Daily Update - 13th April 2020
Monday
- Easter Holidays Globally
- Monday will be very quiet with the Pandemic Spreading widely and countries observing Easter holidays.
Tuesday
- Chinese Trade Balance
- Trade Balance released by the General Administration of Customs of the People’s Republic of China is a balance between exports and imports of total goods and services. As the Chinese economy has influence on the global economy, this economic indicator would have an impact on the forex market.
Wednesday
- US Retail Sales Control Group
- Canada Interest Rate Decision & Bank of Canada Monetary Policy Report
- Retail sales control group, published by US Census Bureau, represents the total industry sales that are used to prepare the estimates of PCE for most goods.
- Followed by Bank of Canada Monetary Policy Statement & Interest Rate Decision which will be vital indicators on how Canada Economy has embraced the Pandemic Situation and are their projections for months to come.
Thursday
- AUD Unemployment Rate
- Germany Harmonized Index of Consumer Prices
- US Initial Jobless Claims
- AUD Unemployment Rate release by the Australian Bureau of Statistics is the number of unemployed workers divided by the total civilian labor force. If the rate hikes, indicates a lack of expansion within the Australian labor market. As a result, a rise leads to weaken the Australian economy.
- Germany Harmonized Index of Consumer Prices is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.
- Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market.
Friday
- Euro Zone IMF Meeting
- China Gross Domestic Product
- Euro Consumer Price Index
- IMF (International Monetary Fund) meeting is the meeting of its member countries to discuss stabilizing international exchange rates and facilitating development. The event may have an impact on exchange rates and the balance of payments.
- Chinese Gross Domestic Product (GDP) released by the National Bureau of Statistics of China studies the gross value of all goods and services produced by China. The indicator presents the pace at which the Chinese economy is growing or decreasing.
- Euro core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The core CPI is a key indicator to measure inflation and changes in purchasing trends.
