23rd April 2018 – 28th April 2018
Monday morning will be quite without any data releases. By Mid-day, the markets will start reacting to german data releases which concentrates on the manufacturing and service sectors of Germany. This will be followed by Euro zone manufacturing and service data. US will release the same reports in the evening along with existing home sales which provides an estimated value of housing market conditions. From Germany we will see release of IFO reports which will showcase current conditions and business expectations in Germany. UK will then release public sector net borrowing which captures an amount of new debt held by the U.K. governments. Wednesday looks dull as there are no data releases worth mentioning hence political developments will be key market movers. A Big day for the European union as we will see the release of interest rate decision which is expected to remain same. However, traders will keep an eye on the Monetary policy statement and the press conference where ECB President Draghi is expected to comment on the Asset purchasing program and changes in the monetary policy. After quite an eventful European session, US will release few mid-tier reports related to the jobs market and durable goods. The durable goods report will be a key market mover for the greenback as it is expected to increase by 0.5%. Early morning Japan will release their interest rate decision along with their monetary policy statement. Then from UK, we will see Gross Domestic Product figures which a measure of the total value of all goods and services produced by the UK. From Germany we will see Unemployment rate and Unemployment change which will give indications on the German job market. Then from European union we will see business climate report which delivers a clear and timely assessment of the cyclical situation within the euro zone. The Final session belongs to US with the all-important GDP figures for the first quarter of 2018. Figures are expected to support the Dollar as last quarter reading was better than expected which showed immense growth in the American economy. Along with GDP we will the release of Core personal consumption expenditures which is an average of the amount of money the consumers spend in a month on durable goods, consumer products, and services.Monday
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