Here is what you need to know about the important news between April 11th 2022 and April 15th 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.
Global market sentiment changed to pessimistic last week, due to the Federal Reserve policy makers focus that changed to the willingness to deliver 50 basis point rate hikes in the recent futures.
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 indicator continued rising, targeting now the psychological level of 100.
Gold remained on the same levels during last week, struggling to choose a direction between the dollar and the upsurge in Treasure yields, and on the other hand the Russia Ukraine war and the possibility of more sanctions to Russia from the West.
Oil price dropped for a second week after concerns regarding global economy rebounds, while also the lockdown in Shanghai extends for a second week, bringing in mind of investors the oil prices 2 years ago when pandemic first started.
Us Stocks changed to bearish trend last week, with DOW showing decline of 0.23%, S&P 1.19%, and Nasdaq 3.54%. For this week, CPI indicators are in focus, with expectations to widen to 8.3% from 7.9%.
Central Bank
International central banks were quite active this week.
US Federal Reserve (FED)
The persistence on inflation may push the FED to adjust its exit strategy as Governor Lael Brainard insists that the central bank could reduce the balance sheet at a rapid pace with first target the May meeting.
European Central Bank (ECB)
The ECB policy decision and press conference are in focus this week, with investors waiting to see how president Lagarde tries to find a solution to stop inflation increase, while popping up a weak growth outlook.
Bank of England (BOE)
The focus on this week goes to the inflation indicators that are expected to be released on 13.04. Expectations are to increase to 6.7% from 6.2% last year.
The Bank of Japan (BOJ)
BOJ remains one of the most dovish, apart from the Swiss National Bank. The USDJPY pair is on the uptrend testing the 125 and the 130 level after BOJ Kuroda said that Japan will maintain its ultra-loose policy to achieve 2% inflation .
Other important economic data is as follows: (All times listed are GMT+0)
Tuesday, April 12, 2022
09:00: EUR — ZEW Economic Sentiment
12:30: USD – CPI m/m
12:30: USD – Core CPI m/m
Wednesday, April 13, 2022
2:00: NZD – Official Cash Rate
2:00: NZD – RBNZ Rate Statement
6:00: GBP – CPI y/y
12:30: USD – PPI m/m
14:00: CAD – BOC Monetary Policy Report
14:00: CAD – BOC Rate Statement
14:00: CAD – Overnight Rate
15:00: CAD – BOC Press Conference
Thursday, April 14, 2022
01:30: AUD – Employment Change
01:30: AUD – Unemployment Rate
12:30: EUR – ECB Press conference
12:30: EUR – Core Retail Sales m/m
12:30: EUR – Unemployment Change
Friday, April 15, 2022
All Day – CHF, GBP, EUR, CAD Bank Holiday
Thanks for reading! Have a great week! 
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