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Market Opportunities : Week 17-04-2023 - 21-04-2023
GBPUSD: UK inflation report for March is an important event for the UK currency due April 19. There is a possibility the British inflation ticks down after accelerating unexpectedly from previous month’s reading of 10.1% which will be bearish for GBPUSD pair.
EURUSD: S&P Global’s flash Manufacturing PMI report for Germany is an important event in the April 17-21 week. In case the data on April 21 show German manufacturing sector contraction continued to accelerate after a weak March report - the EURUSD will come under bearish pressure.
EURUSD: S&P Global’s flash Manufacturing PMI report for Germany is an important event in the April 17-21 week. In case the data on April 21 show German manufacturing sector contraction continued to accelerate after a weak March report - the EURUSD will come under bearish pressure.
Key Events to Watch
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2023-04-18 | CNY | China Gross Domestic Product (GDP) q/q | 1.3% | 0.0% |
| 2023-04-17 | GBP | United Kingdom Claimant Count Change | -11.8 K | -11.2 K |
| 2023-04-18 | EUR | ZEW Germany Economic Sentiment Indicator | 20.6 | 13.0 |
| 2023-04-18 | USD | United States Building Permits | 1.431 M | 1.524 M |
| 2023-04-19 | USD | EIA United States Crude Oil Stocks Change | ||
| 2023-04-20 | USD | United States Existing Home Sales | 4.94 M | 4.58 M |
| 2023-04-21 | GBP | United Kingdom Retail Sales m/m | -0.1% | 1.2% |
| 2023-04-21 | CAD | Canada Retail Sales m/m | 0.0% | 1.4% |
| 2023-04-21 | CAD | Canada Core Retail Sales m/m | 0.9% |
