The US Non-farm payrolls, also known as NFP, will be published on April 3, at 15:30 MT time.
USD/TRY gets volatile after the rate cut
Today the central bank of Turkey cut its interest rate from 24% to 19.75% (vs. 21.5% expected). After the larger-than-expected rate cut by the Central bank of Turkey, USD/TRY initially tested the resistance at 5.7540 but fell sharply to the support at 5.6411. At the moment, the further direction of the pair is quite uncertain. If bears are strong, they will retest and break the support at 5.6411. The next support will lie at 5.6283. Bulls need to push USD/TRY to the 5.7048 level to confirm their strength. After that, the retest of the 5.7219, 5.74 and 5.7540 levels seems possible.
The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
RBA Rate Statement is released on Tuesday at 07:30 MT time.
WTI oil prices jumped up after Donald Trump’s 2 tweets
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.