Sunday, April 20th
- All Day NZD Bank Holiday
- All Day AUD Bank Holiday
Monday, April 21st
- 12:50am JPY Trade Balance -1.71T versus -1.27T expected. The currency fell.
- All Day CHF Bank Holiday
- All Day EUR German Bank Holiday
- All Day EUR Italian Bank Holiday
- All Day EUR French Bank Holiday
- All Day GBP Bank Holiday
Tuesday, April 22nd
- 1:00am AUD CB Leading Index 0.3% versus 0.2% expected. The currency rose.
- 1:30pm CAD Wholesale Sales 1.1% versus 0.7% expected. The currency rose.
- 3:00pm USD Existing Home Sales 4.59% versus 4.57M expected. The currency fell.
Wednesday, April 23rd
- 2:30am AUD CPI 0.6% versus 0.8% expected. The currency fell.
- 2:30am AUD Trimmed Mean CPI 0.5% versus 0.7% expected. The currency fell.
- 2:45am CNY HSBC Flash Manufacturing PMI 48.3 versus 48.4 expected.
- 8:00am EUR French Flash Manufacturing PMI 50.9 versus 51.9 expected. The currency rose.
- 8:00am EUR French Flash Services PMI 50.3 versus 51.5 expected. The currency rose.
- 8:30am EUR German Flash Manufacturing PMI 54.2 versus 53.9 expected. The currency rose.
- 8:30am EUR German Flash Services PMI 55.0 versus 53.5 expected. The currency rose.
- 9:00am EUR EZ Flash Manufacturing PMI 53.3 versus 53.0 expected. The currency rose.
- 9:00 am EUR EZ Flash Services PMI 53.1 versus 52.7 expected. The currency rose.
- 9:30am GBP MPC Asset Purchase Facility 375B versus 375B expected, Votes 0-0-9 versus 0-0-9 expected. The currency fell.
- 9:30am GBP MPC Official Bank Rate 0.50% versus 0.50%, Votes 0-0-9 versus 0-0-9 expected. The currency fell.
- 9:30am GBP Public Sector Net Borrowing 4.9B versus 8.7B expected. The currency fell.
- 11:00am GBP CBI Industrial Order Expectations -1 versus 7 expected. The currency fell.
- 1:30pm CAD Core Retail Sales 0.6% versus 0.6% expected. The currency rose.
- 1:30pm CAD Retail Sales 0.5% versus 0.5% expected. The currency rose.
- 2:45pm USD Flash Manufacturing PMI 55.4 versus 56.2 expected. The currency fell.
- 3:00pm USD New Home Sales 384K versus 455K expected. The currency fell.
- 3:30pm USD Crude Oil Inventories 3.5M versus 10.0M expected. The currency fell.
- 10:00pm NZD Official Cash Rate 3.00% versus 25 bp rise to 3.00% expected. The currency rose.
- 10:00am NZD RBNZ Rate Statement noted that, "Headline inflation is moderate, but inflationary pressures are increasing and are expected to continue doing so over the next two years. In this environment it is important that inflation expectations remain contained. To achieve this it is necessary to raise interest rates towards a level at which they are no longer adding to demand. The speed and extent to which the OCR will be raised will depend on economic data and our continuing assessment of emerging inflationary pressures, including the extent to which the high exchange rate leads to lower inflationary pressure." The currency rose.
Thursday, April 24th
- 9:00am EUR German Ifo Business Climate survey 111.2 versus 110.5 expected. The currency rose.
- 10:00am EUR ECB President Draghi said that, "From the time the ECB was set up, not two centuries, but just 16 years ago, its commitment to its price stability mandate has not wavered. But its conduct and communication of monetary policy have evolved. The ECB’s reporting obligations have, unsurprisingly, grown. And as we take on banking supervisory powers later this year, there is a need for even greater accountability and transparency, which has been reflected in our inter-institutional agreement with the European Parliament. The publication of a richer account of our monetary policy deliberations represents a logical next step in the ECB’s evolving communications. After 16 years of operation and seven years of crisis, the Eurosystem has matured enough to engage more fully with the public about how we go about fulfilling our mandate. Such an interaction is ultimately the best basis for an effective monetary policy and for maintaining credibility and trust in our institution – which hopefully, like the DNB, will last for centuries to come." The currency rose.
- 11:00am GBP CBI Realized Sales 30 versus 18 expected. The currency rose.
- 1:30pm USD Core Durable Goods Orders 2.0% versus 0.6% expected. The currency fell.
- 1:30pm USD Weekly Initial Jobless Claims 329K versus 309K expected. The currency fell.
- 1:30pm USD Durable Goods Orders 2.6% versus 2.1% expected. The currency fell.
- All Day NZD Bank Holiday
- All Day AUD Bank Holiday
Friday, April 25th
- 12:30am JPY Tokyo Core CPI 2.7% versus 2.8% expected. The currency rose.
- All Day EUR Italian Bank Holiday
- 9:30am GBP Retail Sales 0.1% versus -0.4% expected. The currency rose.
- 9:30am GBP BBA Mortgage Approvals 45.9K versus 48.9K expected. The currency rose.
- 2:55pm USD Revised University of Michigan Consumer Sentiment survey 84.1 versus 83.2 expected. The currency fell.
EUR/USD:
Forecast: Mildly Lower
Actual: Mildly higher from a 1.3816 open to a 1.3835 close.
USD/JPY:
Forecast: Higher
Actual: Mildly lower from a 102.43 open to a 102.07 close.
GBP/USD:
Forecast: Lower
Actual: Mildly lower from a 1.6800 open to a 1.6799 close.
AUD/USD:
Forecast: Lower
Actual: Mildly lower from a 0.9331 open to a 0.9272 close.
USD/CAD:
Forecast: Mildly higher
Actual: Mildly higher from a 1.1022 open to a 1.1031 close.
NZD/USD:
Forecast: Mildly lower
Actual: Mildly higher from a 0.8568 open to a 0.8579 close.
Disclaimer: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.