Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
RBNZ and RBA Decisions. Next Week Will Be Volatile
Information is not investment advice
Here are some of the most crucial news to look at
ISM Manufacturing PMI
April 03, 17:00 GMT+3.
This is the oldest indicator on the market and a leading indicator that is important to look at. The previous fact was 47.7.
Economists expect that for March, it will become 47.1.
The economy stagnates if the index is lower than the 50 level.
According to Markit, PMI in the US is growing – the preliminary fact was 49.3 points. It means that maybe the fact of the ISM Index will be even better than the forecast, and USD will rise.
Instruments to trade: EURUSD, USDCAD, USDJPY
RBA Interest Rate Decision
April 04, 07:30 GMT+3.
The current interest rate in Australia is 3.6%.
According to the RBA rate tracker, the market expects RBA to pause in monetary tightening.
In this case, verbal interventions will be crucial and define the further AUD movement.
AUD may fall.
Instruments to trade: AUDUSD, AUDCAD, AUDNZD
RBNZ interest rate decision
April 05, 04:00 GMT+3.
New Zealand is a net importer of Australia. It means that if RBA pauses, RBNZ will do it too.
Moreover, it will give room for RBNZ to move the rate down.
Instruments to trade: NZDUSD, NZDCAD, AUDNZD
US Unemployment rate and Nonfarm
April 07, 15:30 GMT+3.
A weak labor market will persuade traders more that the Fed will be ready for monetary easing.
The unemployment rate is expected to be at 3.6%.
Nonfarm is slowing and is expected to be at +240K lower than in March.
USD may fall.
Instruments to trade: EURUSD, USDJPY, USDCAD
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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