Market Update 04-04-17

A glance at our economic calendar for this week in which there are a number of very important economic data to look forward to.
As of yesterday, the United States reported that its construction spending and manufacturing data were positive overall, affirming the economy’s steady improvement and helping lift the US dollar.
Today, the Reserve Bank of Australia will be making a decision on their interest rate. Reuters poll indicates that they will maintain it at 1.5 percent.
On Thursday, the Chinese President, Xi Jinping, is going to meet with the US President Donald Trump. In an interview with the Financial Times, Trump held out the possibility of using trade as a lever to secure Chinese cooperation against North Korea.
Lastly on Friday, we have US Nonfarm payrolls for the month of March which is expected to decrease to 180,000 from 235,000. Its unemployment rate however, is expected to remain the same at 4.7 percent.

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