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
