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As the U.S. inflation rate is not cooling as fast as expected, investors do not expect the U.S. Federal Reserve to cut interest rates very soon. This has led to pressure seen in the stock markets recently. Another set of closely-watched inflation data will come out next week.
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 22 - 26:
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:
As the U.S. inflation rate is not cooling as fast as expected, investors do not expect the U.S. Federal Reserve to cut interest rates very soon.
This has led to pressure seen in the stock markets recently. Investors need encouragement given by a slower inflation rate.
Another set of closely-watched inflation data will come out next week. According to Multi-Stock Trading LLC's "Economic Insight", U.S. Core Personal Consumption Expentiture (PCE) Price Inflation may slow to 2.7% on year in March from 2.8% in February.
In the past 12 U.S. Core PCE Price Index Reports, EUR/USD rose in 50% of times (6 out of 12 events) within one hour from the report’s release, marking a trading range of 29.90 pips on average.
Key Economic Data Forecasts:
Monday (April 22)
CA Producer Price Index (MAR) -1.3% YoY
Tuesday (April 23)
DE HCOB Manufacturing PMI (APR) may rise to 42.9
GB S&P Global Manufacturing PMI (APR) may tick up to 50.5
US S&P Global Manufacturing PMI (APR) expected at52.0
US New Home Sales (MAR) +2.7% MoM
US Richmond Fed Manufacturing Index (APR) may improve to -8
Wednesday (April 24)
AU Inflation Rate (Q1) to slow to 3.4% YoY
DE Ifo Business Climate (APR) expected at 88.9
US Durable Goods Orders (MAR) +0.8% MoM
CA Retail Sales (FEB) +0.1% MoM
Thursday (April 25)
NZ Market Closed For ANZAC Day Holiday
AU Market Closed For ANZAC Day Holiday
DE GfK Consumer Confidence Index (MAY) expected at -26.6
FR Business Confidence Index (APR) may remain at 102
US GDP Growth Rate (Q1) +2.3% QoQ
US Initial Jobless Claims (APR/20) may tick up to 213,000
Friday (April 26)
AU Producer Prices Index (Q1) expected to slow to 2.6% YoY
JP Tokyo Core Inflation Rate (APR) may ease to 2.3% YoY
JP Bank of Japan expected to keep key rate unchanged at 0.000%
US Core PCE Price Inflation (MAR) may slow to 2.7% YoY
US Personal Spending (MAR) +0.3% MoM
US Personal Income (MAR) +0.4% MoM
Happy Trading!
Source: Multi-Stock Trading LLC Economic Insight