Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of April 29 - May 3:
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:
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.
As a result, the stock market keeps showing a lack of upward momentum.
The Federal Reserve will have another monetary-policy meeting in the coming week. According to Trading Central'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.
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:
Monday (April 29)
JP Market is Closed for Showa Day holiday
DE Inflation Rate (APR) to rebound to 2.3% YoY
US Dallas Fed Manufacturing Index (APR) may improve to -11
Tuesday (April 30)
JP Unemployment Rate (MAR) to drop to 2.4%
JP Retail Sales (MAR) +0.3% MoM
JP Industrial Production (MAR) +2.8% MoM
AU Retail Sales (MAR) +0.3% MoM
CN Official Manufacturing PMI (APR) to dip to 50.7
CN Official Non Manufacturing PMI (APR) to dip to 52.8
CN Caixin Manufacturing PMI (APR) to dip to 51.0
FR GDP Growth (1Q) to rebound to 1.2% YoY
FR Inflation Rate (APR) to ease to 2.2% YoY
DE Retail Sales (MAR) +0.7%MoM
DE Unemployment Rate (APR) to hold at 5.9%
DE GDP Growth (1Q) to rise to 0.1% YoY
EA Inflation Rate (APR) to hold at 2.4% YoY
EA GDP Growth (1Q) to hold at 0.1% YoY
CA GDP Growth (FEB) may ease to 0.4% MoM
US Chicago PMI (APR) may rise to 44
US Conference Board Consumer Confidence Index (APR) to ease to 104
Wednesday (May 1)
CN Market Closed for Labor Day holiday
HK Market Closed for Labor Day holiday
NZ Unemployment Rate (1Q) to climb to 4.3%
DE Market Closed for Labor Day holiday
FR Market Closed for Labor Day holiday
US ADP Employment Change (APR) +162,000
US ISM Manufacturing PMI (APR) may dip to 49.9
US Federal Reserve expected to Key Interest Rate unchanged
Thursday (May 2)
CN Market Closed for Labor Day holiday
AU Trade Surplus (MAR) may increase to A$7.5B
US Initial Jobless Claims expected to be stable at 207,000
US Factory Order (MAR) +1.8% MoM
CA Trade Surplus (MAR) to be stable at C$1.3 billion
Friday (May 3)
JP Market Closed for Constitution Memorial Day holiday
CN Market Closed for Labor Day holiday
FR Industrial Production (MAR) +0.7% MoM
EA Unemployment Rate (MAR) to stay at 6.5%
US Non Farm Payrolls Addition (APR) expected to slow to 190,000
US Unemployment Rate (APR) to stay at 3.8%
US ISM Services PMI (APR) may tick up to 51.8
Happy Trading!
Source: Trading Central Economic Insight
