- April 2, 2018
- Posted by: Joey Benedid
- Category: Market News
Extremely quiet overnight session as Europe is closed for Easter Monday and all G7 pairs have traded within very tight ranges. The only release of note today is U.S. manufacturing numbers due out at 10 AM EST. The RBA has a rate announcement on Tuesday with no move expected while Australian retail sales will follow later in the day. Other releases of note this week will be UK manufacturing numbers also on Tuesday as well as UK construction data, services PMI numbers & Australian trade figures later in the week. Friday sees the main event of U.S. non-farm employment change alongside the unemployment rate where a gain of 190K & a reading of 4% are expected respectively.
USD/CAD remains bound by recent ranges with key levels continuing to be 1.2800 on the downside and 1.2950 up top. We also have jobs & unemployment figures due out Friday with expectations of a 20.3K gain and a rate of 5.8% correspondingly.