#ForexChief #MarketFocus #forexnews #NFP #OPEC #worldnews #forexmarket #GlobalDairyTrade #FRS #ECB #BankOfCanada⠀
📊 Market focus: events of the current week⠀
👉 A week ago, we were all calmly preparing for the normalization of the monetary policy of the main central banks, but now the alignment of forces has changed. The impact of the usual news factors on the currency and commodity markets has declined sharply.
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However, you need to pay attention to the NFP results, the Beige Book report, data on business activity in the US non-manufacturing sector, inflation in the Eurozone countries, statements by the Bank of Canada and the RBA, GlobalDairyTrade milk auction and OPEC comments.
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Main speculative driver is the situation in Ukraine, as well as the short-term reaction and assessment of the consequences of anti-Russian sanctions. Official speeches by representatives of the FRS and the ECB are not planned, but situational comments will definitely be. We are closely following the speeches of political leaders.
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specified time is GMT Offset 0
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Tuesday, 1
AUD: RBA Interest Rate Decision, Rate Statement (03:30)
EUR: Manufacturing PMI (09:00)
GBP: Manufacturing PMI (09:30)
USD: ISM Manufacturing, Manufacturing PMI, Manufacturing Employment (15:00); U.S. President Biden Speaks (Tentative); API Weekly Crude Oil Stock (21:30)
NZD: GlobalDairyTrade Price Index (Tentative)
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Wednesday, 2
AUD: GDP (00:30)
EUR: CPI (10:00)
GBP: Annual Budget Release (Tentative); Nationwide HPI (GBP)
USD: OPEC Meeting (10:00); ADP Nonfarm Employment Change (13:15); Crude Oil, Cushing Crude Oil Inventories (15:30); Beige Book (18:00)
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Thursday, 3
AUD: Building Approvals, Trade Balance (00:30)
GBP: Composite, Services PMI (09:30)
EUR: ECB Publishes Account of Monetary Policy Meeting (12:30); Markit Composite, Services PMI (09:00); Unemployment Rate (10:00)
USD: Initial Jobless Claims, Nonfarm Productivity, Unit Labor Costs (13:30); Fed Chair Powell Testifies (15:00); ISM Non-Manufacturing, Markit, Services Composite PMI (15:00)
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Friday, 4
AUD: Retail Sales (00:30)
GBP: Construction PMI
USD: Nonfarm Payrolls(13:30)
EUR: Retail Sales (10:00)
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Profits to y’all!