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.
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
