Forex fundamental analysis and economic calendar review (April 3-7)

Fundamental analysis examines and analyzes the most important economic news and data and their impact on the forex market and other markets.
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In this fundamental analysis, we will examine the key events, news, and economic data from April 3-7 for the major currencies and assets in the forex market and their impact on the overall market trend.

A review of last week's important events

Last week there was no more news about the banking crisis, it seems that this crisis has ended, and the big banks supported the smaller banks to provide their liquidity. On the other hand, there was no significant data released last week, and most of the data was according to the market's expectations. And the US dollar seems to be more affected by the data from the following weeks.

The economic calendar review from April 3-7

In the coming week, data from the United States, Australia, and New Zealand will be important in the economic calendar.


On Monday at 02 pm, ISM Manufacturing PMI for the US was released, all of which were lower than expected, which caused the US dollar to weaken.

On Tuesday at 02 pm, the JOLTS Job Openings report (February) (Prev: 10.824M | Fore: 10.400M) was published. The US employment data is significant, the stronger the employment data, the more likely the NFP will be released, and the dollar will strengthen.

On Wednesday at 12:15 pm, the ADP Non-Farm Employment Change (March) (Prev: 242k | Fore: 200k) will be published. The employment data can help predict the NFP data.

On Wednesday, the Final Services PMI will publish. The US service PMI is much more important than the manufacturing PMI because 70% of the US economy is in the service sector. If these data are published worse than expected like Monday's data, it can cause the US dollar to weaken. At 01:45, the Final Services PMI (March) (Prev: 53.8 | Fore: 53.8), and at 02 pm, the more important data of the ISM Services PMI report (March) (Prev: 55.1 | Fore: 54.5) is published.

As usual, on the first Friday of every month, US employment data is published, but this Friday, due to Holy Friday, most of the world's banks and financial institutions are closed, which is why market liquidity is less. If the American banks are not closed due to this news release, in any case, this data will be released in most of the world as opposed to a holiday, but due to the lack of liquidity in the market capital management must be observed, there may be strange movements in the market. At 12:30 pm, the Non-Farm Employment Change (Prev: 311k | Fore: 215k) and Unemployment rate (Prev: 3.6% | Fore: 3.6%) will release. At the moment of the news release, most focus is on the NFP data, and the symbols related to the dollar will perform good fluctuations. But in general, the analysts will examine the results of these two data, the growth rate index and the average monthly hourly income.

Other currencies

At 04:30 am on Tuesday, the Australian interest rate was released unchanged at 3.6%. Also, the RBA Rate Statement was released at the same time.

On Wednesday at 02 am, RBNZ Rate Statement will be determined, and it is expected that the interest rate of this country will reach 5% from 4.75%. The increase in the interest rate of Australia can bring the Australian dollar cross-currency pair with a good fluctuation.

The RBA Gov Lowe will speak at 02:30 am UTC on Wednesday.

On Thursday at 12:30 pm, Employment Change (Feb) (Prev: 21.8K | Fore: 12.0K) and Unemployment rate (February) (Prev: 5.0% | Fore: 5.1%) will be released for the Canadian dollar.


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