US Federal Reserve

Monday 4th April

8:30am – ECB Praet Speaks

9.30am – UK construction PMI (March): expected to fall to 53.8 from 54.2.

10am – eurozone unemployment (February): expected to hold at 10.3%. 

10am – Eurozone PPI (YoY) -3.3% exp vs -2.9% prior ; (MoM) -0.5% vs -1% prior

Tuesday 5th April

5.30am – RBA rate decision & statement: rates expected to remain on hold at 2%.

7am – German Factory Orders (MoM) 0.3% exp vs -0.1% prior

8:30am – IMF President Lagarde speech

8:30am – Bundesbank Weidmann speech

8:55am – German Composite PMI (March) 54.1 exp vs 54.1 prior

8:55am – German Services PMI (March) 55.5 exp vs 55.3 prior

9am – Eurozone Composite PMI (March) 53.7 exp vs 53 prior

9am – Eurozone Services PMI (March) 54 exp vs 53.3 prior

9.30am – UK services PMI (March): expected to rise to 52.9 from 52.7. 

10am – Eurozone Retail Sales (MoM) (Feb) -0.2% exp vs 0.4% prior

10am – Eurozone Retail Sales (YoY) (Feb) 1.6% exp vs 2% prior

1pm – US trade balance (February): deficit forecast to narrow to $44.4 billion from $45.7 billion.

2.45pm – US Markit services PMI (March, final): no revision to current level of 50 expected.

3pm – US ISM non-mfg PMI (March): expected to rise to 54 from 53.4.

Wednesday 6th April

2.45am – China Caixin services PMI (March): forecast to fall to 50.9 from 51.2.

7am – German Industrial Production (MoM) (Feb) -0.8% exp vs 3.3% prior

8:15am – ECB Nouy Speech

3.30pm – US EIA inventories: stockpiles expected to rise by 1.99 million barrels.

7pm – Fed minutes: the dovish take on the recent Fed meeting was amplified by Janet Yellen’s speech last week. 

Thursday 7th April

6am – Bank of Japan monthly report: this update on the Japanese economy could set the tone for yen crosses during the session.

7:30am – ECB Praet Speech

8am – ECB Constancio Speech

8am – ECB 2015 Annual Report 

9:30am – ECB Coeure Speech

12:30pm – ECB Monetary Policy Meeting Accounts

3pm – ECB President Mario Draghi speaks

1.30pm – US initial jobless claims: expected to be 272K, down from 276K in preceding week.

Friday 8th April 

3am – China trade balance (March): surplus forecast to widen significantly to $43.9 billion from $32.6 billion.

7am – German Balance of Trade (Feb) €21.5 Bn exp vs €13.6 Bn

9.30am – UK trade balance, industrial & mfg production (February): trade deficit expected to widen to £3.9 billion from £3.5 billion. Industrial production to rise 0.5% YoY and mfg production to increase by 0.26% YoY.

1.30pm – Canada employment data (March): unemployment rate expected to hold at 7.3%, while the number of jobs increases by 4300 from a 2300 drop last month.