Economic Data Releases to Stir Markets This Week
• The first week of April has several top US economic data releases, including ISM PMIs, job openings, Powell's speech, and the critical Nonfarm Payrolls report. Markets are on edge ahead of these.
• Monday's red-hot ISM Manufacturing PMI beat estimates and sent yields and the dollar up, worrying stocks and gold. It sets the tone for other releases.
• Powell speaks Wednesday after getting some jobs data. His tone on rate cuts and the labor market will move markets. Hawkish signals boost the dollar.
• Nonfarm Payrolls on Friday is forecast to show a moderate 200K jump in jobs. But the number and wages often surprise, so volatility is expected. Weaker data helps gold, stocks.
• With nervous markets and crucial events, the author recommends trading carefully this volatile week. Sign up for analysis on Powell's speech to decode signals.