mask Markets Back in Action after Easter Holidays

03/ 04/ 2018

Markets Back in Action after Easter Holidays

Daily Update - 03rd April 2018

Yesterday’s Market

  • USD ISM Priced Paid & ISM Manufacturing PMI

Yesterday Explained

A dull trading day to start the week, as most markets were closed for Easter holiday. US had two mid-tier reports released with mixed results which had little impact to support the greenback. ISM Prices Paid report was positive but negative ISM manufacturing figures showed that business conditions in the US manufacturing sector has slowed down.

Today’s Market

  • AUD RBA Rate Statement & Interest Rate Decision
  • EUR Retail Sales & Markit Manufacturing PMI
  • GBP Markit Manufacturing PMI
  • USD FOMC Member Kashkari Speech

Today’s Focus

Most markets will be opened for trading after the long Easter holidays. Early morning, we will see RBA releasing their Interest rate decision along with their rate statement. Then it will be Euro zone with the release of Retail Sales and Markit Manufacturing PMI.

UK will also release their Markit Manufacturing PMI while this will be scrutinized closely as last month’s reading indicated that the expansion in the manufacturing sector was at the lowest level in eight months. The day will end with a speech by FOMC member Neel Kashkari.