The Week Ahead – Central Bank Chatter, Private Sector PMIs, and Russia in Focus

div classBodysc17zpet90 cdBBJodivh2 idonthemacrostrongOn the Macrostrongh2

pIts a busy week ahead on the a hrefhttps:www.fxempire.comtoolseconomiccalendareconomic calendara, with 57 stats due out through the week ending 22April. In the week prior, 59 stats were in focus.p

h3 idforthedollarFor the Dollar:h3

pThe markets will need to wait until Thursday for the key stats.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pJobless claims and Philly FED Manufacturing numbers will draw interest on Thursday ahead of private sector PMIs on Friday.p

pExpect the jobless claims and services PMI to have the most influence on the markets.p

pOn Thursday, Fed Chair Powell is due to speak. Expect any chatter on the economy and monetary policy to provide direction.p

pIn the week ending April15, the Dollar Spot Index rose by 0.71 to 100.500.p

h3 idfortheeurstrongFor the EURstrong:h3

pEurozone industrial production and trade data, together with German wholesale inflation, will be in focus on Wednesday.p

pOn Thursday, finalized Eurozone inflation and flash consumer confidence figures will also draw interest.p

pAt the end of the week, prelim April private sector PMIs for France, Germany, and the Eurozone will be the key stats. While the headline numbers will influence, expect inflation, new orders, and supply chain updates to draw plenty of attention.p

pAt the end of the week, ECB President Lagarde is due to speak.p

pFor the week, the a hrefhttps:www.fxempire.comcurrencieseurusdEURa fell by 0.62 to 1.0810.p

h3 idforthepoundFor the Pound:h3

pRetail sales and private sector PMIs, due out on Friday, will be the key stats of the week.p

pExpect the retail sales and services sector PMI to have the most influence.p

pOn Friday, BoE Gov. Bailey is due to speak, with any monetary policy chatter to influence the Pound.p

pThe a hrefhttps:www.fxempire.comcurrenciesgbpusdPounda rose by 0.27 to end the week at 1.3060.p

h3 idfortheloonieFor the Loonie:h3

pOn Wednesday, inflation figures will draw plenty of interest, with a further pickup in inflationary pressures supporting another BoC rate hike.p

pOn Friday, retail sales will also influence.p

pThe a hrefhttps:www.fxempire.comcurrenciesusdcadLooniea ended the week down 0.30 to C1.2610 against the U.S Dollar.p

divdivdiv classBodysc17zpet90 cdBBJodivh2 idfromtheasiapacificFrom the Asia Pacifich2

h3 idfortheaussiedollarFor the Aussie Dollar:h3

pThere are no material stats due from Australia for the markets to consider.p

pWhile there are no stats, the RBA meeting minutes will influence. The minutes are due on Tuesday.p

pThe a hrefhttps:www.fxempire.comcurrenciesaudusdAussie Dollara declined by 0.84 to 0.7395.p

h3 idforthekiwidollarFor the Kiwi Dollar:h3

pIts also a quiet week, with economic data limited to Q1 inflation figures due on Thursday.p

pExpect interest in the numbers, with little else for the markets to consider.p

pFrom China, Q1 GDP numbers will also influence on Monday.p

pThe a hrefhttps:www.fxempire.comcurrenciesnzdusdKiwi Dollara ended the week down 1.24 to 0.6764.p

h3 idforthejapaneseyenFor the Japanese Yen:h3

pIndustrial production will draw attention on Tuesday ahead of trade data on Wednesday.p

pWhile the numbers will draw interest, we dont expect the figures to influence the Yen.p

pOn Friday, inflation and private sector PMIs will also draw interest.p

pThe a hrefhttps:www.fxempire.comcurrenciesusdjpyJapanese Yena slumped by 1.71 to end the week at ¥126.46 against the U.S Dollar.p

h3 idoutofchinaOut of Chinah3

pQ1 GDP numbers are due out on Monday, along with industrial production and fixed asset investments.p

pExpect the GDP numbers to be the key stat of the week.p

pOn Wednesday, the PBoC is also in action, with the markets expecting the PBoC to leave loan prime rates unchanged.p

pIn the week ending April 15, the Yuan slipped by 0.10 to end the week at 6.3715 against the Dollar.p

h2 idgeopoliticsGeoPoliticsh2

pRussia and Ukraine will remain the area of focus in the week ahead.p

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