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Major market events: April, 21-25
Written by: PaxForex analytics dept - Friday, 27 June 2014 0 comments
This coming week Forex traders await data on Japan's trade balance, index of business activity in the manufacturing sector from HSBC bank, PMI data from the USA, Germany and France, the interest rate decision of the Reserve Bank of New Zealand and other events.
All times Moscow (MSK)
Monday, April 21
Throughout the Europe will be celebrated Easter Monday, so European stock markets will be closed. Only the stock markets of Japan and the U.S. will be available to traders.
Among the important news we can just note the publication of Japan's trade balance, as well as the index of leading indicators in the United States.
Tuesday, April 22
Tuesday will be also not rich on economic data. We only note the publication of data on housing sales in the secondary market in the U.S., which is scheduled for 17:00.
Wednesday, April 23
At 04:30 clients, working with the pair AUDUSD, will turn their gaze to the data on consumer price inflation. Volatility is expected in that period.
And already at 04:45 traders will switch to the index of business activity in the manufacturing sector from the HSBC bank. The current value of the index is 48 points. Going below 50 will indicate a slowdown in economic development, which in turn will lead to a decrease in demand for commodities. If the index will worse prognosis, it could lead to a weakening of the Australian dollar.
During the day U.S., Germany and France will present their performance of manufacturing activity PMI. In addition, to be published indexes of business activity and production for the euro area as a whole.
Traders of the British pound should pay attention to the publication of protocols from the last Bank of England meeting, which is