Get ready for a week filled with critical economic releases that could impact financial markets and your investment decisions! 📈📉
This week, we'll be closely monitoring various economic indicators, including the United States CPI and PPI, the Eurozone's retail sales, and the United Kingdom's GDP.
Join us as we explore the top 5 economic events to watch from April 10 – 14 📅
European Union Retail Sales m/m – Tuesday, April 11th
📅 The European Union Retail Sales m/m will be released on Tuesday, April 11, at 12:00 (GMT+3).
📌 EU Retail Sales m/m is an indicator that tracks the monthly changes in the total amount of goods and services sold at the retail level in the European Union.
📊 Traders closely monitor the release of the European Union Retail Sales m/m as it can significantly impact the financial markets. The upcoming retail sales release is expected to decrease by 0.2% from last month, which could have important implications for the Eurozone's economic outlook. This figure can affect the demand for the euro currency and euro-denominated assets, like European stocks. If the retail sales figure is lower than expected, it could signal a weaker economy, leading to a decline in the euro's value and a decrease in stock prices. Conversely, a higher-than-expected retail sales figure could have the opposite effect.
Assets potentially to be affected: $EUR and $EU Stocks 🇪🇺
US Core Consumer Price Index (CPI) m/m – Wednesday, April 12th
📅 On Wednesday, April 12, the US Core Consumer Price Index (CPI) m/m will be released at 15:30 (GMT+3).
📌 US Core Consumer Price Index (CPI) m/m is a gauge that measures the monthly changes in the price of consumer goods and services, excluding food and energy, in the United States.
📊 The upcoming CPI data is expected to be released soon, and traders need to prepare for potential market shifts. A higher-than-expected CPI figure could signal increasing inflation, which could result in the US Federal Reserve tightening monetary policy. This could lead to a strengthening of the US dollar and a decrease in stock prices. Conversely, a lower-than-expected CPI figure could indicate lower inflation, leading to a decrease in interest rates and potentially boosting stock prices.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
United Kingdom Gross Domestic Product (GDP) m/m – Thursday, April 13th
📅 On Thursday, April 13, the UK Gross Domestic Product (GDP) m/m will be released at 09:00 (GMT+3).
📌 UK Gross Domestic Product (GDP) m/m is a metric that quantifies the monthly fluctuations in the total value of goods and services produced within the borders of the United Kingdom.
📊 As a key measure of the country's economic health, changes in the GDP figures can significantly impact the currency market, especially the $GBP/USD currency pair. Traders closely monitor the upcoming GDP release to anticipate potential market movements and trading opportunities. A higher-than-expected GDP figure could indicate a growing economy, leading to an appreciation in the value of the pound against the US dollar. Conversely, a lower-than-expected GDP figure could signal a contraction in the economy, leading to a depreciation of the pound.
Assets potentially to be affected: $GBP and $UK Stocks 🇬🇧
United States Producer Price Index (PPI) m/m – Thursday, April 13th
📅 The US Producer Price Index (PPI) m/m will be released on Thursday, April 13, at 15:30 (GMT +3).
📌 US Producer Price Index (PPI) m/m is an index that tracks the monthly variations in the prices received by domestic producers for the goods and services they sell in the United States.
📊 Traders monitor the PPI release closely as higher-than-expected figures may lead to a tightening of monetary policy, causing stock prices and bond yields to decrease and the US Dollar to strengthen. Conversely, lower-than-expected figures may cause the US Dollar to weaken while stock prices and bond yields increase.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
United States Retail Sales m/m – Friday, April 14th
📅 The United States Retail Sales m/m will be released on Friday, April 14, at 15:30 (GMT +3).
📌 US Retail Sales m/m is a statistic that reports the monthly changes in the total amount of goods and services sold at the retail level in the United States.
📊 Keep your eyes on the upcoming US Retail Sales release, as the index is anticipated to rise after last month's decline, which could lead to increased market volatility affecting not only the US Dollar and Stocks but also Gold ($XAU/USD) as a safe-haven asset.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
That's it for this week! 👋
