WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between April 4th 2022 and April 8th 2022, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key correlated assets.
It’s been another volatile week, with the centre of attention to be for one more week on the Russia Ukraine war, which does not seem to be coming to an end.
The U.S. dollar index also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The release of the NFP, which was 431k instead of 492k which was expected, gave a small bullish push, to the dollar indicator.
Gold confirmed last week that the possibility on trend reversal, is still on the table, after a strong support level was formed in a bullish channel, something that creates a bearish flag. Target now seems to test again the 1900 psychological level.
Oil price rally appeared to stopped and price is settling for now on the 100 level. However, with the recent decrease on the crude inventories, as the US suggests, the demand will remain robust for the year.
Us Stocks remained in a bullish run after the FOMC rate hikes during March, with the S&P500 to reach already a 2-month high, while Nasdaq is approaching the psychological level of 15,000, and Dow is close on the 35,000.
Central Bank
International central banks were quite active this week.
US Federal Reserve (FED)
After solid jobs report last week, investors’ attention is turned for this week on more comments from FED member, while expecting the earning reports and releases during this week.
European Central Bank (ECB)
Euro may struggle to keep any gains, with the war situation to keep the attention of investors for any sighs that this might come to an end and push the economy upwards. ECB cannot follow yet its global peers, but it started to show some positivity, after the rumours, that the deposit rate is probably going back to 0, from the -0.5%.
Bank of England (BOE)
BOE is expected to raise again the UK interest rates in the second quarter of 2022, after the raise to 0.75 from the 0.1 that happened during the end of 2021. The latest monetary policy reports showed business confidence remained strong, however since inflation levels are reaching multiyear high levels, investors seem to be worrying for what is coming.
The Bank of Japan (BOJ)
BOJ remains one of the most dovish, apart from the Swiss National Bank. Global inflation seems to be occurring almost everywhere except Japan, with the CPI to show 0.9% yearly, while in the US showed 7.9%.
Other important economic data is as follows: (All times listed are GMT+0)
Monday, April 04, 2022
12:30: UK – 09:05: BOE GOV Baily Speaks
Tuesday, April 05, 2022
04:30: Australia – Cash Rate
04:30: Australia – RBA Rate Statement
14:00: US – ISM Service PMI
Wednesday, April 06, 2022
18:00: US – FOMC meeting minutes
Thursday, April 07, 2022
12:30: US – Unemployment Claims
Friday, April 08, 2022
12:30: CAD – Employment Change
12:30: CAD – Unemployment Rate
Thanks for reading! Have a great week! 
Important Note: The information found on Ausprime platform is intended only to be informative, is not advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not include any specific investment objectives, financial situation and needs of any specific person who may receive it. The past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statement.