TOP trading events this week
Monday, April 23 - high impact on EUR
10:00 (GMT +3) - French Services PMI
PMI is one of the most closely watched economic indicators in the world. This monthly report represents the French Services and Manufacturing Purchasing Managers' Indexes.
The Services Index shows the activity level of purchasing managers in this sector based on the surveys of more than 300 business executives in private sector services companies.
The Manufacturing Index is also released by the Markit Economics and captures business conditions in the corresponding sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in the Eurozone.
Speaking of the PMI, a result above 50 signals is usually bullish for the EUR, whereas a result below 50 is bearish.
Tuesday, April 24 - high impact on AUD
04:30 (GMT +3) - Consumer Price Index
The Consumer Price Index released by the Reserve Bank of Australia and republished by the Australian Bureau of Statistics. It examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them. Changes in the CPI are used to assess price changes associated with the cost of living; the CPI is one of the most frequently used statistics for identifying periods of inflation or deflation.
A high reading is seen as positive/Bullish for the AUD, while a low reading is seen as negative/Bearish.
Wednesday, April 25 - moderate volatility on CHF
08:00 (GMT +3) - ZEV Survey - expectations (for April)
The ZEW Survey Expectations published by the Centre for European Economic Research presents business conditions, employment conditions and other elements affecting the day to day running of a business in Switzerland. ZEW stands for Zentrum für Europäische Wirtschaftsforschung or the Center for European Economic Research.
Generally speaking, a high reading is seen as positive (or Bullish) for the CHF, whereas a low reading is seen as negative (or Bearish).
Thursday, April 26 - high volatility on JPY
23:30 (GMT +3) - Tokyo CPI ex Fresh Food (for April)
The Tokyo Consumer Price Index released by the Statistics Bureau and captures inflation in Japan. The purchasing power of JPY is dragged down by inflation. Generally, a high reading is seen as positive for the JPY.
Meanwhile, JPY keeps showing the signs of weakness this week caused by several factors: a continued rise in Japanese inflation and dovish mood of the BoJ.
Friday, April 27 - high impact on GBP
08:30 (GMT+3) - GDP Preliminary release
The Gross Domestic Product released by the National Statistics is a measure of the total value of all goods and services produced by the UK. The GDP is considered as a broad measure of the UK economic activity. Generally speaking, a rising trend has a positive effect on the GBP, while a falling trend is seen as negative (or bearish).
UK inflation slips lower than expected but wage pressure builds up. Analytics expect GDP to slip lower than last month’s 0,4% back to 0,3%.