What are the main events for today? | Forexlive

In the European session, we will get the Swiss CPI and the final Services PMIs. In the American session, we have the US Challenger Job Cuts, the US Jobless Claims, the Canadian Services PMI and the US ISM Services PMI. The data in unlikely to matter much as the focus is on Trump’s tariffs announcement and the potential impact on the global economy. Watch out also for potential retaliation news in the next days.

06:30 GMT – Switzerland March CPI

The Switzerland
CPI Y/Y is expected at 0.5% vs. 0.3% prior, while the M/M figure is seen at
0.1% vs. 0.6% prior. As a reminder, the SNB cut interest rates by 25 bps at the last meeting revising inflation
expectations downward for this year but bumping up those for 2026. The market
thinks the central bank is done with its easing cycle with just 8 bps of easing
priced in by year-end.

Swiss Core CPI YoY

12:30 GMT/08:30 ET – US Jobless Claims

The US Jobless
Claims continue to be one of the most important releases to follow every week
as it’s a timelier indicator on the state of the labour market.

Initial Claims
remain inside the 200K-260K range created since 2022, while Continuing
Claims continue to hover around cycle highs.

This week Initial
Claims are expected at 225K vs. 224K prior, while Continuing Claims are seen at
1870K vs. 1856K prior.

US Jobless Claims

14:00 GMT/10:00 ET – US March ISM Services PMI

The US ISM
Services PMI is expected at 53.0 vs. 53.5 prior. The S&P Global survey saw
the Services sector rebounding strongly in March to 54.3 vs. 50.8 prior. The
agency noted though that “some of the March upturn was reportedly due to
business picking up after adverse weather conditions had dampened activity
across many states in January and February, which could prove a temporary
bounce.” The focus will likely be on the employment and price components.

US ISM Services PMI