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Market Opportunities : Week 15-04-2024 - 19-04-2024
USDCNH: China’s Industrial Production report for March is an important event for forex markets due April 16. The performance of China’s economy is an important indicator of the shape of global economy: China supplies manufactured goods to most countries of the world. The Chinese economy is struggling to overcome deflationary pressures as indicated by declining producer prices. There is a possibility the Industrial Production report may show stronger performance than expected which will be bearish for USDCNH.
GBPUSD: UK inflation report for March is an important event for the UK currency due March 17. There is a possibility the British inflation slows more after decelerating from previous month’s reading of 4.0% which will be bearish for GBPUSD pair.
GBPUSD: UK inflation report for March is an important event for the UK currency due March 17. There is a possibility the British inflation slows more after decelerating from previous month’s reading of 4.0% which will be bearish for GBPUSD pair.
Key Events to Watch
Swipe table
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2024-04-15 | USD | United States Retail Sales m/m | 0.2% | 0.6% |
| 2024-04-16 | CNY | China Gross Domestic Product (GDP) q/q | 1.3% | 1.0% |
| 2024-04-16 | GBP | United Kingdom Claimant Count Change | 9.7 K | 16.8 K |
| 2024-04-16 | USD | United States Building Permits | 1.494 M | 1.518 M |
| 2024-04-16 | GBP | Bank of England (BoE) Governor Bailey Speech | ||
| 2024-04-17 | EUR | European Union Leaders Summit | ||
| 2024-04-17 | USD | EIA United States Crude Oil Stocks Change | ||
| 2024-04-17 | GBP | Bank of England (BoE) Governor Bailey Speech | ||
| 2024-04-18 | EUR | European Union Leaders Summit | ||
| 2024-04-18 | AUD | Australia Employment Change | 23.0 K | 116.5 K |
| 2024-04-18 | USD | United States Existing Home Sales | 4.18 M | 4.38 M |
| 2024-04-19 | GBP | United Kingdom Retail Sales m/m | 0.3% | 0.0% |
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