Trading News to Watch Next Week (22-26 April 2019)

Source: DF Markets

Our video features some, but not all, of the leading market events for next week. Explore the full list of 22-26 April events in our detailed report.

Tuesday, April 23

 

AUD – CPI q/q – 9:30 pm (High Impact)

Tracks the change in the price of goods and services purchased by consumers. Although this data is extremely late relative to inflation data from other countries, it’s the primary gauge of consumer prices and tends to create hefty market impacts.

A price change of 0.5% for the previous quarter slightly beat estimates of 0.4%.

AUD – Trimmed Mean CPI q/q – 9:30 pm (High Impact)

Tracks the change in the price of goods and services purchased by consumers, excluding the most volatile 30% of items. This  data represents the underlying inflation trend through component weighting and anomaly exclusion.

A price change of 0.4% for the previous quarter matched a forecast of the same value.

Wednesday, April 24

 

CAD – BOC Monetary Policy Report – 10:00 am (High Impact)

Canadian dollars on city background

Source: DF Markets

This report provides valuable insight into the bank’s view of economic conditions and inflation—the key factors that will shape the future of monetary policy and influence their interest rate decisions.

CAD – BOC Rate Statement – 10:00 am (High Impact)

This statement is the primary tool that the Bank of Canada uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

CAD – Overnight Rate – 10:00 am (High Impact)

Tracks the interest rate at which major financial institutions borrow and lend overnight funds between themselves.

A previously voted rate of 1.75% remained consistent with the forecasts.

CAD – BOC Press Conference – 11:15 аm (High Impact)

This press conference is among the primary methods that the BOC uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

The press conference is held quarterly and has 2 parts—first a prepared statement is read, then the conference is open to press questions. The questions often lead to unscripted answers that create heavy market volatility.

JPY – BOJ Outlook Report – Tentative (High Impact)

The report provides valuable insight into the bank’s view of economic conditions and inflation—the key factors that will shape the future of monetary policy.

JPY – Monetary Policy Statement – Tentative (High Impact)

This statement is among the primary tools the Bank of Japan uses to communicate with investors about monetary policy. It contains the outcome of their decision on asset purchases and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future votes.

Thursday, April 25

 

JPY – BOJ Press Conference – Tentative (High Impact)

This conference is among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy.

EUR – Spanish Unemployment Rate – 03:00 am (Medium Impact)

Shows the percentage of total workforce that is unemployed and actively seeking employment during the previous quarter.

An unemployment rate of 14.5% for the previous quarter remained consistent with the forecasts.

USD – Core Durable Goods Orders m/m – 08:30 am (High Impact)

Tracks the change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items.

A value change of 0.1% for the previous month slightly underperformed vs. a 0.3% forecast.

NZD – Trade Balance – 06:45 pm (Medium Impact)

Monitors the difference in value between imported and exported goods during the reported month.

A positive number indicates that more goods were exported than imported. A value difference of 12M for the previous month crushed a forecast of -200M.

Friday, April 26

 

CHF – SNB Chairman Jordan Speaks – 4:00 am (High Impact)

Switzerland flag

Source: DF Markets

Due to speak at the SNB’s General Meeting of Shareholders in Bern. As head of the central bank, which controls short term interest rates, Tomas Jordan has more influence over the nation’s currency value than any other person. Traders scrutinise his public engagements as they are often used to drop subtle clues regarding future monetary policy.

USD – Advance GDP q/q – 8:30 am (High Impact)

Depicts the annualised change in the inflation-adjusted value of all goods and services produced by the economy. While this is q/q data, it’s reported in an annualised format. There are 3 versions of GDP released a month apart—Advance, Preliminary, and Final.

A change of 2.6% for the previous quarter beat a general consensus of 2.2%.

USD – Revised UoM Consumer Sentiment – 10:00 am (Medium Impact)

Tracks the level of a composite index based on a survey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions.

An index value of 98.4 for the previous month came slightly ahead of a 97.8 forecast.

Missed our previous report? Go back and catch up on last week’s top news. You can also visit our economic calendar to study past and upcoming events in more detail.

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