{"id":8155,"date":"2024-04-01T05:56:10","date_gmt":"2024-04-01T05:56:10","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=8155"},"modified":"2024-04-01T05:56:11","modified_gmt":"2024-04-01T05:56:11","slug":"weekly-overview-2024-04-01","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pl\/analytics\/weekly-overview-2024-04-01\/","title":{"rendered":"Week&#8217;s main events (April 01 \u2013 April 05)"},"content":{"rendered":"\r\n<div class=\"ag-base_page ag-m-format-container\">\r\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (April 01 \u2013 April 05)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n\r\n <p class=\"ag-analytics_text\">\r\nThe main event of the week will be the US nonfarm payrolls report. The US economy is expected to have added 200,000 jobs in March, slowing from the&#160;275,000 jobs added in February. OPEC countries will meet on Wednesday to discuss further plans for oil production levels. Continued production cuts will further boost oil prices. Also on Wednesday, the Eurozone will release inflation data for March, which will be closely watched amid speculation that the European Central Bank is preparing to cut rates in June. Swiss inflation data and comments from Japanese officials should also be on the trader&#8217;s watch list for this week. Japanese monetary authorities are on high alert as the Yen is weakening, and recent comments indicate a high probability of currency intervention. \r\n\r\n  <\/p>\r\n\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Monday, April&#160;01\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nMost financial markets will be closed on Monday due to the Easter holiday. However, this will not affect the US, Canada, and some Asian countries. The main report will be the US manufacturing PMI data from ISM. It is expected to show growth, which may positively impact the dollar index. It\u2019s a bank holiday in the United Kingdom, Germany, Switzerland, Italy, Norway, France, Spain, Australia, Hong Kong, and New Zealand.\r\n  <\/div>\r\n  \r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan Tankan Large Manufacturers Index&#160;(q\/q) at&#160;02:50&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan Tankan Large Non-Manufacturers Index&#160;(q\/q) at&#160;02:50&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan Manufacturing PMI&#160;(m\/m) at&#160;03:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 China Caixin Manufacturing PMI&#160;(m\/m) at&#160;04:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada Manufacturing PMI&#160;(m\/m) at&#160;16:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US ISM Manufacturing PMI&#160;(m\/m) at&#160;17:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada BoC Business Outlook Survey at&#160;17:30&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n  \r\n  \r\n\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Tuesday, April&#160;02\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Tuesday, investors&#8217; focus will be on JOLTs data on job openings, which is taken into account by the US Federal Reserve when assessing the labor market. Job openings will fall from&#160;8.86M to&#160;8.79M in March. Also, on Tuesday, Germany will release its inflation report. The annualized rate is expected at a&#160;2.5% level, slightly higher than February&#8217;s&#160;2.4%.\r\n\r\n  <\/div>\r\n\r\n   <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia RBA Monetary Policy Meeting Minutes at&#160;03:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland Retail Sales&#160;(m\/m) at&#160;10:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland Manufacturing PMI&#160;(m\/m) at&#160;09:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Manufacturing PMI&#160;(m\/m) at&#160;10:55&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Manufacturing PMI&#160;(m\/m) at&#160;11:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Manufacturing PMI&#160;(m\/m) at&#160;11:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Consumer Price Index&#160;(m\/m) at&#160;15:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US JOLTs Job Openings&#160;(m\/m) at&#160;17:00&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Wednesday, April&#160;03\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOPEC+ countries will meet on Wednesday. In recent months, there have been disagreements within the cartel over further production quotas. If the disagreement intensifies, it will be negative for oil prices. Further production cuts will help prices to rise. Also, on Wednesday, the Eurozone will publish its inflation report. The core price level is expected to rise from&#160;2.8% to&#160;3.1% annually, which may hinder the ECB&#8217;s plans to cut rates in June. Investors will also hear from Fed officials, including Fed Chairman Jerome Powell.\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan Services PMI&#160;(m\/m) at&#160;03:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 China Caixin Services PMI&#160;(m\/m) at&#160;04:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Consumer Price Index&#160;(m\/m) PMI at&#160;12:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 OPEC Meeting&#160;(m\/m) at&#160;12:15&#160;(GMT+3);<\/li>\r\n<li>\u2013 US ADP Nonfarm Employment Change&#160;(m\/m) at&#160;15:15&#160;(GMT+3);<\/li>\r\n<li>\u2013 US ISM Services PMI&#160;(m\/m) at&#160;17:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Crude Oil Reserves&#160;(w\/w) at&#160;17:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Fed Chair Powell Speaks at&#160;19:10&#160;(GMT+3).<\/li>\r\n\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Thursday, April&#160;04\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThursday will bring various statistics for many countries. The most important report will be the Swiss inflation data. At the last meeting, the SNB unexpectedly cut the rate by&#160;0.25%, confidently expecting a further decline in consumer prices. Traders should also pay attention to the US and Canada trade balance data. It\u2019s a bank holiday in China.\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Services PMI&#160;(m\/m) at&#160;01:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Australia Retail Sales&#160;(m\/m) at&#160;03:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland Consumer Price Index&#160;(m\/m) at&#160;09:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Services&#160;(m\/m) PMI at&#160;10:55&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Services&#160;(m\/m) PMI at&#160;11:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Services PMI&#160;(m\/m) at&#160;11:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Producer Price Index&#160;(m\/m) at&#160;12:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone ECB Monetary Policy Meeting Accounts at&#160;14:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada Trade Balance&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Trade Balance&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Initial Jobless Claims&#160;(w\/w) at&#160;15:30&#160;(GMT+3).<\/li>\r\n\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Friday, April&#160;05\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nFriday&#8217;s US  jobs report will be in the spotlight amid investor confidence that a soft landing awaits the economy. According to the March forecast, the economy added&#160;200\u043a new jobs, the unemployment rate was unchanged at&#160;3.9%, and average hourly earnings growth is expected to have eased to&#160;4.1% y\/y. Such data may hurt the dollar, as the labor market dynamics have weakened since February. Along with the Nonfarm Payrolls report, Canadian labor market data will also be released. Economists expect employment to increase in March by&#160;20k, which probably won&#8217;t impact the likelihood of a rate cut in June. Unless there is a surprise, it\u2019s a bank holiday in China.\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Trade Balance&#160;(m\/m) at&#160;03:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Construction PMI&#160;(m\/m) at&#160;11:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Retail Sales&#160;(m\/m) at&#160;12:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Nonfarm Payrolls&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Unemployment Rate&#160;(m\/m) at&#160;15:30&#160;(GMT+3).<\/li>\r\n<li>\u2013 Canada Unemployment Rate&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada Ivey PMI&#160;(m\/m) at&#160;17:00&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2024.04.01<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\n          We advise you to get acquainted with the daily forecasts for the major currency pairs.\r\n        <\/a--> <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/pl\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (April 01 \u2013 April 05) The main event of the week will be the US nonfarm payrolls report. The US economy is expected to have added 200,000 jobs in March, slowing from the&#160;275,000 jobs added in February. OPEC countries will meet on Wednesday to discuss further plans &#8230;<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[193,330],"tags":[],"class_list":["post-8155","post","type-post","status-publish","format-standard","hentry","category-analytics","category-market-overview"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts\/8155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/comments?post=8155"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts\/8155\/revisions"}],"predecessor-version":[{"id":8162,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts\/8155\/revisions\/8162"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/media?parent=8155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/categories?post=8155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/tags?post=8155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}