Week's main events (April 11 – April 15)

Last week, investors focused mainly on FOMC minutes, which showed that the Fed would raise rates more aggressively amid a strong labor market and high inflation. Fed officials also reaffirmed the committee's intention to take a more aggressive approach, including cutting the balance sheet. This week, investors will focus on inflation data in the United States, Britain, Germany, and China. Also, this week the central banks of Canada and New Zealand will meet on interest rate decisions. Analysts predict interest rate hikes in both cases. Investors will also focus on the ECB meeting, but analysts do not expect changes, given the conservatism of European politicians. Investors should also watch the start of the US earning period in the first quarter of 2022.

Monday, April 11
On Monday, investors' attention will be focused on the inflation data from China and the UK economic indicators. Analysts forecast a slight increase in consumer prices in China.
Main events of the day:
  • – China Consumer Price Index (q/q) at 04:30 (GMT+3);
  • – China Producer Price Index (q/q) at 04:30 (GMT+3);
  • – UK GDP (m/m) at 09:00 (GMT+3);
  • – UK Industrial Production (m/m) at 09:00 (GMT+3);
  • – UK Manufacturing Production (m/m) at 09:00 (GMT+3);
  • – Japan BOJ Gov Kuroda’s Speech, tentative (GMT+3);
  • – US FOMC Member Bowman Speaks at 16:30 (GMT+3).
Tuesday, April 12
On Tuesday, the most important release for investors will be the Consumer Price Index data in the United States and Germany. Analysts forecast an inflation rise by another 1.2% in the US and 2.5% in Germany on a monthly basis. ZEW Institute forecasts are also important indicators of the health of the European economy.
Main events of the day:
  • – Japan Producer Price Index (m/m) at 02:50 (GMT+3);
  • – UK Claimant Count Change (m/m) at 09:00 (GMT+3);
  • – UK Unemployment Rate (m/m) at 09:00 (GMT+3);
  • – German Consumer Price Index (m/m) at 09:00 (GMT+3);
  • – German ZEW Economic Sentiment (m/m) at 12:00 (GMT+3);
  • – Eurozone ZEW Economic Sentiment (m/m) at 12:00 (GMT+3);
  • – US Consumer Price Index (m/m) at 15:30 (GMT+3);
  • – US FOMC Member Brainard Speaks at 19:10 (GMT+3).
Wednesday, April 13
Wednesday will bring various statistics for many countries. The most important release for investors will be Interest Rate Decisions from the central banks of Canada and New Zealand. Analysts predict an increase in interest rates for RBNZ by 0.25% and 0.5% for BOC. Investors should also focus on inflation data in the UK. Analysts expect annual inflation to rise from 6.2% to 6.7%. Also, traders should not miss the US Crude Oil Inventories data, which significantly affects oil prices.
Main events of the day:
  • – New Zealand RBNZ Interest Rate Decision at 05:00 (GMT+3);
  • – New Zealand RBNZ Rate Statement at 05:00 (GMT+3);
  • – UK Consumer Price Index (m/m) at 09:00 (GMT+3);
  • – UK Producer Price Index (m/m) at 09:00 (GMT+3);
  • – Japan BOJ Gov Kuroda’s Speech at 09:15 (GMT+3);
  • – Eurozone Industrial Production (m/m) at 12:00 (GMT+3);
  • – US Producer Price Index (m/m) at 15:30 (GMT+3);
  • – Canada BoC Interest Rate Decision at 17:00 (GMT+3);
  • – Canada BoC Monetary Policy Report at 17:00 (GMT+3);
  • – US Crude Oil Reserves (w/w) at 17:30 (GMT+3);
  • – Canada BoC Press Conference at 18:00 (GMT+3).
Thursday, April 14
Eurozone ECB Interest Rate Decision will be the most important release for investors on Thursday. No surprises are expected, but volatility in currency pairs with the euro will increase. Investors should also pay attention to the weekly report on the number of jobless claims and speeches by officials of the Federal Reserve.
Main events of the day:
  • – Australia Unemployment Rate (m/m) at 04:30 (GMT+3);
  • – Switzerland Producer Price Index (m/m) at 09:30 (GMT+3);
  • – Eurozone Deposit Facility Rate at 14:45 (GMT+3);
  • – Eurozone ECB Interest Rate Decision at 14:45 (GMT+3);
  • – Eurozone ECB Press Conference at 15:30 (GMT+3);
  • – US Retail Sales (m/m) at 15:30 (GMT+3);
  • – US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
  • – US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+3);
  • – US Natural Gas Storage (w/w) at 17:30 (GMT+3);
  • – US FOMC Member Mester Speaks at 22:50 (GMT+3).
Friday, April 15
Friday will be a bank holiday in many countries (including the United States, Canada, Great Britain, Germany, France, Spain, Italy, Switzerland, Hong Kong, Singapore, Australia, and New Zealand). Financial markets will be closed in most countries, and the volatility of the forex market will be below average.
Main events of the day:
  • – US NY Empire State Manufacturing Index (m/m) at 15:30 (GMT+3);
  • – US Industrial Production (m/m) at 16:15 (GMT+3).

by JustMarkets, 2022.04.11

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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