Weekly Game Plan 3.4.17

Going into the week, markets might have to digest the worse Caixin PMI data (issued Saturday) from China. There was also an article from the WSJ saying the FED is readying plans to reduce QE after two more hikes in 2017. NFP is the main focus this week; RBA also due; Trump/Xi Jinping meeting expected to be tense.

USD: Plenty of events due: FOMC Minutes (Wed), NFP (Friday), Trump/Xi Jinping meeting (Thur/Fri). Also ISM Manuf. (Mon), Trade data (Tue), ADP (Wed), ISM Non-Manuf (Wed). Five Fed speakers will comment: Dudley (twice), Tarullo, Harker, Williams.

EUR: Manuf. PMI (Mon), Retail Sales (Tue), Services PMI (Wed), Ger Ind. Prod. (Fri). ECB speakes include Coeure and Bundesbank’s Beermann & Thiele (Mon), Mario Draghi (Tue), Draghi, Constancio and Coeure (Thur), Draghi & Praet (Fri).

GBP: Manuf. PMI (Mon), Services PMI (Tue), Ind. Prod. & Traed data (Fri). BOE Speakers include
Vlieghe (Wed) & Carney (Fri).

CAD: BOC survey (Mon), Trade Balance (Tue).

Asia: Japanese Tankan for Q1 will be released on Monday.

Busier week for Aussie as well: AUD Retail Sales, Building Approvals, AIG Manuf. (Mon), RBA decision & Trade data (Tue).

Going into the week I remain bearish on the Euro across the board; I like Gbp strength vs. Eur & Nzd in particular; Silver, Dax & Crude all ended last week on the front foot and may continue this week.

Good Luck!

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