Next week's macro outlook: The US-Iran conflict will reach a critical turning point, and the Bank of Japan and the Federal Reserve may signal interest rate hikes.

Golden Finance reports that on March 29, the conflict between the U.S., Israel, and Iran has lasted for a whole month, and the coming week will still be full of uncertainties and black swan events. Whether it leads to peace talks or an escalation of conflict, every small step will tug at the market’s tense nerves. In addition to geopolitical conflicts, the Bank of Japan and the Federal Reserve will present their interest rate hike expectations roadmap to the market, and the U.S. non-farm payroll data will also have a significant impact on market liquidity expectations, specifically as follows:
On Monday at 07:50, the Bank of Japan will release a summary of opinions from the March monetary policy meeting;
On Tuesday at 04:00, New York Fed President Williams will give a speech;
On Wednesday at 00:00, Chicago Fed President Goolsbee will deliver opening remarks at an event hosted by the bank;
On Wednesday at 23:00, 2026 FOMC voter and Dallas Fed President Logan will speak; on Thursday at 20:30, U.S. initial jobless claims for the week ending March 28 and U.S. February trade balance;
On Friday at 20:30, U.S. March unemployment rate, U.S. March seasonally adjusted non-farm payrolls, U.S. March average hourly earnings year-on-year, U.S. March average hourly earnings month-on-month;
On Friday at 21:45, U.S. March S&P Global Services PMI final value.
Finally, on April 3 (Friday), the New York Stock Exchange (NYSE) and Nasdaq will be closed all day; trading in precious metals and U.S. crude oil futures will be suspended all day; stock index futures will end early (Beijing time 21:15); forex and U.S. Treasury futures will end early (Beijing time 23:15); Brent crude oil futures will be suspended all day.