Markets.com Logo
euEnglish
LoginSign Up

Week ahead: Eyes on key US economic data, jobs report

Mar 27, 2022
4 min read
Table of Contents

    With the Federal Reserve going all-in with the hawkish language, traders will be watching a barrel-load of key US economic data this week for clues as to the likely course of action by the central bank in the months ahead. PCE inflation, PMI releases and the all-important nonfarm payrolls report mean this will be a busy week ahead. 

    Inflation 

    US CPI inflation hit 7.9% in February, the highest level for 40 years. Now the focus will be on this week’s PCE inflation report, which is the Fed’s preferred measure of inflation.  

    Last month’s report covering the month of January showed the PCE price index increased 6.1 percent from one year ago, reflecting increases in both goods and services. Energy prices increased 25.9 percent while food prices increased 6.7 percent. Excluding food and energy, the PCE price index for January increased 5.2 percent from one year ago. 

    Market pricing suggests the Fed could do two back-to-back 50bps hikes at the next two meetings. Recent rhetoric from several Fed officials indicate growing support for a more hawkish move. Jay Powell left the door open to 50bps hikes last week, saying inflation was much too high. The core PCE inflation number will help policymakers decide.

    Jobs 

    The jobs report has arguably taken on a little less significance of late, since we know the labour market is extremely tight and inflation is the main worry for the Fed. The last two reports have indicated very strong labour market growth at the start of the year and this trend is likely to Nevertheless, there is still a tendency for volatility around the release and traders will be paying extra close attention to the wage data for signs of a wage price spiral so feared by policymakers.  continue. 

    Other data 

    Market participants will also be watching for the ISM manufacturing PMI from the US, as well as the Chicago PMI. Ahead of the nonfarm payrolls report on Friday, we get the ADP jobs number, whilst JOLTS job openings are released on Tuesday. 

    Ukraine

    Oil markets and other commodities will continue to remain sensitive headlines from the Ukraine conflict. Peace talks have yielded little and increasing concerns about tightness in the physical market were evident last week with steep backwardation emerging again in the futures curve.

