This week has many different macro and micro economic data that could be interested for Forex market participants.
Australian consumer sentiment index, German and British trade balances, Chinese datas as well as interest rate, releasing from the Bank of England, will be definitely the main highlights of this trading week.
All times Moscow (MSK)
Monday, April 7
Among the important economic news we note the publication of data on industrial production in Germany. Experts predict that German PMI will show the growth by 0.9% in monthly terms.
By the end of the day in the U.S. will be published changes in the volume of consumer loans.
Tuesday, April 8
At early morning in Australia will be announced the business confidence index from the Reserve Bank of Australia. This index is based on a survey of 350 companies and makes analysis of the economic situation in the short term. An index value above 0 indicates an improvement in business conditions.
In 6 (GMT +3) in the morning the Bank of Japan (BoJ) will announce its interest rate decision, and at the same time will be held a press conference with comments on country’s monetary policy.
At 11:30 the attention of traders will be moved to the PMI publication of the Great Britain.
Wednesday, April 9
Early in the morning in Australia will be presented the consumer sentiment index, consisting of a survey of 1200 consumers and the data on the changing in housing loans on a monthly basis.
At 9 am in Germany will be released data on the trade balance.
And already at 11:30 its trade balance will provide the UK.
At 21:00 in the U.S. will be published the FOMC Minutes.
Thursday, April 10
At 04:30 AM, market participants will turn their attention to the publication of unemployment data from the Australian labor market as well as to changes in employment numbers. According to analysts, the unemployment rate fell from 6% to 5.9%.
At 5 AM, Forex traders will focus on the publication of data from China: exports, imports and trade balance.
During the day, Italy and France will provide their data on industrial production.
At 14:00 Bank of England will announce the decision on interest rates, as well as the planned amount of asset purchases. Experts do not expect changes in the monetary policy of the Bank of England. Nevertheless, we expect a high volatility of the pound at the time of news publication.
At 15:30 is expected to publish primary and repeated applications for unemployment benefits in the United States.
Friday, April 11
At 04:30 AM China will announce the data on consumer price inflation.
In the afternoon Germany, Spain, Switzerland and the USA will release their numbers on producers & consumers price indices.
At 16:55 will be published index of consumer confidence from the University of Michigan.
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EURUSD – April 4th 2014
USDJPY - April 3rd 2014