April 7 – April 12, 2024 Economic report and policy meetings
April 7
Australia: Home Loans (MoM) – February, Investment Lending for Homes – February
Euro-Zone: Germany: Balance of Trade – February, Exports - MoM
Japan: Economy Watchers Survey: Current – March, Economy Watchers Survey: Outlook – March
Switzerland: Unemployment Rate - March
April 8
Australia: WESTPAC Consumer Confidence Index - April
Brazil: Brazilian Central Bank (BCB) Focus Market Readout
Euro-Zone: France: Balance of Trade - February
Israel: Interest Rate Decision
Japan: Consumer Confidence - March
Philippines: Interest Rate Decision
U.K.: British Retail Consortium Retail Sales Monitor (YoY) - March
U.S.: Consumer Inflation Expectations - March
April 9
Japan: Bank Lending (YoY) – March, Producer Price Index (PPI) (MoM) – March, PPI (YoY) - March
Mexico: Inflation Rate (YoY) – March, Core Inflation Rate (MoM) - March
Philippines: Unemployment Rate – February
New Zealand: Reserve Bank of New Zealand (RNBZ) Interest Rate Decision
Switzerland: Swiss National Bank (SNB) Schlegel Speech
U.S.: RCM/TIPP Economic Optimism Index – April, Johnson Redbook (YoY) - April 6
April 10
Australia: Consumer Inflation Expectations – April
Brazil: Inflation Rate (MoM) – March, Inflation Rate (YoY) – May
Canada: Building Permits (MoM) – February, Bank of Canada (BoC) Interest Rate Decision, BoC Monetary Policy Report, BoC Press Conference
China: Inflation Rate (YoY) – March, Inflation Rate (MoM) – March, Producer Price Index (PPI) (YoY) - March
Euro-Zone: Italy: Retail Sales (MoM) – February
Japan: Foreign Bond Investment – April 6
Russia: Inflation Rate (MoM) – March, Inflation Rate (YoY) - March
Thailand: Interest Rate Decision
U.S.: Federal Open Market Committee (FOMC) Minutes, Monthly Budget Statement – March, Core Inflation Rate (YoY) – March, Inflation Rate (YoY) – March, Core Inflation Rate (MoM) – March, Consumer Price Index (CPI) – March, CPI s.a. – March, Inflation Rate (MoM) – March, Wholesale Inventories (MoM) – February, MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (April 5), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (April 5), Department of Energy (DOE) U.S. Crude Oil Inventories (April 5), DOE Cushing OK Crude Inventory (April 5), DOE U.S. Gasoline Inventories (April 5), DOE U.S. Distillate Inventory (April 5), DOE U.S. Refinery Utilization (April 5), DOE Crude Oil Implied Demand
The Bureau of Labor Statistics releases the consumer price index for March. Consensus estimate is for a 3.4% year-over-year increase, two-tenths of a percentage point more than in February. The core CPI, which excludes volatile food and energy prices, is expected to rise 3.7%, a tenth of percentage point less than previously. CPI data have come in hotter than expected so far this year and, along with continued strength in the labor market, have caused bond yields to hit new highs for the year. The Federal Open Market Committee releases the minutes from its mid-March monetary-policy meeting. At the meeting, the FOMC kept the federal-funds rate unchanged at 5.25% to 5.50%.
April 11
Brazil: Retail Sales (MoM) – February
China: New Yuan Loans – March, Balance of Trade - March
Euro-Zone: European Central Bank (ECB) Interest Rate Decision, Deposit Facility Rate, Marginal Lending Rate, ECB Press Conference, Italy: Industrial Production (MoM) – February, Industrial Production (YoY) – February, Germany: Inflation Rate (YoY) Final – March, Inflation Rate (MoM) Final – March, France: Inflation Rate (MoM) Final – March, Inflation Rate (YoY) Final - March
Japan: Industrial Production (YoY) Final - February
Mexico: Industrial Production (YoY) - February
New Zealand: Business NZ Purchasing Managers Index (PMI) – March, Electronic Retail Card Spending (MoM) – March, Electronic Retail Card Spending (YoY) – March
Russia: Balance of Trade – February
Singapore: GDP Growth Rate (QoQ) Advance – 1st Qtr., GDP Growth Rate (YoY) Advance – 1st Qtr.
South Korea: Unemployment Rate – March, Interest Rate Decision
U.K.: GDP 3-Month Average – February, GDP (YoY) – February, Balance of Trade – February, Construction Output (YoY) – February, GDP (MoM) – February, Goods Trade Balance – February, Goods Trade Balance Non-EU – February, Industrial Production (YoY) – February, Manufacturing Production (YoY) - February
U.S.: Producer Price Index (PPI) (MoM) – March, Continuing Jobless Claims – March 30, Initial Jobless Claims – April 6
The European Central Bank announces its monetary-policy decision. The EDB is widely expected to keep its key short-term interest rate unchanged at 4%. The ECB’s next policy move will probably be a rate cut, with traders eyeing the June meeting.
April 12
India: Industrial Production (YoY) – February, Inflation Rate (YoY) – March, Manufacturing Production (YoY) - February
U.K.: NIESR Monthly GDP Tracker - March
U.S.: University of Michigan Consumer Sentiment Preliminary – April, Baker Hughes U.S. Rig Count – April 12
Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.
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