remain unchanged. • UK: Manuf. PMI for Mar. is exp. to rise, which could prove GBP-positive. • US: ISM and final Markit manuf. PMIs for Mar. and final U of M consumer sentiment for Mar. The focus is likely to stay on the NFP. • Canada: RBC manuf. PMI for Mar. Usually not a market mover. • Speakers: Cleveland Fed President Loretta Mester.
To get the latest Forex trading news you should: • Download the IronFX Research app: http://goo.gl/jhQIxO • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Instagram: https://www.instagram.com/ironfx • Follow us on LinkedIn: https://goo.gl/wSEbPN • Follow us on Twitter: https://twitter.com/IronFXGlobal • Circle us on Google+: https://www.google.com/+Ironfxglobal • Subscribe to our Channel: http://bit.ly/1foFmCU
US employment report takes center stage
• Nonfarm payrolls exp. 205k vs prev. 242k, unemployment rate to remain unchanged, average hourly earnings to rise.
• Initial reaction on USD is mainly on the NFP figure, then the focus shifts on earnings.
• A solid report is needed for the dollar to recover some of its recent losses.
Nikkei tumbles on downbeat Tankan survey
• Nikkei 225 is down 3.1% and JPY gained a bit after a downbeat Q1 Tankan survey.
• Likely to add further pressure on the BoJ to ease again in coming months.
Today:
• France, Germany & Eurozone: Final manuf. PMIs for March. Not market movers.
• Eurozone: Unemployment rate for Feb. is exp. to remain unchanged.
• UK: Manuf. PMI for Mar. is exp. to rise, which could prove GBP-positive.
• US: ISM and final Markit manuf. PMIs for Mar. and final U of M consumer sentiment for Mar. The focus is likely to stay on the NFP.
• Canada: RBC manuf. PMI for Mar. Usually not a market mover.
• Speakers: Cleveland Fed President Loretta Mester.
Join us for more technical and fundamental analysis: http://www.ironfx.com
To get the latest Forex trading news you should:
• Download the IronFX Research app: http://goo.gl/jhQIxO
• Like us on Facebook: https://www.facebook.com/IronFX
• Follow us on Instagram: https://www.instagram.com/ironfx
• Follow us on LinkedIn: https://goo.gl/wSEbPN
• Follow us on Twitter: https://twitter.com/IronFXGlobal
• Circle us on Google+: https://www.google.com/+Ironfxglobal
• Subscribe to our Channel: http://bit.ly/1foFmCU
Related Posts: