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Market participants should then closely watch China’s gross domestic product (GDP) data due Tuesday (April 16), seeking clues if China would further boost liquidity to support markets.
Using Multi-Stock Trading LLC's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of April 15 - 19:
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:
China's exports slumped 7.5% on year in March with imports unexpectedly shrinking 1.9%.
It is a setback for the country, which keeps implementing favorable policies with an aim to gear up an economic recovery.
Market participants should then closely watch China’s gross domestic product (GDP) data due Tuesday (April 16), seeking clues if China would further boost liquidity to support markets.
According to Multi-Stock Trading LLC's "Economic Insight", China’s GDP Growth may slow to 5.0% on year in the first quarter from 5.2% in the prior quarter.
In the past four China GDP Growth Reports,USD/CNH rose in 75% of times (3 out of 4 events) within one hour from the report’s release, marking a trading range of 151.45 pips on average.
Key Economic Data Forecasts:
Monday (April 15)
JP Machinery Orders (FEB) -0.2% MoM
EA Industrial Production (FEB) +1.1% MoM
US NY Empire State Manufacturing Index (APR) may improve to -10.0
US Retail Sales (MAR) +0.4% MoM
Tuesday (April 16)
CN GDP Growth (Q1) expected to slow to 5.0% YoY
CN Industrial Production (MAR) +5.3% YoY
CN Retail Sales (MAR) +3.4% YoY
DE ZEW Economic Sentiment Index (APR) to rise to 32
GB Unemployment Rate (FEB) to rise to 4%
US Building Permits (MAR) -0.7% MoM
US Housing Starts (MAR) -0.8% MoM
US Industrial Production (MAR) +0.2% MoM
CA Inflation Rate (MAR) may dip to 2.7% YoY
Wednesday (April 17)
NZ Inflation Rate (Q1) expected to slow to 4.3% YoY
JP Trade Deficit (MAR) may narrow to 280 billion yen
GB Inflation Rate (MAR) to slow to 3.1% YoY
Thursday (April 18)
AU Unemployment Rate (MAR) to climb to 4.0%
AU Employment (MAR) may decrease 70,000
US Philadelphia Fed Manufacturing Index (APR) may rise to 3.8
US Initial Jobless Claims (APR/13) may tick up to 212,000
US Existing Home Sales (MAR) -2.2% MoM
US Conference Board Leading Index (MAR) +0.1% MoM
Friday (April 19)
JP Inflation Rate (MAR) expected to remain stable at 2.8% YoY
JP Core Inflation Rate (MAR) may rise to 0.1% MoM
GB Retail Sales (MAR) +0.2% MoM
DE Producer Prices (MAR) -4.2% YoY
Happy Trading!
Source: Multi-Stock Trading LLC Economic Insight