NAGA Markets draws traders’ attention to the key economic events this week from April 1st to 5th:
- US JOLTS vacancies (April 2, 17:00 GMT+2): Next up is the JOLTS Jobs Report in the US. This report is scheduled for April 2 at 17:00 GMT+2 and will give traders insight into the state of the labor market with a forecast of 8.410 million job openings. Higher job openings support confidence in the economy, stimulating consumer spending. Fewer vacancies could raise concerns and impact market sentiment.
- EU CPI and Core CPI m/m (April 3, 12:00 GMT+2): The monthly releases of the European CPI and Core CPI on April 3 at noon GMT are important indicators of inflation in the eurozone. These figures may impact the EUR/USD pair in light of expected ECB policy adjustments.
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- US PMI in the non-manufacturing sector from ISM (April 3, 17:00 GMT+2): Traders and investors are also awaiting the ISM Non-Manufacturing PMI on April 3 at 17:00 GMT+2. With a forecast of 51.7, this indicator could influence the SPX500 rally and overall market sentiment.
- US Nonfarm Payrolls (April 5, 15:30 GMT+2): On April 5 at 15:30 GMT+2 a report on employment in the non-agricultural sector (Nonfarm Payrolls) will be released, which will become a key indicator for the US economy. The forecast for 176,000 jobs, down from the previous 275,000, could weigh on assets including the Nasdaq, SPX500, Dow Jones, and the US dollar.
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