{"id":70297,"date":"2015-03-29T09:05:36","date_gmt":"2015-03-29T13:05:36","guid":{"rendered":"http:\/\/countingpips.com\/?p=70297"},"modified":"2015-03-29T09:05:36","modified_gmt":"2015-03-29T13:05:36","slug":"the-week-ahead-focus-on-eurozone-pmi-u-s-ism-and-non-farm-payrolls","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/03\/the-week-ahead-focus-on-eurozone-pmi-u-s-ism-and-non-farm-payrolls\/","title":{"rendered":"The Week Ahead: Focus On Eurozone PMI, U.S. ISM And Non-Farm Payrolls"},"content":{"rendered":"<div id=\"inves-3100932716\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 29, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/GrowthAces.com\" target=\"_blank\">GrowthAces.com<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"\" src=\"http:\/\/growthaces.com\/sites\/default\/files\/twa_29032015.png\" alt=\"Economic Forecasts For Forex Traders\" width=\"676\" height=\"1321\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong>EUR\/USD<\/strong><\/p>\n<ul type=\"disc\">\n<li>We maintain our opinion the EUR\/USD have bottomed out and do not expect the USD to regain its strength. In our opinion only very strong U.S. economic data would have potential to get EUR\/USD back on a bearish trend observed since the middle of last year.<\/li>\n<li><strong>One of the most important events this week will be the Eurozone March CPI estimate (on Tuesday). We expect HICP flash to be 0.0% yoy vs. the market forecast of -0.2% yoy.<\/strong> Higher inflation reading should give a boost to the EUR.<\/li>\n<li>Investors will focus their attention also on <strong>U.S. manufacturing PMI for March (on Wednesday). <\/strong>The market expects weaker reading than in the previous month. In our opinion even slightly higher data will be not sufficient to trigger any significant downside move on the EUR\/USD.<\/li>\n<li>But <strong>the most important event this week will be the release of U.S. non-farm payroll data (on Friday). Our forecast of 230k is lower than the market consensus of 244k and lower than strong 295k reading from the previous month<\/strong>. That is why long positions on the EUR\/USD are justified.<\/li>\n<li><strong>Friday will be a holiday on many markets.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>GBP<\/strong><\/p>\n<ul type=\"disc\">\n<li>GBP traders will focus on <strong>UK GDP growth revision for the fourth quarter (on Tuesday<\/strong>) and manufacturing PMI (on Wednesday). Slightly upward GDP revision will be probably not enough to spur demand for the GBP.<\/li>\n<li><strong>We expect GBP to depreciate against the EUR. However, the GBP may strengthen somewhat against the USD. T<\/strong>he bullish potential on the GBP\/USD will be, however, limited given the uncertainty ahead of the UK general election in early May.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>JPY<\/strong><\/p>\n<ul type=\"disc\">\n<li><strong>The JPY has benefited from Yemen conflict, as geopolitical tensions always support safe-haven currencies.<\/strong> A further intensification of tensions should be JPY-positive.<\/li>\n<li>Let us take a look at the economic calendar for this week. <strong>First-quarter Tankan results (on Wednesday) are expected to be slightly better than in the previous quarter which should be helpful to JPY bulls. <\/strong>Nevertheless, the performance of Japanese economy is still poor and we can still see speculation about additional QE measures. In our opinion the probability of such a scenario is very low.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>By <a href=\"http:\/\/GrowthAces.com\" target=\"_blank\">GrowthAces.com<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By GrowthAces.com &nbsp; EUR\/USD We maintain our opinion the EUR\/USD have bottomed out and do not expect the USD to regain its strength. In our opinion only very strong U.S. economic data would have potential to get EUR\/USD back on a bearish trend observed since the middle of last year. One of the most important [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-70297","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=70297"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70297\/revisions"}],"predecessor-version":[{"id":70298,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70297\/revisions\/70298"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=70297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=70297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=70297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}