This coming week Forex traders await data on gross domestic product (GDP) in the UK, industrial production in Japan, German consumer climate index GFK, GDP’s of France, Spain, U.S and Canada, as well as data of Change in Non-farm Payrolls in the U.S.
All times Moscow (MSK)
Monday, April 28
The first working day of the week will not be rich on economic data on the largest economies of the world. We only note the publication of retail sales in Japan, as well as data on pending sales in the U.S. housing market.
Tuesday, April 29
Traders, working with NZD, should pay attention to the balance of trade in New Zealand, the publication of which is scheduled for 1:45.
During the day, traders’ focus will be on data on gross domestic product (GDP) in the UK. It is expected high volatility for the pair GBP/USD in these times.
At 16:00 is expected to publish the cost of housing index S&P Case-Shiller, reflecting the change in the cost of housing in 20 regions throughout the United States.
And an hour later, will be presented the index of consumer confidence from the American agency Conference Board.
Wednesday, April 30
At 2:50 clients, working with Japanese yen, will turn their attention to the publication of data on industrial production in Japan.
At 04:30 there will be a chance of a burst of activity of AUD. At this time, will be presented data loans in the country’s private sector.
In the morning hours will be published a set of statistics on large economies: German consumer climate index GFK, consumer spending in France, Spain's GDP and unemployment level in Germany.
At 15:15 the attention of traders will move to the United States. Recruiting agency ADP will provide data on the number of new jobs created, which will help to give a first assessment of the state of the labor market. It is expected that in April the U.S. economy created about 178,000 new jobs.
At 15:30 will be released data on American and Canadian GDP.
At 21:00 will be known the outcome of the meeting of the Federal Reserve regarding its key interest rate, as well as the volume of foreclosures in the program of “quantitative easing” QE3. It’s expected a volatility in this time.
Thursday, May 1
Throughout Europe will be celebrated the Labor Day, so the key European markets will be closed.
At 4:00 will be published PMI index of manufacturing activity on the Chinese economy.
At 11:30 the statistical agency of Great Britain will release its index of manufacturing activity PMI.
During the day, the U.S. will be issued a number of economic indicators: costs and incomes of consumers, applications for unemployment benefits, as well as the index of ISM.
Friday, May 2
During the Asian session, traders will wait for releases of the following data: the unemployment rate in Japan, Japanese household spending, as well as the producer price index in Australia.
During the day, Germany, France and the euro area as a whole, will present indexes of manufacturing activity PMI. In addition, at 12 o'clock will be announced the coefficient of unemployment for the euro area.
A key event on Friday, of course, will be the publication of data on the number of jobs created outside agriculture (Change in Non-farm Payrolls), and the level of unemployment in the United States.
Experts predict that the U.S. economy will create 181,000 new jobs and the unemployment rate will fall from 6.7% to 6.5%
Publication of data from the U.S. labor market will lead to a surge in activity of traders around the world, and the volatility in the first few minutes will go off-scale.
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