Market Opportunities : Week 24-04-2023 - 28-04-2023

EURUSD: German consumer inflation report for April is an important economic event for forex markets. The German statistics office Destatis will release the CPI preliminary report on April 28. In case the German inflation peaks - the EURUSD will get a bearish impulse.

USDIDX: United States Personal Consumption Expenditure Index (PCE) report on April 28 is the key economic event of April 24-28 week. Investors will be watching closely to see whether the Federal Reserve’s preferred inflation gauge peaked or not. In case the PCE declines from the previous reading of 5% over year this may give some reason for the Federal Reserve to pause rate hikes - otherwise USDIDX will get a bullish boost.