20th April to 24th April 2020
China will release their Bank of China Loan Prime Rate which will be a key indicator on the current economic trends of China and their lending capacity after the lock down. GBP and EUR could show some swings on the short runs as the data might back them. AS EUR and GBP had closed bullish on the Friday’s session this early reports could maintain the momentum if the data expected shows positive momentum. Day will be moderate as economic data coming from British and Canadian regions shows the consumer price index. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. Busy day for forex market as the day will be full of major economic data coming from Britain, Euro Zone and USA. First up will be Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending which accounts for the majority of overall economic activity, also followed by data such as Composite PMI, Manufacturing PMI, Services PMI. Data coming from Britain ending a busy week for the region starting the day with the Retail Sales which measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. Monday
Australia will release their Reserve Bank of Australia Meeting Minutes which will be closed cued in by Investors to get a clear indication on their current economic trends.
Tuesday
The day will be ending with the data coming from the USA on the existing home sales showing the strength of the US housing market, which can be considered as the economy as a whole, as the housing market is sensitive to the business cycle.
Wednesday
Thursday
This also will be followed by German Manufacturing Purchasing Managers Index measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance. Day will end with New Home Sales data from US which is a measure of the information related the US Housing Market.
Friday
Next up will be The German IFO Business Climate Index which rates the current German business climate and measures expectations for the next six months. It is a composite index based on a survey of manufacturers, builders, wholesalers and retailers.
This will be followed by Core Durable Goods Orders measures from the USA which indicates the change in the total value of new orders for long lasting manufactured goods, excluding transportation items. Because aircraft orders are very volatile, the core number gives a better gauge of ordering trends. A higher reading indicates increased manufacturing activity.
