Weekly Game Plan - 28.3.16

Themes for the Week and potential opportunities


- Most markets closed Monday, flows to return Tuesday. Also end of Q1 and Japanese Fiscal Year End (watch for repatriation flows). Friday is April Fool's day...watch for pranks!

- US data brings halt to dollar run as last week’s hawkish Fedspeak now a memory. On Friday, NFP is expected to print above 200k but don't forget average hourly earnings, expected to remain firm at 2.2%. Eyes will be on Yellen's speech tomorrow at the NY Economic Club (Tue, 16.30 GMT) and then on Evans (Wed) &  Dudley (Thur).


- In the UK, we'll see the BoE minutes (Tue), manufacturing PMI and GfK consumer confidence (Thur), along with Carney speaking in Tokyo (Thur) and GDP (Thur).

- Eurozone CPI will be watched for signs of a bottom (Thur) and German CPI will be the tell-tail (Wed).

- Risk appetite will be swayed by China PMI surveys (Fri) which  might show improvements, despite worse expectations for Japan Tankan index (Fri).

 - Downunder,  NZD has its global dairy auction tomorrow and we also have Australian  PMIs.

AudJpy, CadJpy, EurJpy seem like the best looking movers so far given the weak Jpy and weak Usd but we'll get a better read tomorrow (Tuesday) as London gets going.

Good Luck!