Weekly Fundamentals – 06 April 2015

Posted On 07 Apr 2015
By :
Tag: , , , , ,

THE WEEK AHEAD FUNDAMENTALLY – KEY DATA TO WATCH OUT FOR

Last week was all about the NonFarm Payroll figure which took place on Friday when most markets were celebrating the Easter break.

We have written a new MACRO piece on the number so rather than repeat ourselves readers can access the article here.
This week whilst reasonably light on economic data is pretty full of Central Bank announcements.
USDUSD starts on Monday when FOMC Member Dudley speaks. His response to questions is what the markets will be focusing on. We also have the ISM Non-Manufacturing PMI which has just been released at 56.5 close to consensus of 56.6.
Wednesday is the important day for the USD when we have the latest FOMC Meeting Minutes. As always market participants will dissect the wording to try and understand if the FED’s stance towards interest rates has changed.
On Thursday we have the customary Unemployment Claims number which is estimated to show that a further 283,000 joined the ranks of claimants.
EUROThere is only one item of note for the Euro this week which occurred today with the release of Spanish Unemployment Change. This was expected at -18,300 and came in at a much better -60,200.
GBP: On Tuesday we have the release of Services PMI which is expected at 57.1.
On Thursday we have the Official Bank Rate Statement which should no increase in rates maintaining Base Rate at 0.5%. We also have the far more important MPC Rate Statement. Like the FOMC Minutes market participants will be analyzing the wording to see whether the BOE’s stance on interest rates has changed.
Friday sees the announcement of Manufacturing Production expected at 0.4%.
YEN: On Tuesday we have two items. Firstly we have the Current Account figure expected at 0.61TR. More importantly we have the BOJ Monetary Policy Statement.
On Wednesday we have the BOJ Press Conference. This is as important as the previous day’s Monetary Policy Statement.
AUD: AUD news starts on Monday with Retail sales forecasted to be 0.4%.
On Tuesday we have both the Cash Rate which is the interest rate charged on overnight loans between financial intermediaries expected to be unchanged at 2.25% and the important RBA Rate Statement.
CNY: Only one item of note for the CNY which takes place on Thursday with CPI which is expected to be 1.3%.
OUR VIEW: n interesting week with four of the main central banks making announcements.
Market participants will be hanging on every word both spoken and written to try and ascertain whether the bankers will continue to remain accommodative, turn more hawkish or in fact push out interest rate hikes further out.
It will be volatile.
Stay nimble. Good luck trading.

CHECK OUR INTERACTIVE ECONOMIC CALENDAR FOR FULL LIST OF UPCOMING DATA RELEASES

DISCLAIMERThe information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Users acknowledge and agree to the fact that, by its very nature, any investment in CFDs and similar and assimilated products is characterized by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.

Any recommendation, opinion or advice contained in such material reflects the views of TFF, and TFF expressly disclaims any responsibility for any decisions or for the suitability of any security or transaction based on it. Specifically, any decisions you may make to buy, sell or hold a security based on such research will be entirely your own and not in any way deemed to be endorsed or influenced by or attributed to TFF.

Past performance should not be seen as an indication of future performance. Market and exchange rate movements may cause the value of your investment to rise or fall and an investor may not get back the amount invested.

Investors considering opening a self-trading account or investing in the TFF Capital Pool, should limit their exposure to maximum 10% of their investment capital.Eligibility for participation in the capital pool is subject to final determination and acceptance by TFF.

Investments are not obligations of, deposits in, insured or guaranteed by TFF.

Won't your trader friends like this?
TFF
About the Author
TFF aims to provide our customers with the best skills and knowledge to achieve their personal financial goals and level the playing field. The senior officials and staff of the TFF Team have more than 80 years experience in financial product trading, sales and fund management. For more information on TFF CLICK HERE.

Related Posts

Leave a Reply

*