USD: employment data
Past-period employment reports are forthcoming. The unemployment rate in February is expected to remain unchanged at 3.4%, while average hourly earnings increased by 0.3% m/m. The number of jobs is predicted to have increased by 206,000 following a previous increase of 517,000. The less the actual figures differ from the forecast, the better for the USD.
EUR: reliance on statistics
The Eurozone will present its employment data and the Sentix investor confidence index for the region. The EUR is taking advantage of any opportunity to regain ground, and the support from the statistics will come in handy.
JPY: awaiting announcements from the central bank
The Bank of Japan will make another interest rate decision, with a high probability the rate will remain in zero territory. For the JPY’s behaviour, the comments and announcements of the central bank following its meeting are particularly important.
China: prepared for the negative
China has already reduced its GDP forecasts for 2023 on Monday. The producer price index as well as inflation and trade balance figures will be released next. Any pessimistic signals from the Chinese economy will be negative triggers for risky assets.
AUD: focus on the central bank
The Reserve Bank of Australia will meet and is likely to raise the yearly interest rate from 3.35% to 3.60%. What matters is the central bank’s comments and its assessment of the developments in the economy and beyond. So far, conditions for the AUD are negative.
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