Weekly Outlook 1st – 5th of April


Maximusfx.com Weekly Outlook – As there were significantly important fundamental economic news data that took place last week, amongst most volatilized currencies, the euro against US dollar on Monday session started from 1.0900, then maintained at major fluctuations between 1.0832 – 1.0950.

This was mainly due to the announcement of healthy inflation records in Eurozone, whereas the slight weakness of U.S wage data balance consequence in the initial quarter of 2017.

The optimistic figures gave impetus on the outlooks that ECB might implement a further aggressive action on potential policy that is going to take place in June.

Accordingly, the US dollar against Japan Yen rose dramatically from 109.60 to 111.77 as the Labor Department triggered the largest degree of labor rate that strengthened 0.8% in the primary 3 month since final quarter of 2007.

However, further economic circumstance of US demonstrated sluggish progress in 3 years in the 3-month time by March based on GDP result at a 0.7 % yearly percentage.

The Great Britain pound against US dollar completed the past 5 days with 7 month increase as foremost news data GDP data produced improvement up to 0.3% in the initial 3 month.

Growth in sterling remained at cautious alert by run-off the prime minister election ahead positioning her position in political zone, Theresa May who claims to progress Brexit talks.

Here is the weekly outlook in the financial market by Maximusfx.com categorized as a list that could cause major volatility across currencies

1st of May, Monday

Asian and European financial markets will be closed for Labor Holiday

European Commission reports on various economic expectations based on different terms of coverage and time by DG ECFIN

Treasure Sec Mnuchin Speech on economic growth, creating jobs and maintaining stable economy in Los Angeles

The US is to announce on expenditure and personal income

The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US

The Bank of Japan Policy meeting is to announce a study of economic movements in Japan

2nd of May, Tuesday

China is to demonstrate its PMI Manufacturing

The Reserve Bank of Australia interest rate announcement is to publish decision on Interest Rate

Australian Budget Release of yearly budget of the country

Announcement of Global Dairy Trade Price Index by New Zealand

Employment rate and change of New Zealand is to declare

3rd of May, Wednesday

Non-Monetary Policy`s European Central Bank meeting minutes

Unemployment change and rate of Germany is to publish

Europe Gross Domestic Products` release of 1st quarter of the year

Europe Producer Price Index announcement by Eurostat through domestic producers of commodities in all stages of processing changes.

US Monetary Policy statement as FOMC releases its statement regarding monetary policy

US Federal Reserve Interest Rate Decision with a pre-set regularity, a nation`s Central Bank economic policy meeting which has great impact on all major currencies.

4thof May, Thursday

Greenery Day in Japan, financial markets closed

Imports, Exports, Trade Balance of Australia is to be announced and RBA Reports by Governor Philip Lowe

ECB President Mario Draghi is to give statements at an event in Switzerland

Bank of Canada speech by Stephen Poloz in Mexico

5thof May, Friday

Greenery Day in Japan, financial markets closed

The RBA is to announce its monetary policy illustrations.

New Zealand is to announce inflation expectation data.

Canada is to declare its monthly employment report

The US is to conduct its start of the month on Friday non-farm payrolls statements for the April by Janet Yellen, Federal Reserve Chair in Providence.