Week commencing 30th March : (All Times GMT)

Overview:

As the virus crisis intensifies we are beginning to see some economic data that covers the period of lockdowns and job losses.

US job numbers (NFP) and initial claims this week will be key, while China PMI figures should also continue to show more economic impact.

Note:

The following figures reflect the expectations of the market as of Sunday. You should obtain up-to-date expectations for each event as it draws nearer.

I strongly recommend using the Talking-Forex service to stay abreast of all market expectations and data outcomes.

Charles Clifton Forex Trader | Coach | Signals Service – TFX TalkingForex Real-time Forex Trading News and Analysis – www.charlesclifton.co.uk

Monday

10am – eurozone business confidence (March): expected to fall to -0.05. Markets to watch: EUR crosses

1pm – German CPI (March, preliminary): prices to rise 1.4% YoY. Markets to watch: EUR crosses

3pm – US pending home sales (February): sales to rise 1.7% YoY. Markets to watch: USD crosses

Tuesday

2am – China mfg & non-mfg PMI (March): mfg PMI to fall to 40.2 and non-mfg to drop to 36.4. Markets to watch: China indices, CNH crosses

7am – UK GDP (Q4, final): growth to be flat QoQ and 1.1% YoY. Markets to watch: GBP crosses

10am – eurozone inflation (March, preliminary): CPI to rise 0.5% MoM and core CPI to rise 1.2% YoY. Markets to watch: EUR crosses

2.45pm – US Chicago PMI (March): forecast to fall to 46.6. Markets to watch: USD crosses

3pm – US consumer confidence (March): index to fall to 121. Markets to watch: USD crosses

Wednesday

12.50am – Japan Tankan large manufacturers index (Q1): index to fall to -10. Markets to watch: JPY crosses

2.45am – China Caixin mfg PMI (March): sharp falls expected. Markets to watch: China indices, CNH crosses

3pm – US ISM mfg PMI (March): expected to drop to 44. Markets to watch: USD crosses

3.30pm – US EIA crude inventories (w/e 27 March): previous reading saw a rise in stockpiles of 1.6 million. Markets to watch: Brent, WTI

Thursday

9.30am – UK construction PMI (March): forecast to fall to 46. Markets to watch: GBP crosses

1.30pm – US initial jobless claims (w/e 28 March): previous week saw a record reading of 3.28 million. Markets to watch: USD crosses

Friday

1.30pm – US non-farm payrolls (March): expected to fall by 293,000. Markets to watch: US indices, USD crosses

3pm – US ISM non-manufacturing (March): index to fall to 55.1 Markets to watch: USD crosses

Source: Chris Beauchamp, Market Analyst

Charles Clifton Forex Trader | Coach | Signals Service – TFX TalkingForex Real-time Forex Trading News and Analysis – www.charlesclifton.co.uk

Charles Clifton Forex Trader | Coach | Signals Service – RANsquawk Real-time multi-asset News and Analysis – www.charlesclifton.co.uk

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