- Home
- >
- Fundamental Analysis
- >
- What can we expect in the next week: 10-14 April, 2017
What can we expect in the next week: 10-14 April, 2017
Rating:
Loading...Event number one for the last week was the NFP. Despite the worse - than - expected data the market kept it's positive sentiment against the greenback, as EUR/USD broke under the psychological level 1.06. However FED is just approaching it's bumpy road ahead. The NFP showed that US economy lost it's momentum which will negatively effect FED's plan for two rate hikes until the end of the year. Another hot topic (also happened in Friday) was the US attack against Syria. The news were highly positive for the safe haven instrument as JPY and GOLD. The GOLD managed to breach it's key level of 1250 and reached 1270, but shortly after that paired it's gains to around 1255. Oil couldn't maintain the price under 50 per barrel , which is a good new for the CAD's traders.
Here are the most important economic news for the upcoming week which are most likely to affect the markets.
Monday: There are no important economic data
Tuesday: 11:30 UK - CPI
12:30 Germany - Economic sentiment ZEW
Wednesday: 4:40 China - CPI
11:30 UK - Average hourly payment
17:00 Canada - Interest rate decision
Thursday 4:30 Australia - Employment change
9:00 China - Trade balance
15:30 USA - PPI
Friday - 15:30 USA - CPI and Retail sales
In the upcoming week we expect the indexes to remain around their highs , nevertheless corrections are not out of the question. The main market's driver for next wekk will be the beginning of the fiscal reports. We expect the most volatile sector to be bank sector. Another key factor will be the rising geopolitical conflicts after the attack against Syria. JPY is still rising , however it's close to the supports of most of it's major crosses.
Despite the negative sentiment in US economy USD remains with positive fundamentals . GBP/USD broke the formed Triangle figure in negative outlook for the pound. AUD is expected to remain under pressure as RBA decided to keep the interest rate untouched.
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
