Forex, oil, gold, and stocks on April 4-8
Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
5 important events this week will bring us!
- Rate statement by the Reserve bank of Australia (Tue, 7:30 MT (4:30 GMT time)) – Analysts anticipate a rate cut to 1%. The decision is already priced in. If the rate cut happens, the AUD will weaken. On the other hand, if the bank decides to keep the rate unchanged, the aussie may be supported.
- Canadian trade balance (Wed, 15:30 MT (12:30 GMT time)) – Higher-than-expected figures will be good for the Canadian currency.
- Australian retail sales (Thu, 4:30 MT (1:30 GMT time)) – According to the forecasts, the indicator will advance by 0.2%. If the actual level is higher, the CAD will go up.
- Canadian jobs data (Fri, 15:30 MT (12:30 GMT time)) – If the level of employment change is higher and the unemployment rate is lower than the forecasts, the loonie will rise.
- NFP (Fri, 15:30 MT (12:30 GMT time)) – Will NFP come out better than the previous release? Let's find out on Friday.
Hot news:
- During the meeting between the US president Donald Trump and Chinese President Xi Jinping, the leaders agreed to restart trade talks. The US president promised not to add more tariffs on Chinese goods.
- OPEC+ members agreed to extend oil production output cuts for 9 months.
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Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
