Welcome to the TPwithUS Forex Signal and Analysis Site! Here we share, the Red economy news of the first week of April 2024. That means High-impact news refers to economic and financial events that have the potential to affect the forex market significantly.
Week Ahead on of the first week of April 2024
Rate cut hopes rest on US jobs report and Eurozone flash CPI
The worry is that cutting rates pre-emptively under such settings could refuel inflationary pressures. From the Fed’s perspective, the damage to its credibility would be greater in such a scenario than if it were to keep policy restrictive for longer than necessary. But for the markets, the base case of a soft landing is imperative to feeding risk appetite so any change to that outlook risks putting an end to the rally on Wall Street and possibly giving the US dollar a leg up. The best hope for investors therefore is that the incoming data will be neither too hot, nor too cold.
Red economy news of the first week of April 2024
Monday, Apr 1
USD, ISM Manufacturing PMI
Tuesday, Apr 2
EUR,German Prelim CPI m/m
USD, JOLTS Job Openings
Wednesday, Apr 3
USD, ADP Non-Farm Employment Change
USD, ISM Services PMI
USD, Fed Chair Powell Speaks
Thursday, Apr 4
CHF, CPI m/m
USD, Unemployment Claims
Friday, Apr 5
CAD, Employment Change
CAD, Unemployment Rate
USD, Average Hourly Earnings m/m
USD, Non-Farm Employment Change
USD, Unemployment Rate
Thanks for reading Red economy news of the first week of April 2024 with us, Be informed by the TPwithUS team, and take profit with us in the Forex market.
source: https://www.forexfactory.com/calendar?day=apr1.2024&event=136589#detail=136589
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