3 markets to watch next week - (31.03.2023)

5:13 PM 31 March 2023

Markets are waiting for next, pre-Easter week, when the liquidity conditions may be thinner. Especially in the second half of the next week, when some markets will be shut for bank holiday. Nevertheless, it doesn't mean that the coming week on the markets will be boring. Traders will be offered some top-tier reports from the United States, like ISMs or NFP, as well as jobs data from Canada and RBA rate decision. Be sure to watch US500, OIL and AUDCAD in the week ahead!


Start investing today or test a free demo

Open real account TRY DEMO Download mobile app Download mobile app

A number of top-tier US macro reports will be released next week. For example ISM indices for March (manufacturing - Monday, services - Wednesday), ADP employment report for March (Wednesday, 1:15 PM BST) and NFP report for March (Friday, 1:30 PM BST). Of course NFP will be the most important release but it should be noted that it will be released on a day when most financial markets in the West, including US markets, will be shut in observance of Good Friday. Having said that, the market may trigger outsized moves on futures markets amid thin liquidity.


OPEC+ Joint Minister Monitoring Committee (JMMC) will meet next week, on Monday to make recommendations on output policy. It is expected that no change to the output cut plans will be recommended as oil prices started to recover caused by fading banking system concerns. Moreover, a legal dispute in Iraq has locked around 400k barrels of daily production, what gives OPEC+ even more reasons to stay put for now. Having said that, OPEC+ JMMC recommendation on Monday may be a non-event and oil traders will look towards API and DOE oil inventories reports for sources of volatility.


AUDCAD is one of the FX pairs that may see some larger moves next week. The Reserve Bank of Australia is set to announce a rate decision on Tuesday, 5:30 am BST and rates are expected to be held unchanged. Pause in rate hike cycle was well-communicated by RBA so surprise looks unlikely. However, the accompanying statement may hold some news. AUDCAD may also see some moves on Thursday when the Canadian jobs report for March will be released at 1:30 pm BST. The pair pulled back to the 200-session moving average last week but failed to break below.

Xtb logo

Join over 1 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
userBranchSymbol cc 2 March 2024
test_cookie cc 25 January 2024
adobe_unique_id cc 1 March 2025
__hssc cc 8 September 2022
SESSID cc 2 March 2024
__cf_bm cc 8 September 2022
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
_gid cc 9 September 2022
_gat_UA-98728395-1 cc 8 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_gcl_au cc 30 May 2024
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
__hstc cc 7 March 2023

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
MUID cc 26 March 2025
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_uetsid cc 2 March 2024
_uetvid cc 26 March 2025
_fbp cc 30 May 2024
fr cc 7 December 2022
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 7 March 2023

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence