Week’s main events (April 21 – April 25)

This week is expected to be flat regarding economic news, but geopolitics and tariff uncertainty could still bring surprises. Stock indices could be volatile due to quarterly earnings reports from major technology companies. On the economic front, flash PMIs in the US, Eurozone, and Japan will show the initial impact of tariff threats. In the US, orders for durable goods will also be tracked. Investors will evaluate inflation data in Mexico, while Canada and the UK are expected to release retail sales data.

Monday, April 21

The People’s Bank of China (PBoC) will update interest rates on Monday. No changes are expected, but it could potentially cause an increase in volatility on Asian indices.

Main events of the day:

– China PBoC Loan Prime Rate (m/m) at 04:15 (GMT+3).

Tuesday, April 22

On Tuesday, traders will be assessing New Zealand’s trade balance data. This data is published once a quarter (as opposed to once a month in other countries) and may cause volatility in currency pairs with NZD. Canada is expecting data on producer inflation. This is a leading indicator of consumer inflation. The strengthening of the national currency usually accompanies the growth of the indicator.

Main events of the day:

– New Zealand Trade Balance (q/q) at 01:45 (GMT+3);
– Canada Producer Price Index (m/m) at 15:30 (GMT+3);
– Eurozone ECB President Lagarde Speaks at 17:00 (GMT+3);
– US Richmond Manufacturing Index (m/m) at 17:00 (GMT+3).

Wednesday, April 23

On Wednesday, investors will keep a close eye on PMI data in the Eurozone, the US, and the UK, looking for any signs of contraction, especially in the services sector. Falling PMI indicators typically hurt the national currency. Traders should also pay attention to the crude oil report. The oil market remains tight, so this data will be important for price volatility with oil.

Main events of the day:

– Australia Manufacturing PMI (m/m) at 02:00 (GMT+3);
– Australia Services PMI (m/m) at 02:00 (GMT+3);
– Japan Manufacturing PMI (m/m) at 03:30 (GMT+3);
– Japan Services PMI (m/m) at 03:30 (GMT+3);
– Singapore Consumer Price Index (m/m) at 08:00 (GMT+3);
– German Manufacturing PMI (m/m) at 10:30 (GMT+3);
– German Services PMI (m/m) at 10:30 (GMT+3);
– Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
– Eurozone Services PMI (m/m) at 11:00 (GMT+3);
– UK Manufacturing PMI (m/m) at 11:30 (GMT+3);
– UK Services PMI (m/m) at 11:30 (GMT+3);
– Eurozone Trade Balance (m/m) at 12:00 (GMT+3);
– US Manufacturing PMI (m/m) at 16:45 (GMT+3);
– US Services PMI (m/m) at 16:45 (GMT+3);
– US New Home Sales (m/m) at 17:00 (GMT+3);
– US Crude Oil Reserves (w/w) at 17:30 (GMT+3);
– UK BOE Gov Bailey Speaks at 19:30 (GMT+3).

Thursday, April 24

Thursday’s main report will be Mexico’s inflation data. Inflationary pressures are expected to continue declining, which may negatively impact the Mexican peso. The US will release a report on durable goods orders, which will help economists adjust first-quarter GDP forecasts. Traders should also pay attention to Natural Gas Storage, which significantly affects gas prices. It’s a bank holiday in New Zealand.

Main events of the day:

– German IFO Business Climate (m/m) at 11:00 (GMT+3);
– Mexican Inflation Rate (m/m) at 15:00 (GMT+3);
– US Durable Goods Orders (m/m) at 15:30 (GMT+3);
– US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
– US Existing Home Sales (m/m) at 17:00 (GMT+3);
– Natural Gas Storage (w/w) at 17:30 (GMT+3).

Friday, April 25

On Friday, traders should pay attention to Tokyo’s inflation report and retail sales data in Canada and the UK. A rise in inflation in the Japanese capital may cause a sharp buying of the yen, increasing the probability of an interest rate hike at the next meeting. Retail sales data is expected to be weak, so the Canadian dollar and pound sterling may be under pressure. It’s a bank holiday in Australia.

Main events of the day:

– Japan Tokyo Core CPI (m/m) at 02:30 (GMT+3);
– UK Retail Sales (m/m) at 09:00 (GMT+3);
– Switzerland SNB Chairman Schlegel speaks at 11:00 (GMT+3);
– Canada Retail Sales (m/m) at 15:30 (GMT+3);
– US Michigan Consumer Sentiment (m/m) at 17:00 (GMT+3).

by JustMarkets, 2025.04.21

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