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Weekly Market Outlook – 03/04/16

Weekly Market Outlook – 03/04/16

The U.S continued to exhibit that its economy is good when compared to many of the other major players. The Non-Farm Employment Change numbers beat expectations slightly, wages showed an incremental increase, and the ISM Manufacturing PMI reading was also better than expected. This doesn’t mean all things are golden for the U.S. economy, but when compared to places like China and Europe – the data from the States has continued to offer better news.

The USD The USD The USD is the official currency of the United States of America. It is the largest reserve currency... More is the official currency of the United States of America. It is the largest reserve currency... More traded in rather tight trends vs. the EUR The EUR The EUR is the official currency of the European Union. Presently 19 out of the 28 collective  nati... More is the official currency of the European Union. Presently 19 out of the 28 collective  nati... More and GBP The GBP The GBP is the official currency of the United Kingdom. The GBP is a major currency and currently ra... More is the official currency of the United Kingdom. The GBP is a major currency and currently ra... More on Friday and its price action sets up an interesting week to come. U.S. stock markets also rose on Friday compared to many other global bourses which struggled. Asia had a poor day of trading for many of the corporate shares closing out Friday.

Data this coming week as always will be of interest for traders and investors alike. However, the real question that will have a big effect on the markets is the direction of the Federal Reserve The Federal Reserve The Federal Reserve The Federal Reserve is the Central Bank of the United States of America and sets the monetary policy When used by traders and investors monetary policy When used by traders and investors monetary policy When used by traders and investors monetary policy usually refers to Central Bank policy concerning ... More usually refers to Central Bank policy concerning ... More usually refers to Central Bank policy concerning ... More ... More is the Central Bank of the United States of America and sets the monetary policy... More is the Central Bank of the United States of America and sets the monetary policy... More . While the U.S. jobs numbers were improved, they were not earth shattering and the tepid results from China regarding its PMI Manufacturing reading will not set off a parade – meaning that there is still quite a bit of caution that investors and analysts will feel (including the Fed The Federal Reserve is the Central Bank of the United States of America and sets the monetary policy... More ) when gauging the health of the global economy.

This means opportunities exist for traders who will be able to take advantage of trends that should not be too volatile. Existing sentiment in the broad markets is likely not going to change this week unless there are sudden international events politically. Calm markets are good markets for trading.

From Europe on Monday, the reading for the Sentix Investor Confidence will be released and Factory Orders data will come from the States. While both of these reports are not seen as major market shakers, their outcomes could play a role in market psychology for traders who are looking to take short-term positions.

German Factory Orders statistics will be released on Tuesday and U.S. Trade Balance numbers will follow. Japan will publish Leading Indicators on Wednesday, followed by the German Industrial Production results, and a Crude Oil Inventories review and the FOMC Meeting Minutes from the States.

The week will close with Janet Yellen of the Fed The Federal Reserve is the Central Bank of the United States of America and sets the monetary policy... More speaking on Friday, Japanese Current Account info, German Trade Balance, and Manufacturing Production data from the United Kingdom.