Fundamentals to watch out for this week

This week is not very risk heavy in terms of events, compared to last week, however some specific risks related to several currency pairs are quite large.

What to watch for over the coming days 

• RBI announcement 

Indian assets and currency has been one of the top performers in March, so focus is on Tuesday’s RBI decision. It is widely expected that Reserve Bank of India (RBI) will reduce rates by 25 basis points but chances are there that it may surprise with more.

• RBA interest rate decision 

RBA is widely expected to keep rates on hold, however any surprise would lead to big volatility. RBA’s reactions to recent strengthening of Aussie Dollar would be key to watch.

• UK services PMI 

Any worse than expected economic release is becoming extra worse, due to fear surrounding Brexit, so Pound’s main focus will be on the release of services PMI on Tuesday, which may define it’s movement for the week.

• US primary

Tuesday will host primaries for both Democrats and Republicans in Wisconsin. Ted Cruz and Bernie Sanders are leading in polls.

• FOMC minutes 

Wednesday will see FOMC releasing minutes of meeting for March meeting.

• Mega FED discussions 

On Thursday, FED chair Janet Yellen will be joining in New York, former FED chairs, Ben Bernanke, Paul Volcker and Alan Greenspan for a joint discussion hosted by International House in New York.