The Week Ahead - Finding significant economic events taking place on April 24 - 28 for major economies


Kim Ming Lam


April 21, 2023



Min Read

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

We are looking into the week of April 24 - 28:

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

We are focusing on major economies worldwide, e.g. the U.S., China, Australia, the Eurozone: 

Of course the most important economic data next week will be the U.S. 1Q Gross Domestic Product (GDP) Report due Thursday (April 27). 

According to Trading Central's "Economic Insight", U.S. GDP growth may slow to an annualized rate of 2.3% on quarter in the first quarter.

Trading Central's “Economic Insight” also shows that, in the past 4 U.S. GDP Reports, EUR/USD rose in 75% of times (3 out of 4 reports) within one hour from the report’s release, marking a trading range of 45.82 pips on average.

Other key economic data include:

Monday (April 24)

Germany’s Ifo Business Climate Index may rise to 94.4 in April.

U.S. Chicago Fed National Activity Index is expected to fall to -0.30 in March.

U.S. Dallas Fed Manufacturing Index may drop to -17.0 in April.

Tuesday (April 25)

Australia's stock market will be closed for the Anzac Day holiday.

U.S. New Home Sales may decline 0.5% on month in March.

U.S. Conference Board Consumer Confidence Index is expected to rise to 106.0 in April.

Wednesday (April 26)

Australia's Inflation Rate is expected to slow to 6.8% on year in the first quarter.

Germany’s GfK Consumer Confidence Index may improve slightly to -28.0 in May.

U.S. Durable Goods Orders are expected to increase 0.6% on month in March.

U.S. Trade Deficit may narrow to $89.00 billion in March.

Thursday (April 27)

U.S. GDP Growth may slow to an annualized rate of 2.3% in the first quarter.

U.S. Initial Jobless Claims are expected to tick up to 249,000.

U.S. Pending Home Sales could grow 0.3% on month in March.

Friday (April 28) 

Australia's Producer Price Growth may slow to 5.0% on year in the first quarter.

Japan’s Central Bank is expected to keep its benchmark rate unchanged at negative -0.100%.

Japan’s Industrial Production is estimated to grow 2.0% on month in March.

Japan’s Retail Sales should be down 0.6% on month in March.

Europe 1Q GDP Growth (QoQ): The Eurozone -0.2%; Germany -0.1%; France -0.1%. 

Germany’s Inflation Rate may cool down to 7.0% on year in April.

France’s Inflation Rate should tick down to 5.4% on year in April.

U.S. Core Personal Consumption Expenditure (PCE) Price Growth may be stable at 4.6% on year in March.

Happy Trading!

Source: Trading Central Economic Insight

Kim Ming Lam

Head of APAC Research
Ming graduated from Hong Kong University with a Bachelor's degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.
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