- This week presents ample trading opportunities across currencies such as the US dollar, Euro, Turkish lira, and Australian dollar.
- Key events include the release of US jobs data and inflation reports in Europe, alongside signals of potential interest rate cuts in both regions.
US Dollar:
In the United States, investors are eagerly awaiting the release of the US job reports. Projections indicate a potential increase of 198 thousand non-farm payrolls in March, marking a decline from the 275 thousand jobs added in February.
Richard Clarida, former Vice Chair of the US Federal Reserve and current global economic adviser to PIMCO, suggested in his recent analysis that despite potential sticky inflation and a robust economy, the FOMC might consider a Fed Funds rate cut at the June meeting, framing it as a potentially one-off adjustment before initiating a full cycle of rate cuts later in the year.
Euro:
In Europe, attention will be on key inflation reports for the Eurozone, Germany, France, Italy, and Spain. The projected headline rate for the Euro Area remains steady at 2.6% in March.
Robert Holzmann, a member of the European Central Bank Governing Council, hinted at the possibility of interest rate cuts in Europe occurring before those in the U.S., contingent upon wage and price developments by June.
Turkish Lira:
Consumer prices in Turkey are expected to increase to 69.0% from 67.7%, marking the highest rate since November 2022.
Australian Dollar:
In Australia, economic focus will be on the release of minutes from the RBA’s latest meeting and February’s trade balance figures.
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