The U.S dollar declined sharply last Friday after an unexpectedly weak U.S. nonfarm payrolls report , economists had forecast jobs growth of 245,000 last month but the U.S. economy added 126,000 new jobs in March , down to 264,000 from 295,000 (previous month).
A weak labor market report could push the Fed to increase interest rate in the nearest future ………Anyway , let’s highlight the most critical events which may influence currency market this week :
Monday, April 6 2015
Markets in Australia, New Zealand, China, Europe and the U.K. will remain closed for holidays.
Spain will release its monthly unemployment report.
Canada will publish its Ivey PMI.
The U.S will release data on ISM Non-Manufacturing PMI.
Tuesday, April 7 2015
Australian Retail Sales (MoM) followed by Reserve Bank of Australia (RBA) Interest Rate Decision .
The euro zone will release data on Services PMI (Mar).
The U.K. will release its services PMI.
Wednesday, April 8 2015
Japan will produce data on Economy Watchers Current Index and BoJ Interest Rate Decision followed by Press Conference ..
Germany will produce data on factory orders .
Switzerland will release data on Consumer Price Index (CPI) ..
Euro zone will release data on Retail Sales ..
The Federal Reserve will publish the minutes of its March meeting (FOMC).
Thursday, April 9 2015
The U.K. will release data on the trade balance.
Bank of England Interest Rate Decision.
Canada will publish a report on building permits.
The U.S. will release its weekly report on initial jobless claims.
Friday, April 10 2015
Australia will release data on home loans.
China will release data on Consumer Price Index (CPI) and data on Producer Price Index (PPI).
The U.K. will release data on Industrial Production and manufacturing production.
Canada will release data on Employment Change..
The U.S. will release data on Federal Budget Balance (Mar)..