10.04.2023 16:58
Target levels and forecast for the week 10.04. 14.04.
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Target levels and forecast for the week 10.04. 14.04. Current week may determine the market trend before the Fed meeting on May 3.Today at 15.30 (GMT) there will be a closed meeting of Fed, probably on the topic of the banking crisis; there will be no official statement, but it is worth paying attention to the change in the rhetoric of Fed members during the week. A short-term drop in stock indices is possible.Serious movement may begin on Wednesday after the US inflation report and the publication of the minutes of Fed meeting.It is also worth paying attention to the quarterly reports of companies, especially JPMorgan, Wells Fargo and Citibank. If the reporting of banks is better than forecasts, we should expect a strong increase in risk appetite.The US retail sales report on Friday is important for the next Fed decision, but the current reaction to this report will be problematic. Large participants fear a global recession more than monetary aggression, especially as the banking crisis continues and is gradually getting out of the control of the Fed.Recall the fundamental events that you need to pay attention to (GMT 0 time):Tue, 11CNY: CPI (01:30)EUR: Retail Sales (09:00)USD: EIA Short-Term Energy Outlook , WASDE Report (16:00); API Weekly Crude Oil Stock (20:30)Wed, 12USD: CPI (12:30); Crude Oil Inventories (+Cushing) (14:30); FOMC Meeting Minutes, Federal Budget Balance (18:00)GBP: BoE Gov Bailey Speaks (13:00), (19:15)Thu, 13AUD: Employment Change, Unemployment Rate (01:30)CNY: Exports, Imports, Trade Balance (03:00)GBP: GDP, Industrial Production, Trade Balance (+Balance Non-EU) (06:00); BOE Credit Conditions Survey (08:00)USD: OPEC Monthly Report (11:00); Initial Jobless Claims, PPI (12:30)Fri, 14USD: IEA Monthly Report (08:00); Retail Sales, Export-Import Price Index (12:30); Industrial Production (13:15)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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