Next Week

April 1, 2016

Central Bank Action:  Interest rate policy meetings in Australia, India, Poland and Serbia.  The FOMC minutes and ECB Account of their last meetings get published.  A unique panel discussion among the four last Fed Chairs (Volcker, Greenspan, Bernanke and Yellen) on Thursday in NYC at International House will attract particular interest.  Yellen, Mester, George, Kaplan, and Kashkari are some of the Fed officials speaking publicly.  Other central bankers with planned public speaking engagements are ECB President Draghi, Praet and Constancio of the ECB, BOJ Governor Kuroda, Wilkins of the Bank of Canada, and Kent of the Reserve Bank of Australia.

Holiday:  Ching Ming Festival in China and Hong Kong at the start of the week.

More Purchasing Managers Surveys:  Covering construction for Germany, Australia, and Britain.  Covering retail for Euroland, Germany, France and Italy.  Covering service-sector activity in the case of the United States, Euroland, Germany, Spain, France, Italy, Ireland, Japan, Australia, Russia, India, Britain, Sweden, and China.  Covering manufacturing in India, Hong Kong, Singapore, Egypt, Saudi Arabia, Lebanon, and the U.A.E..

Scheduled U.S. Data:  The trade deficit, the IBD/TIPP optimism index, JOLTS index, New York regional PMI (NAPM), consumer credit and weekly observation of jobless insurance claims, consumer comfort, chain store sales, mortgage applications and energy inventories.

Japanese Statistics:  Current account, bankruptcies, economy watchers index, labor cash earnings index of leading economic indicators, reserves, bank lending, monetary base, and consumer confidence.

Selected Other Asian Data:  China’s trade balance, reserves and foreign direct investment.  Filipino consumer and producer prices.  South Korean index of leading economic indicators.

Australia, Turkey and South Africa:  Australian trade.  Turkish and South African industrial output.  Turkish CPI and PPI.

Britain and Switzerland:  British shop prices, Halifax house price index, trade, industrial production and monthly GDP.  Swiss CPI and unemployment.

Euroland:  Retail sales and Sentix investor confidence index.

Members of the Eurozone:  German industrial orders and production, current account and trade.  French current account and trade balance. Spanish and French industrial production.  Cypriot, Greek, Dutch and Irish consumer prices.  Irish, Greek and Finnish industrial output.  Greek unemployment.

Nordic Europe:  Swedish, Danish, and Norwegian industrial production.  Denmark’s current account.

Eastern Europe:  Romanian and Czech retail sales.  Hungarian and Czech industrial output.  Romanian GDP and Hungarian CPI.

Canada and Brazil:  Canadian labor statistics, trade balance, building permits and IVEY-PMI.  Brazilian consumer prices.

Friday marks the eighth anniversary of Currency Thoughts.  Every one of the 6,337 updates and more than 3.26 million words written on this site can be found easily through in its archives at no cost.

Copyright 2016, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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