Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Economic Calendar | April 24 – 28


April, 24 2023
watermark Economic news

Monday, April 24


As it often happens, the beginning of the week is accompanied by an absolutely empty macroeconomic calendar. Attention can only be attracted by the data on the German business climate index from the Ifo in April. So the market will be relatively calm.


Tuesday, April 25


The growth of activity in the market will begin only on Tuesday – against the background of publications from the United States. First of all, you should pay attention to the consumer confidence index, as well as statistics on the real estate market in the States. Analysts expect a slowdown in house price growth and a decline in new home sales, which may lead to a slight weakening of the dollar. 


Wednesday, April 26


Wednesday will begin with the publication of inflation data in Australia. According to forecasts, the growth rate of consumer prices in the country should slow down from 7.8% to 6.8%. And the slowdown in inflation, combined with the decision of the Reserve Bank of Australia to leave the refinancing rate unchanged, clearly indicates an upcoming reduction in interest rates. Which is likely to lead to a weakening of the Australian dollar. 


Then, orders for durable goods in the United States will be of interest. It is predicted that they should grow by 0.6%. And since we are talking about a leading indicator for retail sales, which are the main indicator of the state of consumer activity, which, in turn, is the engine of economic growth, we can expect an upsurge in optimism about the US dollar.


Thursday, April 27


The main event not only on Thursday, but throughout the week will be the publication of the first estimate of the GDP of the United States for the first quarter. Analysts expect it to show a further slowdown in economic growth. Therefore, on Thursday, the US dollar will almost certainly actively lose its positions.


In addition, you should pay attention to the number of initial applications for unemployment benefits in the United States.


Friday, April 28


The end of the week will be quite rich in macroeconomic publications. Friday will begin with data on the labor market in Japan, where the unemployment rate should fall from 2.6% to 2.5%. However, the Japanese labor market is quite specific, and the data on it does not particularly affect investor sentiment. But then retail sales statistics will be published. And here everything is much more interesting: their growth rates should slow down from 6.6% to 2.4%, which is a fairly significant drop in consumer demand. 


Thus, it can be concluded that the yen is highly likely to lose value confidently. Moreover, three hours after that, the Bank of Japan will announce its decision on the refinancing rate. Market participants are confident that it will remain unchanged at a negative level of -0.1%, which will further undermine the yen's position. 


Well, the main event on Friday will be the publication of the first estimate of eurozone GDP for the first quarter. It is expected that it will show an almost twofold slowdown in economic growth, which will put serious pressure on the euro. You should also pay attention to the data on GDP and inflation in Germany.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.