Market Overview

Important upcoming events and publications

Important upcoming events and publications for April 3 (GMT):

08:00 Eurozone services PMI (final assessment) can cause increased volatility in pairs with EUR since the last months it was often worse than expectations. The signs of a region slowdown put pressure on the single currency in March.

08:30 U.K. Services PMI potentially is able to increase volatility in pairs with GBP at the time of publication. It is expected that the uncertainty around Brexit will contribute to the deterioration of business sentiment, while the index will decrease from 51.3 to 51.0.

12:15 U.S. ADP Employment often called the closest indicator to the official payrolls, therefore sharp deviations from expectations can cause a rapid surge of volatility. Analysts on average expect employment growth in the private sector by 184K vs 183K a month earlier.

14:00 U.S. Non-Manufacturing ISM is an important indicator of business activity in anticipation of payrolls, as the service sector provides more than 70% of the country’s GDP. In February, the index jumped from 56.7 to 59.7, and in March it is expected to rise to 58.0, which highlights a fairly high growth rate.

See the detailed Economic calendar here

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