Coming live after long weekend, this week is filled with significant risk events, capable to start off fresh trends.
What to watch for over the coming days
- Janet Yellen’s speech
Dollar and US rates traders will be focusing on Tuesday, when FED chair Janet Yellen is scheduled to speak in New York. Focus will be on tone of the speech, whether she is similarly optimistic, like her colleagues have been last week, fuelling strength of Dollar.
- BOE commentaries
Bank of England will be releasing statements from its last week’s financial policy committee’s meeting. Focus will also remain on the commentaries from BOE, for further guidance in Pound.
- Brexit talks
Focus for Pound will once again be on the commentaries surrounding referendum. So it could very well be make or break week for Pound. Breaking below 1.4 area would push Pound further lower against Dollar.
- China manufacturing
This year China has been major driver of risks, so focus will be on Friday morning as Chinese manufacturing PMI (both official and private) gets released.
- NFP
Once again on Friday, post manufacturing PMI from China, focus will turn to US, where non-farm payroll report for March will be released. Focus will be on the wage components, a rise would bring back focus on rate hikes from FED.


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