At 14:30 (GMT+2), in Canada data on the unemployment rate for March will be published. This indicator fixes the percentage of the number of unemployed over 18 years of age to the total working-age population. Only registered unemployed are counted. The indicator is expected to grow from 5.6% to 7.2%, which may put pressure on the Canadian dollar.
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At 14:30 (GMT+2), in Canada data on the level of employment for March will be published. This indicator captures changes in the number of employed citizens in the country. It is expected that the number of employed citizens will be reduced by 350.0K. The implementation of the forecast may put pressure on the Canadian dollar.
At 14:30 (GMT+2), weekly data on the number of initial unemployment claims in the United States will be released. The indicator reflects the number of people who applied for unemployment benefits for the first time in the past week. These data are collected by the Ministry of Labor and published in a weekly report. The number of applications for benefits is used to measure the state of the labor market since an increase means fewer people are hiring. The indicator is expected to decline from 6.648 million to 5.250 million.
At 13:30 (GMT+2), the ECB will publish the minutes of its last monetary policy meeting. They may contain an assessment of the current situation in the European economy in connection with the spread of the coronavirus epidemic, as well as hints of further steps of the regulator.
At 08:00 (GMT+2), data on UK GDP for February will be released. It is the main indicator reflecting the state of the national economy which takes into account domestic consumption, investment, government spending and exports. The indicator is expected to grow from 0.0% to 0.1%. A forecast may support the pound.
At 08:00 (GMT+2), in the UK data on industrial production for February will be published. The indicator fixes the level of change in the volume of industrial production and utilities in the country. The calculation takes into account the manufacturing and mining industries, as well as the electric power industry. Production is expected to grow by 0.1% after a 0.1% decline a month earlier. An implementation of the forecast may support the pound.
At 20:00 (GMT+2), the US Fed will publish the minutes of its last meeting. It may contain an assessment of the current situation in the American economy in connection with the spread of the coronavirus epidemic, as well as hints of further steps by the Fed. In March, the regulator reduced the interest rate twice and now it is at 0.25%. A number of economic support measures have also been put in place, including an unlimited program of quantitative easing.
At 16:30 (GMT+2), the US Energy Information Administration (EIA) will publish a weekly report on changes in volumes of crude oil, as well as gasoline and distillates in the United States. An increase in stocks usually leads to pressure on prices. Stocks are expected to grow by 10.133 million barrels. The realization of the forecast can put pressure on quotes.
At 14:30 (GMT+2), Canada will publish data on the number of issued building permits for March. The indicator records a monthly change in the number of permits issued by the Canadian government for the construction of real estate and is one of the most important indicators of the construction sector. In March the index is expected to decrease by 4.5% after rising by 4.0% in February. The realization of the forecast can put pressure on CAD.
At 14:15 (GMT+2) in Canada, March data on the number of new houses starts will be published. It records the change in the number of new residential buildings that began construction during the reported month. It is one of the most important indicators of the construction market. The indicator is expected to decrease from 210.1K to 180.0K units. The realization of the forecast can put pressure on CAD.