The most important forex news released during the week of April 3-7, 2017

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Global markets are closely awaiting many important forex news, especially the minutes of the Federal Reserve's meeting, which is scheduled to be issued next Wednesday, in order to search for new indications regarding the date of the next US interest rate hike.

Investors are also waiting for many important economic data in the United States, which is the monthly employment data, which is scheduled to be released on Friday.

On the other hand, the markets are awaiting several reports in the United Kingdom on activity in the manufacturing, construction and services sectors in order to search for any new indications regarding the continuation of the Brexit decision on the British economy.

In the eurozone, investors are waiting with great interest to release a report on the economy to measure the strength and durability of the largest economy in the region

Market participants are also awaiting the release of the monetary policy announcement from the Reserve Bank of Australia, which is scheduled to be issued next Tuesday.

Here are the details of the most important major events on the global economic scene...

  1. Minutes of the monetary policy meeting of the Federal Reserve.

Next Wednesday, the Federal Reserve is scheduled to release its report on the minutes of the last monetary policy meeting at 2:00 ET. The possibility of raising it twice or more during this year.

It is also scheduled that a number of monetary policy officials at the Reserve Bank will deliver many statements regarding the future policy of the Bank. On Monday, both of Forex newsNew York Fed President William Dudley, Philadelphia Federal Reserve Chairman Patrick Hacker and Richmond Federal Reserve Chairman Jeffrey Lacker will also speak again on Friday.

The Federal Reserve is not expected to raise interest rates again during its next meeting, which is scheduled to be held in June of this year, according to market positives. The Federal Reserve monitoring tool, while the odds of its increase in September are estimated at 75 %.

  1. US non-farm payrolls report for the month of March

One of the important forex news this week is that the US Department of Labor released its monthly report on the non-farm payroll sector for the month of March at 8:30 am ET (12:30 GMT) on Friday.

Expectations indicate an increase in the number of jobs by 180 thousand jobs after an increase of 235 thousand in the month of February, while the unemployment rate is expected to remain constant by 4.7%, and expectations indicate that the average hourly income will increase by 0.3% during the previous March after rising By 0.2% in February.

In addition to the employment report, this week there are also many important reports from the United States due to be released during the current week. On Monday, some data will be released on retail sales and building permits, in addition to the PMI reading, and on Tuesday, trade and factory orders data will be released. On Wednesday, the non-farm payrolls report will be released along with the non-manufacturing PMI reading, on Thursday the weekly jobless claims will be released, and by the end of the week on Friday, wholesale sales and consumer balance will be released.

Headlines from Washington will also be in focus, as traders await more details about US President Donald Trump's promises on tax reform and infrastructure spending.

Forex news followers are also waiting for a meeting between Chinese President Xi Jinping and President Trump as part of his Mar-a-Lago career, scheduled for next Thursday and Friday.

  1. UK Purchasing Managers Index for the month of March

The UK will release some readings on the manufacturing sector activity in the month of March at 08:30 GMT (3:30 am ET) on Monday, and on Tuesday a report on the construction sector will be released in addition to a report on the construction sector. Services on Wednesday.

Expectations have indicated that the Purchasing Managers' Index will rise to 55.1 during the elapsed month of March from 54.6 in the month of February, and the construction activity index is also expected to improve to 52.6 from 52.5 in the previous month, and for the Purchasing Managers' Index, expectations are to 53.5 from 53.3 the month Past.

Also this week the UK is scheduled to release several data on house prices, industrial production and trade balance.

It is worth noting that the Bank of England kept interest rates unchanged last month, while decision makers were divided as one of the nine members voted to raise interest rates for the first time since July due to the recent rise in inflation.

  1. German Factory Orders for February Past

Germany will publish some data on German factory orders for the month of February at 07:00 GMT (2.00 ET) on Thursday, and it is expected that this data will show a rise of 4.0 % in February after a decrease of 7.4 % last January.

A report will also be published on German industrial production, French industrial production and Spanish industrial production, all of which are expected to witness growth, in a positive sign indicating the ability of the economy in the eurozone to remain stable for a long time within the stage of growth and prosperity.

On the other hand, next Thursday, the European Central Bank is scheduled to publish the minutes of the monetary policy meeting for the month of March.

5 - Minutes of the monetary policy meeting of the Central Bank of Australia

On the list of forex news, the Reserve Bank of Australia issued its latest interest rate decision at 04:30 GMT on Wednesday.

The expectations of the majority of economic analysts indicated that the central bank will keep interest rates unchanged at the current record level of 1.5 % for the ninth consecutive meeting, in addition to maintaining its neutral stance in policy due to the high economic growth in Australia during the last quarter of last year.

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Mohamed Abdel Khaleq

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