TC Economic Insight - The Week Ahead (Apr 22 - 26)


George Lam


April 20, 2024



Min Read

TC Economic Insight - The Week Ahead (Apr 22 - 26)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of April 22 - 26:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

As the U.S. inflation rate is not cooling as fast as expected, investors do not expect the U.S. Federal Reserve to cut interest rates very soon.

This has led to pressure seen in the stock markets recently. Investors need encouragement given by a slower inflation rate. 

Another set of closely-watched inflation data will come out next week. According to Trading Central's "Economic Insight", U.S. Core Personal Consumption Expentiture (PCE) Price Inflation may slow to 2.7% on year in March from 2.8% in February.

In the past 12 U.S. Core PCE Price Index Reports, EUR/USD rose in 50% of times (6 out of 12 events) within one hour from the report’s release, marking a trading range of 29.90 pips on average.

Key Economic Data Forecasts:

Monday (April 22)

CA Producer Price Index (MAR) -1.3% YoY

Tuesday (April 23)

DE HCOB Manufacturing PMI (APR) may rise to 42.9

GB S&P Global Manufacturing PMI (APR) may tick up to 50.5

US S&P Global Manufacturing PMI (APR) expected at52.0

US New Home Sales (MAR) +2.7% MoM


US Richmond Fed Manufacturing Index (APR) may improve to -8

Wednesday (April 24)

AU Inflation Rate (Q1) to slow to 3.4% YoY

DE Ifo Business Climate (APR) expected at 88.9

US Durable Goods Orders (MAR) +0.8% MoM

CA Retail Sales (FEB) +0.1% MoM

Thursday (April 25)

NZ Market Closed For ANZAC Day Holiday

AU Market Closed For ANZAC Day Holiday

DE GfK Consumer Confidence Index (MAY) expected at -26.6

FR Business Confidence Index (APR) may remain at 102

US GDP Growth Rate (Q1) +2.3% QoQ

US Initial Jobless Claims (APR/20) may tick up to 213,000

Friday (April 26)

AU Producer Prices Index (Q1) expected to slow to 2.6% YoY

JP Tokyo Core Inflation Rate (APR) may ease to 2.3% YoY

JP Bank of Japan expected to keep key rate unchanged at 0.000%

US Core PCE Price Inflation (MAR) may slow to 2.7% YoY

US Personal Spending (MAR) +0.3% MoM

US Personal Income (MAR) +0.4% MoM

Happy Trading!

Source: Trading Central Economic Insight

George Lam

Technical Analyst
George Lam is a technical analyst attached to Trading Central's Hong Kong Office. George graduated from the University of Manchester with a bachelor's degree in economics, and has been engaged in the financial analysis field in Hong Kong for about 10 years.
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