Top Economic Events To Watch | April 8 – April 12 – 2024 | April [Hot news]

This week, keep an eye on crucial economic indicators and central bank decisions that could sway market sentiment 👀

Events such as the release of March’s Consumer Price Index (CPI) and Core CPI, along with the Bank of Canada and European Central Bank interest rate decisions, will be closely watched by investors. Additionally, market participants will be monitoring the release of the Producer Price Index (PPI) and the UK’s Gross Domestic Product (GDP) figures, all of which could have significant implications for trading 💼 portfolios.

🇺🇸 March’s CPI and CPI ex. Food and Energy (Core CPI), April 10, at 15:30 GMT+3

This week, market focus is on the release of March’s Consumer Price Index (CPI) and Core CPI, excluding food and energy. The CPI report, a key measure of inflation alongside Personal Consumption Expenditures (PCE), holds significant sway over policymaker decisions, business strategies, and consumer behavior. Expectations are for a 0.2% monthly increase, down from the previous 0.4%, indicating a potential decrease in inflation. This could prompt the Federal Reserve to consider faster interest rate cuts, impacting assets like EUR/USD and US stocks.

🇨🇦 BoC Interest Rate Decision, April 10, at 16:45 GMT+3

Upcoming is the Bank of Canada (BoC) Interest Rate Decision, a pivotal event for the market, especially concerning the USD/CAD pair. Currently standing at 5%, analysts predict the rate to remain unchanged. However, attention will be on signals hinting at potential future cuts in subsequent meetings. This release gains significance as USD/CAD maintains a bias towards higher levels around 1.3600 after recent gains were trimmed. Any shifts in BoC’s stance could significantly impact the currency pair’s direction.

That’s it for this week! 👋