This week, brace yourselves for all economic revelations that could influence your investment decisions and alter the trajectory of the markets! 🎢
We'll see how the United States' manufacturing sector fares in comparison to the European Union, and what the labor market has in store for us as we decipher the puzzle of job openings and employment changes.
Join us as we delve into the top 5 economic events to watch during April 3 – 7 📅
The countdown begins! 👇
United States ISM Manufacturing PMI – Monday, April 3rd
📅 The ISM United States Manufacturing PMI will be released on Monday, April 3, at 17:00 (GMT+3).
📌 The United States ISM Manufacturing PMI (Purchasing Managers' Index) is a closely-watched economic indicator that measures the manufacturing sector's overall health and activity level by surveying purchasing managers at various companies across the country.
📊 It is crucial for traders to closely monitor the upcoming release of the United States ISM Manufacturing PMI, as the market is currently anticipating a slight dip in the index, which could have a negative impact on stocks but potentially bolster the US Dollar. However, questions remain: will this decline in the manufacturing sector indeed lead to a drop in stock prices, or will other factors come into play?
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
United States JOLTS Job Openings – Tuesday, April 4th
📅 On Tuesday, April 4, the US Job Openings will be released at 17:00 (GMT+3).
📌 United States JOLTS (Job Openings and Labor Turnover Survey) Job Openings is a monthly report published by the Bureau of Labor Statistics, which provides insight into the labor market by tracking the number of unfilled job positions available, as well as the rate of which employees are hired or leave their jobs.
📊 Traders should keep a keen eye on the forthcoming release of the US JOLTS report, as expectations are pointing towards a rise in available positions, which has already prompted a positive market reaction. As optimism builds, investors are left pondering: will this anticipated increase in job openings translate into sustained gains for US stocks?
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
United States ADP Nonfarm Employment Change – Wednesday, April 5th
📅 On Wednesday, April 5, the US ADP Nonfarm Employment Change will be released at 15:15 (GMT+3).
📌 United States ADP Nonfarm Employment Change is a monthly report produced by the ADP Research Institute in collaboration with Moody's Analytics, which estimates the change in the number of people employed in the private sector, excluding workers in the agricultural industry, and serves as a precursor to the government's official nonfarm payrolls reports.
📊 As the ADP Nonfarm Employment Change release approaches, traders ought to be vigilant, for this economic indicator could unveil significant insights into the private sector's job market. How will this data release impact various asset classes ($EUR/USD, $US Dollar Index, $GOLD, $Stocks), and can unforeseen factors shift the market sentiment?
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
United States ISM Non-Manufacturing PMI – Wednesday, April 5th
📅 The US ISM Non-Manufacturing PMI will be released on Wednesday, April 5, at 17:00 (GMT +3).
📌 The ISM Non-Manufacturing PMI is an economic indicator that measures the performance of the non-manufacturing sector in the US economy.
📊 With predictions suggesting a marginally improved outcome compared to the previous release, the question on everyone's mind is whether this subtle uptick will be sufficient to buoy the U.S. stock market and vital indices such as the Dow Jones and Nasdaq. Astute investors must weigh the potential impact of this data on the broader economic landscape and determine if it holds power to propel the markets forward or if other prevailing factors could offset this perceived improvement.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
United States Nonfarm Payrolls – Friday, April 7th
📅 The United States Nonfarm Payrolls will be released on Friday, April 7, at 15:30 (GMT +3).
📌 United States Nonfarm Payrolls is a significant monthly economic report published by the Bureau of Labor Statistics, which reveals the net change in employment within the country, excluding workers in the agricultural sector, and is widely considered a critical barometer of the health and growth of the US economy.
📊 As we approach the pivotal US Nonfarm Payrolls release, traders brace for a potential curveball, with projections indicating a potentially weaker-than-anticipated outcome. This cornerstone economic indicator has the power to alter market dynamics and challenge traders' expectations.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
That's it for this week! 👋
