Market Opportunities : Week 10-04-2023 - 14-04-2023

USDIDX: United States Consumer Price Index (CPI) report on April 12 is the key economic event of April 10-14 week. Investors will be watching closely to see whether the consumer inflation continued to decelerate or not. In case the inflation declines from the previous reading of 0.4% over month this may give some reason for the Federal Reserve to pause rate hikes - otherwise USDIDX will get a bullish boost.

GBPUSD: United Kingdom gross domestic product report on April 13 is an important event for forex markets in the April 10-14 week. There is a possibility the Office for National Statistics may report UK economy continued to expand in February after 0.3% growth over month in January, which will be bullish for GBPUSD.