    Major economic data 

    Sun Mar 27 2:00am CHF Daylight Saving Time Shift 
      EUR Daylight Saving Time Shift 
      GBP Daylight Saving Time Shift 
    Mon Mar 28 Tentative EUR German Import Prices m/m 
     12:00pm GBP BOE Gov Bailey Speaks 
     1:30pm USD Goods Trade Balance 
      USD Prelim Wholesale Inventories m/m 
    Tue Mar 29 12:30am JPY Unemployment Rate 
     12:50am JPY BOJ Summary of Opinions 
     1:30am AUD Retail Sales m/m 
     7:00am EUR German GfK Consumer Climate 
      EUR German Retail Sales m/m 
      GBP Nationwide HPI m/m 
     9:30am GBP M4 Money Supply m/m 
      GBP Mortgage Approvals 
      GBP Net Lending to Individuals m/m 
     2:00pm USD FOMC Member Williams Speaks 
      USD HPI m/m 
      USD S&P/CS Composite-20 HPI y/y 
     3:00pm USD JOLTS Job Openings 
      USD CB Consumer Confidence 
     10:45pm NZD Building Consents m/m 
    Wed Mar 30 12:01am GBP BRC Shop Price Index y/y 
     12:50am JPY Retail Sales y/y 
     1:00am NZD ANZ Business Confidence 
     All Day EUR German Prelim CPI m/m 
     8:00am CHF KOF Economic Barometer 
      EUR Spanish Flash CPI y/y 
     9:00am CHF Credit Suisse Economic Expectations 
     10:10am GBP MPC Member Broadbent Speaks 
     Tentative EUR Italian 10-y Bond Auction 
     1:15pm USD ADP Non-Farm Employment Change 
     1:30pm USD Final GDP q/q 
      USD Final GDP Price Index q/q 
     2:00pm CHF SNB Quarterly Bulletin 
     3:30pm USD Crude Oil Inventories 
    Thu Mar 31 12:50am JPY Prelim Industrial Production m/m 
     1:30am AUD Building Approvals m/m 
      AUD Private Sector Credit m/m 
     2:00am CNH Manufacturing PMI 
      CNH Non-Manufacturing PMI 
     6:00am JPY Housing Starts y/y 
     7:00am GBP Current Account 
      GBP Final GDP q/q 
      GBP Revised Business Investment q/q 
     7:45am EUR French Consumer Spending m/m 
      EUR French Prelim CPI m/m 
     8:55am EUR German Unemployment Change 
     9:00am EUR Italian Monthly Unemployment Rate 
     10:00am EUR Italian Prelim CPI m/m 
      EUR Unemployment Rate 
     Tentative GBP 10-y Bond Auction 
     Tentative EUR German 30-y Bond Auction 
     12:30pm USD Challenger Job Cuts y/y 
     1:30pm CAD GDP m/m 
      USD Core PCE Price Index m/m 
      USD Unemployment Claims 
      USD Personal Income m/m 
      USD Personal Spending m/m 
     2:00pm USD FOMC Member Williams Speaks 
     2:45pm USD Chicago PMI 
     3:30pm USD Natural Gas Storage 
     4:00pm CHF Gov Board Member Maechler Speaks 
     Tentative CAD Annual Budget Release 
     10:30pm AUD AIG Manufacturing Index 
    Fri Apr 1 12:50am JPY Tankan Manufacturing Index 
      JPY Tankan Non-Manufacturing Index 
     1:30am JPY Final Manufacturing PMI 
     2:45am CNH Caixin Manufacturing PMI 
     6:30am AUD Commodity Prices y/y 
     7:45am EUR French Gov Budget Balance 
     8:15am EUR Spanish Manufacturing PMI 
     8:30am CHF Manufacturing PMI 
     8:45am EUR Italian Manufacturing PMI 
     8:50am EUR French Final Manufacturing PMI 
     8:55am EUR German Final Manufacturing PMI 
     9:00am EUR Final Manufacturing PMI 
     9:30am GBP Final Manufacturing PMI 
     10:00am EUR CPI Flash Estimate y/y 
      EUR Core CPI Flash Estimate y/y 
     1:30pm USD Average Hourly Earnings m/m 
      USD Non-Farm Employment Change 
      USD Unemployment Rate 
     2:30pm CAD Manufacturing PMI 
     2:45pm USD Final Manufacturing PMI 
     3:00pm USD ISM Manufacturing PMI 
      USD Construction Spending m/m 
      USD ISM Manufacturing Prices 
     All Day USD Wards Total Vehicle Sales 
    Sat Apr 2 3:00pm NZD Daylight Saving Time Shift 
     5:00pm AUD Daylight Saving Time Shift 
     6:00pm USD FOMC Member Williams Speaks 

     


    Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. 

    Written by
    SHARE

    Markets

    • Palladium - Cash

      chartpng

      --

      0.49%
    • EUR/USD

      chartpng

      --

      -0.45%
    • Cotton

      chartpng

      --

      -0.76%
    • AUD/USD

      chartpng

      --

      -0.20%
    • Santander

      chartpng

      --

      2.07%
    • Apple.svg

      Apple

      chartpng

      --

      -0.95%
    • easyJet

      chartpng

      --

      -1.07%
    • VIXX

      chartpng

      --

      1.81%
    • Silver

      chartpng

      --

      -0.01%
    Table of Contents

      Related Articles

      VAPE Stock Soars 600%: What’s Happening with CEA Industries?

      VAPE Stock Soars 600%: CEA Industries, known by its ticker symbol VAPE, has recently seen a remarkable surge in its stock price, soaring by 600%.

      Ghko B|1 day ago

      DJT Stock Dips: What’s Going on with Trump Media?

      DJT Stock Dips: Trump Media & Technology Group (TMTG) has become a focal point in the media landscape, especially with the launch of its social media platform, Truth Social.

