Next week will be filled with macro and microeconomic data from the major world’s economies.
Let us revise key events of the week.
Monday, April 21
Europe is going to celebrate Easter Monday, and European stock exchanges will be closed. Japanese and US stock markets will be available for traders.
Trading balance of Japan will be published on Monday. Important news will also include a publication of the CB Leading index in the USA.
Tuesday, April 22
There will be not much economic news on Tuesday. Existing Home Sales index is worth paying attention to: it will be published in the USA at 5 p.m. (GMT+3).
Wednesday, April 23
Those clients, who trade AUDUSD, should pay attention to the CPI publication at 4:30 a.m. (GMT+3). ‘Aussie’ will be volatile.
Right after that, traders will switch their attention to the publication of Manufacturing PMI by HSBC. Current index value is located at 48.0 points. When the PMI is below 50.0, it indicates that the manufacturing economy is declining, which leads to a decrease of demand for raw assets. If index appears to be worse than a forecast, it can weaken AUD’s positions.
USA, Germany and France will publish their Manufacturing PMIs during the day. Eurozone will do the same.
Traders interested in pound should pay attention to the publication of minutes from the last Bank of England’s meeting. Info should be published at 11:30 a.m. CBI Industrial Trends Orders will be published at 1 p.m.
New Housing Sales will be announced in the USA by the end of the day.
Thursday, April 24
The Reserve Bank of New Zealand will publish its decision on the interest rate at midnight. Experts think that it will grow from 2.75% to 3%.
Germany will publish a whole block of stats at 11 a.m.: business expectations, business climate by IFO and current assessment.
Retail sales statistics will be published in Britain at 11:30 a.m.
A number of orders for durables will be announced at 3:30 p.m.
Friday, April 25
Traders interested in Yen should pay attention to the publication of inflation data at 2:30 a.m. GMT+3.
Information about retail sales in Germany, interest rate in Russia and Michigan Consumer Sentiment will be published during the day. - See more at: https://www.mayzus.com/economical-news/forecast-for-april-2125-2014.html#sthash.QY8JAo2L.dpuf
Let us revise key events of the week.
Monday, April 21
Europe is going to celebrate Easter Monday, and European stock exchanges will be closed. Japanese and US stock markets will be available for traders.
Trading balance of Japan will be published on Monday. Important news will also include a publication of the CB Leading index in the USA.
Tuesday, April 22
There will be not much economic news on Tuesday. Existing Home Sales index is worth paying attention to: it will be published in the USA at 5 p.m. (GMT+3).
Wednesday, April 23
Those clients, who trade AUDUSD, should pay attention to the CPI publication at 4:30 a.m. (GMT+3). ‘Aussie’ will be volatile.
Right after that, traders will switch their attention to the publication of Manufacturing PMI by HSBC. Current index value is located at 48.0 points. When the PMI is below 50.0, it indicates that the manufacturing economy is declining, which leads to a decrease of demand for raw assets. If index appears to be worse than a forecast, it can weaken AUD’s positions.
USA, Germany and France will publish their Manufacturing PMIs during the day. Eurozone will do the same.
Traders interested in pound should pay attention to the publication of minutes from the last Bank of England’s meeting. Info should be published at 11:30 a.m. CBI Industrial Trends Orders will be published at 1 p.m.
New Housing Sales will be announced in the USA by the end of the day.
Thursday, April 24
The Reserve Bank of New Zealand will publish its decision on the interest rate at midnight. Experts think that it will grow from 2.75% to 3%.
Germany will publish a whole block of stats at 11 a.m.: business expectations, business climate by IFO and current assessment.
Retail sales statistics will be published in Britain at 11:30 a.m.
A number of orders for durables will be announced at 3:30 p.m.
Friday, April 25
Traders interested in Yen should pay attention to the publication of inflation data at 2:30 a.m. GMT+3.
Information about retail sales in Germany, interest rate in Russia and Michigan Consumer Sentiment will be published during the day. - See more at: https://www.mayzus.com/economical-news/forecast-for-april-2125-2014.html#sthash.QY8JAo2L.dpuf
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EUR/USD consolidates weekly gains above 1.1150
EUR/USD moves up and down in a narrow channel slightly above 1.1150 on Friday. In the absence of high-tier macroeconomic data releases, comments from central bank officials and the risk mood could drive the pair's action heading into the weekend.
GBP/USD stabilizes near 1.3300, looks to post strong weekly gains
GBP/USD trades modestly higher on the day near 1.3300, supported by the upbeat UK Retail Sales data for August. The pair remains on track to end the week, which featured Fed and BoE policy decisions, with strong gains.
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Week ahead – SNB to cut again, RBA to stand pat, PCE inflation also on tap
SNB is expected to ease for third time; might cut by 50bps. RBA to hold rates but could turn less hawkish as CPI falls. After inaugural Fed cut, attention turns to PCE inflation.
Bank of Japan set to keep rates on hold after July’s hike shocked markets
The Bank of Japan is expected to keep its short-term interest rate target between 0.15% and 0.25% on Friday, following the conclusion of its two-day monetary policy review. The decision is set to be announced during the early Asian session.
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