Here are some of the important economic data that will be the focus of the market throughout this week.
MONDAY (April 1, 2024):
US Manufacturing PMI ISM Survey (10.00 PM) – Markets will assess the current health of the US economy for March through a look at this key sector. The latest reading is predicted to increase, but still remains below the 50 point level.
TUESDAY (April 2, 2024):
JOLTS Employment Data (10:00 PM) – The labor sector is an important indicator for the central bank of the Federal Reserve (Fed) for their further monetary policy setting. However, the number of jobs offered in March is expected to be slower than the previous month.
25 Mar 2024 9:31 AM
US ADP Employment Data (8.15 PM) – Being an early lead for the NFP employment reading, this report measuring private employment will be watched first. An increase in the published figures will give a positive signal.
US Services PMI ISM Outlook (10.00 PM) – The outlook for the non-manufacturing sector in America is expected to remain above stable. Significant changes in readings can have an impact on currency movements.
THURSDAY (April 4, 2024):
US Unemployment Benefit Claims Data (10.00 PM) – Being one of the components of the labor data, this weekly benefit claim is evaluated with the current reading still remaining around the 200,000 level.
FRIDAY (April 5, 2024):
Canadian Jobs Data (8.30 PM) – After a stellar report in February, Canada's latest jobs data reading for March is expected to slow slightly. Job growth is expected to be slightly weaker than before and the unemployment rate is expected to rise to 5.9%.
US NFP Employment Data (8.30pm) – Being the main focus data this week, key indicators for interest rate cuts by the Federal Reserve will be known through the reading of this employment report. A downbeat report for March would signal the central bank to turn to policy easing and cause the US dollar to fall.
