TC Economic Insight - The Week Ahead (Apr 29 - May 3)

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Using Multi-Stock Trading LLC's "Economic Insight" investors can check out up-coming major economic data.

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We are looking into the trading week of April 29 - May 3:

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We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

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We can select which economies to focus on:

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U.S. inflation rates remain firm (“sticky”) as the labor market stays tight, leading investors not to expect the Federal Reserve to cut interest rates very soon.

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As a result, the stock market keeps showing a lack of upward momentum.

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The Federal Reserve will have another monetary-policy meeting in the coming week. According to Multi-Stock Trading LLC's "Economic Insight", the central bank will announce on Wednesday (May 1) its decision on keeping key interest rates unchanged. Investors should be watching closely if Fed Chair Jerome Powell would give any clue on interest- rate cuts. 

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In the past 8 U.S. Federal Reserve Interest Rates Decisions, EUR/USD rose in 63% of times (5 out of 8 events) within one hour from the report’s release, marking a trading range of 52.12 pips on average.

Key Economic Data Forecasts:

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Monday (April 29)

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JP Market is Closed for Showa Day holiday

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DE Inflation Rate (APR) to rebound to 2.3% YoY

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US Dallas Fed Manufacturing Index (APR) may improve to -11

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Tuesday (April 30)

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JP Unemployment Rate (MAR) to drop to 2.4%

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JP Retail Sales (MAR) +0.3% MoM

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JP Industrial Production (MAR) +2.8% MoM

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AU Retail Sales (MAR) +0.3% MoM

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CN Official Manufacturing PMI (APR) to dip to 50.7

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CN Official Non Manufacturing PMI (APR) to dip to 52.8

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CN Caixin Manufacturing PMI (APR) to dip to 51.0

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FR GDP Growth (1Q) to rebound to 1.2% YoY 

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FR Inflation Rate (APR) to ease to 2.2% YoY

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DE Retail Sales (MAR) +0.7%MoM 

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DE Unemployment Rate (APR) to hold at 5.9%

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DE GDP Growth (1Q) to rise to 0.1% YoY

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EA Inflation Rate (APR) to hold at 2.4% YoY 

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EA GDP Growth (1Q) to hold at 0.1% YoY

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CA GDP Growth (FEB) may ease to 0.4% MoM

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US Chicago PMI (APR) may rise to 44

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US Conference Board Consumer Confidence Index (APR) to ease to 104

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Wednesday (May 1)

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CN Market Closed for Labor Day holiday

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HK Market Closed for Labor Day holiday

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NZ Unemployment Rate (1Q) to climb to 4.3%

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DE Market Closed for Labor Day holiday

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FR Market Closed for Labor Day holiday 

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US ADP Employment Change (APR) +162,000

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US ISM Manufacturing PMI (APR) may dip to 49.9

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US Federal Reserve expected to Key Interest Rate unchanged

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Thursday (May 2)

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CN Market Closed for Labor Day holiday

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AU Trade Surplus (MAR) may increase to A$7.5B

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US Initial Jobless Claims expected to be stable at 207,000

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US Factory Order (MAR) +1.8% MoM

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CA Trade Surplus (MAR) to be stable at C$1.3 billion

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Friday (May 3)

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JP Market Closed for Constitution Memorial Day holiday

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CN Market Closed for Labor Day holiday

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FR Industrial Production (MAR) +0.7% MoM

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EA Unemployment Rate (MAR) to stay at 6.5%

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US Non Farm Payrolls Addition (APR) expected to slow to 190,000

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US Unemployment Rate (APR) to stay at 3.8%

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US ISM Services PMI (APR) may tick up to 51.8

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Happy Trading!

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Source: Multi-Stock Trading LLC Economic Insight

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