This coming week Forex traders await fundamental data on the index of retail sales in the U.S., consumer prices in the UK, as well as data of current sentiment in the business environment in Germany, China's GDP figures and much more.
All times are Moscow
Monday, April 14
The first working day will begin with the publication of industrial production in the euro area. Experts predict that industrial production will grow by 0.2% in monthly terms.
During the day the attention of traders will move to the United States, there at 15:30 will be released an index of retail sales. Analysts predict an increase of 0.4% on a monthly basis.
And at the end of the day will be published the U.S. data on changes in inventories.
Tuesday, April 15
Late at night in Australia will be published a protocol from the last meeting of the Reserve Bank of Australia . There is a possibility of high market volatility during this time in trading operations with Australian dollar.
At 11:30 traders will follow the publication of consumer price indices in the UK. Rising inflation will have a positive impact on the quotes the British pound.
At 12:00 ZEW Institute will present its sentiment index and the current sentiment in the business environment in Germany.
At 15:30 the attention of traders will be focused on the publication of data on consumer price inflation in the United States.
Wednesday, April 16
At 1:45 in New Zealand will be represented consumer price indices.
At 5 am in China will be published key economic indicators such as GDP and industrial production data. Slower growth in China could lead to a correction in commodity and equity markets. In addition, under the shock can go such currencies like the Australian and Canadian dollars, as well as the Russian Rouble.
At 11:30 traders, who work with GBPUSD, will turn their attention to the publication of data from the UK labor market: on unemployment data , as well as data on changes in the number of applications for unemployment benefits. Experts predict that the unemployment rate will fall from 7.2 % to 7.1 %.
At 12:00 the focus of traders will be data on inflation in the Eurozone. Weak data on inflation can reduce the value of the EUR/USD.
At 16:00 volatility is expected in operations with the Canadian dollar. At this time, the Bank of Canada will announce its decision on the key interest rate. Experts do not expect changes there.
During the day, traders also should pay attention to the publication of data from the housing market, as well as to changes in U.S. industrial production.
Thursday, April 17
Among the most important news of Thursday we note the publication of data on inflation in Germany and Canada. Also, at 17:00 in the United States will be published index of manufacturing activity from the Philadelphia Fed. Experts predict that the index will rise from 9 to 9.8 points.
Friday, April 18
The Good Friday will be celebrated during the day so the key U.S. and European stock exchanges will be closed. The Forex market expects a quiet trading session.
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