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A Week in the Market: Statistics and Mixed Sentiment (4–8 April)

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A Week in the Market: Statistics and Mixed Sentiment (4-8 April)

A Week in the Market: Statistics and Mixed Sentiment (4- 8 April)

April starts with a flow of statistics from Japan and Europe, publishing the minutes of the Fed, and moderate moods of the pound fans.





JPY: statistics will demonstrate consumer sentiment





JPY: statistics will demonstrate consumer sentiment




Japan is publishing average wage information, leading indicator index, payment balance, and Eco Watchers Current Index. The market will be interested in household spending: consumers spend money when they see the economy and outside stable. The stronger the digits will be, the more support the yen will get.





RBA: the rate will wait





RBA: the rate will wait




The Reserve Bank of Australia at the meeting will make decisions about its credit and monetary policy, including the interest rate. The latter is expected to remain at 0.1%. The comments of the RBA are even of more interest: the more neutrally it assesses the inflation and the outer situation, the better for the AUD.





Fed: check out the minutes





Fed: check out the minutes




The US Federal Reserve System will publish the minutes of its latest meeting. The main thing that investors care about is the scale and time of the next increase in the interest rate. The rate is expected to grow on each of the next six sessions. Confirmation of the forecasts will support the USD.





EUR: statistics might strike





EUR: statistics might strike




The Euro zone will treat the market on lots of statistics. Focus on Sentix market sentiment index: it is expected to decline. Moreover, the PMI in services will also attract attention, both for the whole of the Euro zone and each country in particular.





The February PPI alongside retail sales will also be published. Most probably, the results will be mixed, and if the reports turn out too weak, the EUR will be compromised.





GBP: the pound does not look strong





GBP: the pound does not look strong




In Britain, no important statistics are due. Investors will keep a close eye on the speeches of monetary politicians: firstly, the head of the BoE Andrew Bailey, and then - several members of the Monetary Policy Committee. The GBP does not look strong, and if any of the politicians will promise to "wait and see what happens", the GBP might start falling.


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