The Economic Calendar for this week including USD, EUR, CHF and CAD currencies

Good morning, dear traders! Welcome to a new trading week. As we kickstart this Monday, let’s delve into the latest market insights and upcoming events that could impact your trading decisions.
Economic calender for First week of April 2024

📆 Economic Calendar

The time zone is GMT+2. Check your time zone here:
1️⃣ USD 16:00 – ISM Manufacturing PMI
1️⃣ EUR (All day) – German Prelim CPI m/m
2️⃣ USD 16:00 – JOLTS Job Openings
1️⃣ USD 14:15 – ADP Non-Farm Employment Change
2️⃣ USD 16:00 – ISM Services PMI
3️⃣ USD 18:10 – Fed Chair Powell Speaks
1️⃣ CHF 8:30 – CPI m/m
2️⃣ USD 14:30 – Unemployment Claims
1️⃣ CAD 14:30 – Employment Change
2️⃣ CAD 17:30 – Unemployment Rate
3️⃣ USD 18:10 – Average Hourly Earnings m/m
4️⃣ USD 14:30 – Non-Farm Employment Change
5️⃣ USD 14:30 – Unemployment Rate

📰 News Highlights:

🇨🇳 China’s Economic Recovery:
China’s industrial activity experienced growth for the first time in 6 months, signaling a positive turn in the nation’s economy. This uptick, reported by the Li Keqiang Index, which serves as a crucial leading indicator, is a promising development. The Hang Seng Index (HK50) reflects this positivity, standing at 16591. As China’s economy plays a significant role in the global market, this news could have widespread implications for various sectors.
🇺🇸 US Economic Indicators:
The US economy is showing signs of resilience with the recent positive turn of the US Leading Economic Index in February. Both Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen have expressed confidence in the economy, which boosts market sentiment and highlights the stability and growth potential of the US market.
📈 Market Trends:
The stock market is currently experiencing a widespread rally that goes beyond the previously dominant “Fabulous Seven” stocks. This expansion suggests a sustained uptrend, with analysts anticipating continued gains. The S&P 500 index, now standing at 5270, indicates the market’s bullish momentum. This trend reflects not only growing investor optimism but also underscores the resilience of the US equity market.
🌐 Cryptocurrency Insights:
The stock market is rallying, while Bitcoin (BTC) demand is growing due to fears of currency devaluation. BTCUSD is consolidating near $70k, reaffirming its preferred asset status during economic uncertainty. OPEC+ is a group of oil-producing nations that manage the global oil supply.
🛢 OPEC+ Decision:
OPEC+ has decided to extend production cuts by 2.2 million barrels per day until 2nd quarter of 2024 to stabilize the market. Brent Crude’s price has risen to $87 per barrel in response to this decision.


According to the Economic Calendar, these developments provide valuable insights for traders as they navigate the financial markets throughout the week. Stay informed, stay vigilant, and make well-informed trading decisions.
Trade with Guriforex.

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