      Frances Wang|1 day ago

      Trending Stocks Today: PLTR Stock , MCVT Stock, SMCI Stock, NVDA Stock

      Trending Stocks Today: in the ever-evolving landscape of financial markets, certain stocks catch the attention of market participants due to their innovative approaches and strategic developments.

      Frances Wang|2 days ago
      Markets.com Logo
      google playapp storeweb tradertradingView

      Contact Us

      support@markets.com+12845680155

      Markets

      • Forex
      • Shares
      • Commodities
      • Indices
      • Crypto
      • ETFs
      • Bonds

      Trading

      • Trading Tools
      • Platform
      • Web Platform
      • App
      • TradingView
      • MT4
      • MT5
      • CFD Trading
      • CFD Asset List
      • Trading Info
      • Trading Conditions
      • Trading Hours
      • Trading Calculators
      • Economic Calendar

      Learn

      • News
      • Trading Basics
      • Glossary
      • Webinars
      • Traders' Clinic
      • Education Centre

      About

      • Why markets.com
      • Global Offering
      • Our Group
      • Careers
      • FAQs
      • Legal Pack
      • Safety Online
      • Complaints
      • Contact Support
      • Help Centre
      • Sitemap
      • Cookie Disclosure
      • Awards and Media

      Promo

      • Gold Festival
      • Crypto Trading
      • marketsClub
      • Welcome Bonus
      • Loyal Bonus
      • Referral Bonus

      Partnership

      • Affiliation
      • IB

      Follow us on

      • Facebook
      • Instagram
      • Twitter
      • Youtube
      • Linkedin
      • Threads
      • Tiktok

      Listed on

      • 2023 Best Trading Platform Middle East - International Business Magazine
      • 2023 Best Trading Conditions Broker - Forexing.com
      • 2023 Most Trusted Forex Broker - Forexing.com
      • 2023 Most Transparent Broker - AllForexBonus.com
      • 2024 Best Broker for Beginners, United Kingdom - Global Brands Magazine
      • 2024 Best MT4 & MT5 Trading Platform Europe - Brands Review Magazine
      • 2024 Top Research and Education Resources Asia - Global Business and Finance Magazine
      • 2024 Leading CFD Broker Africa - Brands Review Magazine
      • 2024 Best Broker For Beginners LATAM - Global Business and Finance Magazine
      • 2024 Best Mobile Trading App MENA - Brands Review Magazine
      • 2024 Best Outstanding Value Brokerage MENA - Global Business and Finance Magazine
      • 2024 Best Broker for Customer Service MENA - Global Business and Finance Magazine
      LegalLegal PackCookie DisclosureSafety Online

      Payment
      Methods

      mastercardvisanetellerskrillwire transferzotapay
      The www.markets.com/za/ site is operated by Markets South Africa (Pty) Ltd which is a regulated by the FSCA under license no. 46860 and licensed to operate as an Over The Counter Derivatives Provider (ODP) in terms of the Financial Markets Act no.19 of 2012. Markets South Africa (Pty) Ltd is located at BOUNDARY PLACE 18 RIVONIA ROAD, ILLOVO SANDTON, JOHANNESBURG, GAUTENG, 2196, South Africa. 

      High Risk Investment Warning: Trading Foreign Exchange (Forex) and Contracts For Difference (CFDs) is highly speculative, carries a high level of risk and is not appropriate for every investor. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. Please read the full  Risk Disclosure Statement which gives you a more detailed explanation of the risks involved.

      For privacy and data protection related complaints please contact us at privacy@markets.com. Please read our PRIVACY POLICY STATEMENT for more information on handling of personal data.

      Markets.com operates through the following subsidiaries:

      Safecap Investments Limited, which is regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under license no. 092/08. Safecap is incorporated in the Republic of Cyprus under company number ΗΕ186196.

      Markets International Limited is registered  in the Saint Vincent and The Grenadines (“SVG”) under the revised Laws of Saint Vincent and The Grenadines 2009, with registration number  27030 BC 2023.

      Close
      Close

      set cookie

      set cookie

      We use cookies to do things like offer live chat support and show you content we think you’ll be interested in. If you’re happy with the use of cookies by markets.com, click accept.