WEEKLY MARKET REVIEW − April 3-7, 2017 Friday’s NFP report will be this week’s most impactful event. Forex AUD/USD, Daily Most major currencies traded with mixed results against the dollar last week. Earlier in the week the Trump’s failed health care reform plan hurt the dollar. However, since Tuesday the US dollar has for the most part recouped its losses thanks to better than expected US economic statistics. Additionally, US Federal Reserve representatives mentioned that the US economy may require additional rate hikes. This week will feature the Reserve Bank of Australia’s interest rate decision, scheduled for 4:30 GMT. Investors will additionally pay attention to the FOMC Minutes, scheduled for Wednesday 18:00 GMT. However, the most impactful event week will be Friday’s NFP report. Stock Market United States Nasdaq, Daily Last week, the main US stock indexes grew modestly. Negative news regarding failed vote of the medical reform was outplayed by strong economic statistics. Rising oil prices helped prop up the market. In the coming week, investors will focus on US economic statistics. Europe FTSE, Daily The official start of the Brexit procedure was the dominant event that impacted the European Stock exchanges last week. Market participants closely followed developments and the reaction of EU representatives. Despite the beginning of the divorce between the UK and the EU, the market has not yet fully considered the possible consequences of such a move in prices. Commodities Brent Oil Futures, Daily Oil rose by $2 last week. It was caused by interruptions in oil supply from Libya, where the armed confrontation has escalated recently. In addition, the growth in US oil stocks was not as large as most experts expected. Meanwhile, investors expect that participants of the production-cut deal will extend it for another six months. Nevertheless, the number of existing drilling rigs is increasing, which may lead to an imbalance of the market.