TC Economic Insight - The Week Ahead (Apr 8 - 12)


Christophe Chevalier


April 6, 2024



Min Read

TC Economic Insight - The Week Ahead (Apr 8 - 12)

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

We are looking into the trading week of April 8 - 12:

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:

U.S. Federal Reserve officials have recently given cautious comments regarding interest-rate cuts, dampening investor sentiment and driving volatilities in the stock market.

Minneapolis Fed Bank President Neel Kashkari even said that no interest-rate cut may be required this year.

Investors should be watching closely another set of U.S. inflation data due Wednesday (April 10).

According to Trading Central's "Economic Insight", the U.S. Inflation Rate could tick up to 3.4% on year in March while the Core Inflation Rate may slip to 3.7%.

In the past 12 U.S. Inflation Reports, EUR/USD fell in 58% of times (7 out of 12 events) within one hour from the report’s release, marking a trading range of 69.81 pips on average.

Key Economic Data Forecasts:

Monday (April 8)

JP Average Cash Earnings (FEB) +1.4% YoY

DE Industrial Production (FEB) +0.3% MoM 

Tuesday (April 9)

JP Consumer Confidence (MAR) expected to climb to 40.0

AU Westpac Consumer Confidence (APR) +0.5% MoM

AU NAB Business Confidence (MAR) may drop to -3

GB BRC Retail Sales Monitor (MAR) +1.1% YoY

Wednesday (April 10)

NZ Central Bank expected to keep key interest rate unchanged at 5.50%

JP Producer Prices (MAR) +0.8% YoY

US Inflation Rate (MAR) may accelerate to 3.4% YoY

US Core Inflation Rate (MAR) may dip to 3.7% YoY

CA Building Permits (FEB) -1.2% MoM

CA Central Bank expected to hold key interest rate unchanged at 5.00%

Thursday (April 11)

CN Inflation Rate (MAR) expected to accelerate to 1.2% YoY

CN Producer Prices (MAR) -1.9% YoY

GB RICS House Price Balance (MAR) may improve to -5%

EA ECB expected to hold key interest rates unchanged

US Producer Price Inflation (MAR) may accelerate to 2.1% YoY

US Initial Jobless Claims may dip to 218,000

Friday (April 12)

CN Exports (MAR) +6.0% YoY

CN Imports (MAR) +2.0% YoY

GB Industrial Production (FEB) expected to show no growth MoM 

GB GDP (FEB) expected to show no growth MoM 

US University of Michigan Consumer Sentiment (APR) may edge up to 79.5

Happy Trading!

Source: Trading Central Economic Insight

Christophe Chevalier

Technical Analyst
Christophe has an STA Level 1 & 2 from the Society of Technical (UK), an MS in Financial Trading ESLSCA France’s elite financial education university and an MBA from ISC Paris Business School. He joined TC in 2007, bringing over 11 years experience in financial markets.
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