vendredi 27 mars 2015
Week Ahead in FX: EU Inflation and US Jobs Data to Decide USD Fate
Posted on 13:49 by nice news
The USD was able to bounce back toward the end of the week and ahead of a crucial set of data releases. EUR/USD is trading at 1.0876 close to the price levels of the start the week (1.0809) after hitting and failing to stay at 1.10.
European inflation is the highlight in an indicator-packed Tuesday. Wednesday will bring further insight into the strength of the U.S. economic recovery with the release of the ISM manufacturing data and ADP nonfarm employment change. Trade balances in Canada and the U.S., along with the construction purchasing managers’ index in the U.K., will be the focus of the market on Thursday. The end of the week will bring the biggest indicator in forex: the U.S. nonfarm payrolls (NFP) report. Though April 3 is the Good Friday holiday, investors worldwide will once again be acutely focused on the resilience of the American jobs data.
via SOURCE
European inflation is the highlight in an indicator-packed Tuesday. Wednesday will bring further insight into the strength of the U.S. economic recovery with the release of the ISM manufacturing data and ADP nonfarm employment change. Trade balances in Canada and the U.S., along with the construction purchasing managers’ index in the U.K., will be the focus of the market on Thursday. The end of the week will bring the biggest indicator in forex: the U.S. nonfarm payrolls (NFP) report. Though April 3 is the Good Friday holiday, investors worldwide will once again be acutely focused on the resilience of the American jobs data.
via SOURCE
Week Ahead in FX: EU Inflation and US Jobs Data to Decide USD Fate
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