FX G10 key events: a rich data week – Nomura

By FXStreet Analysts at Nomura Bank gave us the this week’s headline events (all times are GMT).

Key Quotes:

“1. US: Core PCE MoM (Monday 13:30), Employment Report (Friday 13:30), ISM Manufacturing (Friday 15:00) 2. Europe: Euro area inflation (March) (Thursday 10:00) 3. Japan: Labor Force Survey (Tuesday 00:30), Industrial production index (Wednesday 00:50), March BOJ Tankan (Friday 00:50) 4. China: Manufacturing PMI (02:00).

“A data-rich week coming up, with the employment situation, ISM manufacturing and PCE inflation for February the highlights for the U.S. Our economists expect the relevant PPI data to be a drag of 2bp to core PCE inflation, following a positive 2bp contribution in January. On the other hand, the strength in the CPI’s core goods prices should boost core PCE inflation enough to potentially offset the negative impact from PPI data. They forecast a 0.183% increase in core PCE price index in February, which would keep the y-o-y comparison at 1.7%. The slowdown in job growth in January proved to be transitory with gains picking up in February.

Employment indicators from the manufacturing sector point to fewer layoffs and initial and continuing claims data remain stable at very low levels. Our economists forecast that NFP added another 230k workers in …read more

Source:: FX Street