Monday 24-04-2017 Outlook
April 24, 2017 7:48 amVideo
Latest News
- ABN AMRO Gold Forecast: When to expect a bullish impulse? June 29, 2023
- EUR/USD and GBP/USD: Technical analysis for June 29 June 29, 2023
- Bitcoin: bullish pattern seems activated June 29, 2023
- Litecoin: bullish formation June 29, 2023
- USD/JPY: Is the pair ready to continue its upward movement? June 29, 2023
- BTC update for June 29,.2023 – Potential for the breakout of the tight trading range June 29, 2023
- EUR/USD and GBP/USD: trading plan for beginners on June 29, 2023 June 29, 2023
- Indicator analysis: Daily review of GBP/USD on June 29, 2023 June 29, 2023
- Analysis of Gold for June 29, 2023 – Potentia lfor the further downside movement June 29, 2023
- Gold sell-off stopped by 1,902 June 29, 2023
- USD/JPY in buyers’ hands June 29, 2023
- Indicator analysis: Daily review of EUR/USD on June 29, 2023 June 29, 2023
- GBP/USD trading plan for European session on June 29, 2023. COT report and overview of yesterday’s trades. The pound is losing June 29, 2023
- Daily Market Comment – Powell wakes up dollar bulls, Ueda hurts the wounded yen June 29, 2023
- Technical Analysis – US 30 cash index range-trading continues June 29, 2023
- Technical Analysis – WTI futures remain flat within bearish channel June 29, 2023
- Hot forecast for GBP/USD on June 29, 2023 June 29, 2023
- EUR/USD reaches confluence area June 29, 2023
- GBP/USD accumulates more bearish energy June 29, 2023
- Trading plan for EUR/USD and GBP/USD on June 29 June 29, 2023
Welcome to the easyMarkets weekly outlook starting this Monday 24 April. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. Following the French presidential election on Saturday, the week beginning 24 April is packed full of data announcements. Here are some of the key ones on the financial calendar.
Following last week’s disappointing Housing Starts data, on Tuesday we see the release of New Home Sales for March. February’s figure of 0.592 million was a 6.1% improvement on the previous month pointing to an improving housing industry for the US. The release on Tuesday may be followed closely by dollar bulls as more new home buyers mean more spending on furnishings and financing which stimulates the economy and the greenback.
Event: Australian Inflation Data
The Australian Bureau of Statistics will be releasing the Consumer Price Index for the first quarter of this year. This is a big inflation indicator as it represents the change in price amongst a representative sample of goods and services. Last quarter’s change was just 0.5% so the Reserve Bank of Australia will surely be watching to see for any improvements on this latest quarter.
Following on the heels of the French election will be the region’s first interest rate decision taking into account any fallout from the event. The rate is currently sitting on 0% and analysts’ are not expecting to see much change to that. Inflation data has been at satisfactory levels for the ECBs monetary policies at just under 2% and last week also saw positive trade balance data, so any change to the rate may come as a surprise to most.
Durable Goods Orders for February saw a 1.7% increase from the previous month according to the US Census Bureau. A number of other key indicators on the state of the US economy have come in positively recently with both building permits and jobs data signalling a growing economy. Thursday’s Durable Goods Orders are another key indicator to the state of the nation’s economy as it measures manufacturers’ cost of orders for durable goods that last for three or more years (e.g. cars, machinery etc.). Due to the large investment required for these items, the final figure indicates production activity and a higher than expected reading may be good for the USD.
The post Monday 24-04-2017 Outlook appeared first on Forex.Info.
Source: Easy Forex Forex.Info
Related Posts: