The markets are once again open – and with it a new week of
macroeconomic data and events. This week seem to be an active one with news
affecting most all major currencies including – JPY, EUR, USD and GBP.
Although the week starts out relatively quiet Let’s take a
look at the most significant events coming up this week.
Wednesday – April 10th
- JPY
Japan’s Central Bank’s Governor’s Speech @ 6.15
a.m. GMT - EUR
Europe’s Central Bank’s Interest Rate Decision @ 11.45 a.m. GMT - USD Consumer
Price Index (both YoY and MoM) @ 12.30
p.m. GMT - EUR The
ECB will announce its Monetary Policy Statement during a Press Conference @ 12.30 p.m. GMT - GBP Brexit
European Council Summit @16.00 p.m GMT - USD FOMC
Minutes released @ 18.00 p.m. GMT
Thursday – April 11th
- CNY
March’s Consumer Price Index (YoY) @ 01.30
a.m. GMT - EUR Germany’s
Harmonized Index of Consumer Price for March (YoY)
Friday – April 12th
- Potential
Global Affect – Unless another extension or agreement is reached Friday is
the official Brexit deadline (that was pushed to this date from the original
cutoff of March 29th deadline). Of course, Donald Tusk (European
Council President) also proposed the idea of a 12 month extension – while
remaining in the EU but the exit could happen at any point before the 1 year
deadline. This is very likely to
create further uncertainty if the ‘flextension’ is opted into by the UK
Government. To be fair it has the word tension
right in the name.
Other Things to Look For
We still have ongoing trade
tension between the U.S. and China – although there is an optimism as talks
have been ongoing. The U.S. seems dead set on creating even more tensions – by
continuing and extending sanctions on OPEC members – Iran and Venezuela. This
is while crude has reached the nosebleed high of $70.76 (BRENT) and $63.48
(WTI) as a result of OPEC production cuts. To top everything off Saudi Arabia
has threatened to sell OIL in other currencies other than the dollar if the
U.S. goes ahead with what the Trump administration is calling “NOPEC”. This is
essentially an Anti-OPEC or a conglomerate of OIL producing countries that are
not included in the OPEC organization. Most analysts believe that both
scenarios are unlikely, but it might still have an impact on market sentiment.
The post The Week’s Most Important Events appeared first on Forex.Info.