{"id":8320,"date":"2024-04-23T06:29:39","date_gmt":"2024-04-23T06:29:39","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=8320"},"modified":"2024-04-23T06:29:40","modified_gmt":"2024-04-23T06:29:40","slug":"weekly-overview-2024-04-22","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/de\/analytics\/weekly-overview-2024-04-22\/","title":{"rendered":"Week&#8217;s main events (April 22 \u2013 April 26)"},"content":{"rendered":"\r\n<div class=\"ag-base_page ag-m-format-container\">\r\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (April 22 \u2013 April 26)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n<p class=\"ag-analytics_text\">\r\nThis week&#8217;s main events will be the Bank of Japan meeting and the PCE index data, which is considered a more critical inflation indicator for the US Fed. Economists forecast PCE inflation to remain elevated in March. Recent data indicating that progress in the fight against inflation has stalled, along with solid labor market data, geopolitical tensions in the Middle East that have driven up oil prices, and comments from Fed officials, have caused investors to abandon expectations about the timing of rate cuts. As for the Bank of Japan, analysts do not expect any changes at this meeting. But there may be surprises.\r\n\r\n  <\/p>\r\n\r\n<p class=\"ag-article_text\">\r\n  Also this week, the US will release quarterly GDP data and Australia&#8217;s March inflation report. Growth is expected to slow in the US, while inflation may surprise the RBA with an increase in Australia. And remember the earnings season. Major technology companies such as Microsoft&#160;(MSFT), Alphabet&#160;(GOOGL), Amazon&#160;(AMZN), Tesla&#160;(TSLA) and META are expected to report earnings this week.\r\n<\/p>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Monday, April&#160;22\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe People Bank of China&#160;(PBoC) will update interest rates on Monday. No changes are expected, but it could potentially cause an increase in volatility on Asian indices. In the second half of the day, investors should focus on the speech of ECB President Lagarde.\r\n  <\/div>\r\n  \r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 China PBoC Loan Prime Rate&#160;(m\/m) at&#160;04:15&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone ECB President Lagarde Speaks at&#160;18:30&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n  \r\n  \r\n\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Tuesday, April&#160;23\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Tuesday, investors will closely monitor PMI data in the Eurozone, the US, and the UK, looking for any signs of inflation returning, especially in the services sector. Rising service sector inflation will help keep rates at current levels for longer. This is positive for national currencies but negative for indices.\r\n  <\/div>\r\n\r\n   <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Manufacturing PMI&#160;(m\/m) at&#160;02:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Australia Services PMI&#160;(m\/m) at&#160;02:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan Manufacturing PMI&#160;(m\/m) at&#160;03:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan Services PMI&#160;(m\/m) at&#160;03:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Singapore Consumer Price Index&#160;(m\/m) at&#160;08:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Manufacturing PMI&#160;(m\/m) at&#160;10:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Services PMI&#160;(m\/m) at&#160;10:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Manufacturing PMI&#160;(m\/m) at&#160;11:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Services PMI&#160;(m\/m) at&#160;11:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Manufacturing PMI&#160;(m\/m) at&#160;11:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 UK Services PMI&#160;(m\/m) at&#160;11:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Building Permits&#160;(m\/m) at&#160;15:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Manufacturing PMI&#160;(m\/m) at&#160;16:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Services PMI&#160;(m\/m) at&#160;16:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 US New Home Sales&#160;(m\/m) at&#160;17:00&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Wednesday, April&#160;24\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe main event on Wednesday will be consumer price data in Australia. The data is released every quarter and will likely strongly affect the pairs with AUD. The annual inflation rate is expected to fall, but the monthly rate could surprise with an increase. Traders should also pay attention to the crude oil report. The oil market remains tight, and this data will be necessary for oil price volatility.\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 New Zealand Trade Balance&#160;(q\/q) at&#160;01:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 Australia Consumer Price Index&#160;(q\/q) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Ifo Business Climate&#160;(m\/m) at&#160;11:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Durable Goods Orders&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada Retail Sales&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Crude Oil Reserves&#160;(w\/w) at&#160;17:30&#160;(GMT+3).<\/li>\r\n\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Thursday, April&#160;25\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThursday is not expected to be an economic event at the European session, but the second half of the day will be saturated with US data. The main reports will be the US GDP and weekly labor market data. The US economy&#8217;s growth rate is expected to slow down. Traders should also pay attention to Natural Gas Storage, which significantly affects gas prices. It\u2019s a bank holiday in Australia and New Zealand.\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Eurozone GfK German Consumer Climate&#160;(w\/w) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US GDP&#160;(q\/q) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Initial Jobless Claims&#160;(w\/w) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Pending Home Sales&#160;(m\/m) at&#160;17:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Natural Gas Storage&#160;(w\/w) at&#160;17:30&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Friday, April&#160;26\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nFriday will be full of economic events in various countries. In Japan, the central bank will hold its first monetary policy meeting. The interest rate will likely remain unchanged, so that the main focus will be inflation forecasts and Ueda&#8217;s press conference. Volatility on currency pairs with the Japanese yen may increase. Friday afternoon in the US will be another critical inflation report, the PCE Price Index, considered a more favored inflation gauge for the US Fed than the CPI report. If the PCE report shows stable inflation, it will further reduce the probability of the US Fed&#8217;s rate cut in the summer and give confidence to the USD.\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan Tokyo Core CPI&#160;(m\/m) at&#160;02:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Australia Producer Price Index&#160;(q\/q) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan BoJ Monetary Policy Statement at&#160;06:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan BoJ Interest Rate Decision at&#160;06:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan BoJ Outlook Report at&#160;06:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan BoJ Press Conference at&#160;09:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland SNB Chairman Thomas Jordan speaks at&#160;11:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US PCE Price Index&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Michigan Consumer Sentiment&#160;(m\/m) at&#160;17:00&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2024.04.22<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\n          We advise you to get acquainted with the daily forecasts for the major currency pairs.\r\n        <\/a--> <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/de\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (April 22 \u2013 April 26) This week&#8217;s main events will be the Bank of Japan meeting and the PCE index data, which is considered a more critical inflation indicator for the US Fed. Economists forecast PCE inflation to remain elevated in March. Recent data indicating that progress &#8230;<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[328,332],"tags":[],"class_list":["post-8320","post","type-post","status-publish","format-standard","hentry","category-analytics","category-market-overview"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/posts\/8320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/comments?post=8320"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/posts\/8320\/revisions"}],"predecessor-version":[{"id":8326,"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/posts\/8320\/revisions\/8326"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/media?parent=8320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/categories?post=8320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/de\/wp-json\/wp\/v2\/tags?post=8320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}