Started by RoboForex, Mar 30, 2022, 05:36 am
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This week, investors are waiting for interesting statistics, reports, and OPEC+ decision.
Japan will publish the statistics of retail sales and the unemployment rate, manufacturing and non-manufacturing PMI, including Tankan calculations. All this will help see what is really going on in production. The statistics will hardly hold the JPY back from a new decline but will at least give more information.
Most important data are the US employment market statistics for March: specifically, the unemployment rate, average wage, and the NFP. Also, the weekly unemployment claims report can become a nice surprise: previously, it demonstrated the lowest level of the last 40 years. Taken together, strong reports can support the USD.
The Euro zone will present inflation statistics for March: most probably, they will renew all-time highs. Also, check out February unemployment rates, final manufacturing PMI for February in the region and separate countries. The EUR looks weak and prone to further declining.
Australia is getting ready to publish retail sales statistics that will demonstrate the activity level of consumers. Investors will keep an eye on energy carrier prices: the dynamics are now good for the economy of the country. AUD remains strong, and there is a chance it will grow.
At the upcoming meeting, OPEC+ will decide upon production parameters for the next month. Most probably, previous decisions about releasing 400 thousands barrels a day will remain in force. So, the market is mostly anticipating comments. If OPEC+ will decide to extend the supply shortage, Brent price will start growing.
The post A Week in the Market: Statistics and Oil (28 March - 1 April) appeared first at R Blog - RoboForex.
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