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A world of Trading assets

03/01/2021 Market Chat

Authored by ZanderVanDerMerwe
01.03.2021
Market Commentary
0
2 min

As dusk breaks on the first week of March, ADP figures are calling. It will be a big factor this week as the Fed seems to be focusing more so on employment rather than the big inflation concern.

There seems to be some positivity in the market as progress is being made on the US stimulus package as well as rollout of the highly anticipated Johnson and Johnson Vaccine which should start on Tuesday.

Bond Yields hit 1.61% on Friday as we saw Gold stumble down to 1717 pushing it down to the lowest point it has been this year. This morning saw a recovery back up to 1750 as the Bond Yields came back down to 1.40%.

Monday (SAST)
11:30am - Final Manufacturing PMI (GBP)
4:30pm - Manufacturing PMI (CAD)
5:00pm - ISM Manufacturing PMI (USD)
6:11pm - ECB President Lagarde Speaks (EUR)

Tuesday (SAST)
5:30am - RBA Rate Statements (AUD)
3:30pm - GDP m/m (CAD)

Wednesday (SAST)
2:30am - GDP q/q (AUD)
Tentative - Annual Budget Release (GBP)
3:15pm - ADP Non-Farm Employment Change (USD)
5:00pm - ISM Services PMI (USD)
5:30pm - Crude Oil Inventories (USD)
6:00pm - MPC Member Tenreyro Speaks (GBP)
10:15pm - RBNZ Gov Orr Speaks (NZD)

Thursday (SAST)
All Day - OPEC - JMMC Meetings
7:05 - Fed Chair Powell Speaks (USD)

Friday (SAST)
3:30pm - Average Hourly Earnings m/m (USD)
3:30pm - Non-Farm Employment Change (USD)
3:30pm - Unemployment Rate (USD)
5:00pm - Ivey PMI (CAD)

Authored by ZanderVanDerMerwe
01.03.2021
Market Commentary
0
2 min

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