{"id":8399,"date":"2024-04-29T06:24:17","date_gmt":"2024-04-29T06:24:17","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=8399"},"modified":"2024-04-29T06:24:18","modified_gmt":"2024-04-29T06:24:18","slug":"weekly-overview-2024-04-29","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/pl\/analytics\/weekly-overview-2024-04-29\/","title":{"rendered":"Week&#8217;s main events (April 29 \u2013 May 03)"},"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 29 \u2013 May 03)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n  <p class=\"ag-analytics_text\">\r\nThis week promises to be volatile due to a lot of important events. The US Nonfarm Payrolls is the week&#8217;s main event, as it is one of the most significant parameters for the Fed&#8217;s monetary policy decision. Economists believe the US employment report remains robust in April, but there could be surprises on the downside. Traders should pay special attention to the Fed interest rate decision and the FOMC Statement. Investors will be waiting for indications that the Fed still expects to cut interest rates at some point this year. Also, this week, the Norges Bank will make monetary policy decisions. Investors should also closely monitor the inflation data for the Eurozone and Switzerland. Inflation in the EU area is expected to remain flat, while in Switzerland, consumer prices are expected to decline further. \r\n\r\n  <\/p>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Monday, April&#160;29\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Monday, investors&#8217; primary focus will be on German inflation data. Inflation is expected to fall to&#160;2.2%, a dovish sign for ECB policy. It&#8217;s a bank holiday in Japan.\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 German Consumer Price Index&#160;(m\/m) at&#160;15:00&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n  \r\n  <div class=\"ag-analytics_title\">\r\n    Tuesday, April&#160;30\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe main report on Tuesday will be the Eurozone consumer price index data. Inflation is expected to remain at approximately the same level, but there may be surprises in both upward and downward directions. Also, investors should focus on the GDP data for the Eurozone and Canada. As a rule, GDP growth above expectations is accompanied by strengthening the national currency and vice versa. Market watchers will also be watching China&#8217;s April manufacturing data for signs that the long-awaited recovery of the world&#8217;s second-largest economy is gaining momentum. This indicator has a strong influence on Asian 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 Japan Unemployment Rate&#160;(m\/m) at&#160;02:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Japan Industrial Production&#160;(m\/m) at&#160;02:50&#160;(GMT+3);<\/li>\r\n<li>\u2013 Australia Retail Sales&#160;(m\/m) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 China Manufacturing PMI&#160;(m\/m) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 China Non-Manufacturing PMI&#160;(m\/m) at&#160;04:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 China Caixin Manufacturing PMI&#160;(m\/m) at&#160;10:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Retail Sales&#160;(m\/m) at&#160;09:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland KOF Leading Indicators&#160;(m\/m) at&#160;10:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 German Unemployment Rate&#160;(m\/m) at&#160;10:55&#160;(GMT+3);<\/li>\r\n<li>\u2013 German GDP&#160;(m\/m) at&#160;11:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone Consumer Price Index&#160;(m\/m) at&#160;12:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Eurozone GDP&#160;(q\/q) at&#160;12:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada GDP&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Chicago PMI&#160;(m\/m) at&#160;16:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 US CB Consumer Confidence&#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, May&#160;01\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nEven though May 1 will be a bank holiday in many countries&#160;(Eurozone, Norway, Switzerland, China, Hong Kong, Singapore, India, and the United Kingdom), Wednesday will still be busy regarding economic events. Particular attention should be paid to the US Federal Reserve&#8217;s monetary policy meeting. It is expected that rates will not change at the current meeting, so investors will wait for the FOMC conference to hear further plans and prospects for the first rate cut. It is also worth paying attention to New Zealand&#8217;s unemployment data and US JOLTs job openings data, which will hint at what kind of Nonfarm report to expect on Friday. The US Crude Oil Reserves data, which significantly impacts oil prices, should also focus.\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 RBNZ Financial Stability Report at&#160;00:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 New Zealand Unemployment Rate&#160;(m\/m) at&#160;01:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 New Zealand RBNZ Gov Orr Speaks at&#160;04:00&#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 US ADP Nonfarm Employment Change&#160;(m\/m) at&#160;15:15&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada Manufacturing PMI&#160;(m\/m) at&#160;16:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US ISM Manufacturing PMI&#160;(m\/m) at&#160;17:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US JOLTs Job Openings&#160;(m\/m) at&#160;17:00&#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<li>\u2013 US FOMC Statement at&#160;21:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Fed Interest Rate Decision at&#160;21:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US FOMC Press Conference at&#160;21:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada BoC Gov Macklem Speaks at&#160;23:15&#160;(GMT+3).<\/li>\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Thursday, May&#160;02\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nOn Thursday, traders will mainly focus on the inflation data in Switzerland. According to preliminary data, inflation in the country will fall to&#160;1%, allowing the Swiss Bank&#160;(SNB) to cut rates further at the next meeting. This may temporarily negatively impact the Swiss franc&#160;(CHF). Also, on Thursday, traders should analyze the trade balance data, which indirectly affects the exchange rate but may cause a sharp spike in volatility. It&#8217;s a bank holiday in Japan. It&#8217;s a bank holiday in China.\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 Japan Monetary Policy Meeting Minutes at&#160;02:50&#160;(GMT+3);<\/li>\r\n<li>\u2013 Australia Trade Balance&#160;(m\/m) at&#160;04:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland Consumer Price Index&#160;(m\/m) at&#160;09:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Switzerland Retail Sales&#160;(m\/m) at&#160;09:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Germany Manufacturing PMI&#160;(m\/m) at&#160;10:55&#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 US Initial Jobless Claims&#160;(w\/w) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Trade Balance&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada Trade Balance&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 Canada BoC Gov Macklem Speaks at&#160;15:45&#160;(GMT+3);<\/li>\r\n<li>\u2013 US 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, May&#160;03\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe most critical Friday release is Nonfarm Payrolls. This data can trigger increased volatility in the market, and the Fed also considers this indicator to adjust monetary policy. A strong labor market is needed for the Fed to keep rates at current levels longer. Therefore, weak data is likely to cause the dollar to sell off. Traders should also closely monitor the Norges Bank Interest Rate Decisions. The rate is expected to remain at&#160;4.5%, and the vital question remains when the NB will talk about lowering rates. Volatility on currency pairs with NOK will be elevated.\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 Norwegian NB Interest Rate Decision at&#160;11:00&#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 Eurozone Unemployment Rate&#160;(m\/m) at&#160;12:00&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Nonfarm Payrolls&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US Unemployment Rate&#160;(m\/m) at&#160;15:30&#160;(GMT+3);<\/li>\r\n<li>\u2013 US ISM Services PMI&#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\">2024.04.29<\/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\/pl\/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 29 \u2013 May 03) This week promises to be volatile due to a lot of important events. The US Nonfarm Payrolls is the week&#8217;s main event, as it is one of the most significant parameters for the Fed&#8217;s monetary policy decision. Economists believe the US employment &#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":[193,330],"tags":[],"class_list":["post-8399","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\/pl\/wp-json\/wp\/v2\/posts\/8399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/comments?post=8399"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts\/8399\/revisions"}],"predecessor-version":[{"id":8406,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/posts\/8399\/revisions\/8406"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/media?parent=8399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/categories?post=8399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/pl\/wp-json\/wp\/v2\/tags?post=8399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}