17.04.2023 14:49
Target levels and forecast for the week 17.04. 21.04.
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Target levels and forecast for the week 17.04. 21.04.For the pound, data from reports on inflation, the labour market, PMI and retail sales in Britain are important. The market needs to either confirm the IMF's view of the coming recession or confirm the position of Prime Minister Sunak and the head of BOE Bailey that the British economy can avoid a recession this year.For the Eurozone and the dynamics of the euro, the reports of the ZEW of Germany and the PMI of the Eurozone will be important. By the way, Germany's refusal of nuclear power plants with an irreversible rise in the cost of electricity will hit the competitiveness of the locomotive of the Eurozone economy hard.Chinese statistics will have a strong impact on risk appetite, as the growth of the Chinese economy can make the coming recession in the US and the Eurozone easier and shorter.There are no serious US statistics. The dollar will react to the reporting of companies - it is on them that the appetite for risk will depend in the next two weeks.Recall the fundamental events that you need to pay attention to (GMT 0 time):Tue, 18CNY: GDP, Industrial Production, Unemployment Rate, NBS Press Conference (02:00)GBP: Average Earnings Index +Bonus, Unemployment Rate (06:00)EUR: Trade Balance, ZEW Economic Sentiment (09:00)NZD: GlobalDairyTrade Price Index (12:00)USD: API Weekly Crude Oil Stock (20:30)Wed, 19GBP: CPI (06:00)EUR: CPI, Core CPI (09:00)USD: Crude Oil Inventories (+Cushing) (14:30); Beige Book (18:00) NZD: CPI (22:45)Thu, 20CNY: PBoC Loan Prime Rate (01:15)EUR: Trade Balance (09:00); ECB Publishes Account of Monetary Policy Meeting (11:30)USD: Initial Jobless Claims (12:30)Fri, 21GBP: Retail Sales (06:00); Composite, Manufacturing, Services PMI (08:30)EUR: Composite, Manufacturing, Services PMI (08:00)USD: Manufacturing, Composite, Services PMI (13:45)For more news see Economic Calendar.Profits to yall!#EURUSD #GBPUSD #USDJPY #XTIUSD #Profits #ForexChief #forexsignals #MarketFocus #forexnews #Stock #StopLoss #EconomicCalendar #worldnews #forexmarket
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