The Forex Weekly Preview – 12-16 April
Table of Content
- Markets are looking busy in the week ahead
- Looming lockdowns expected reopening of the economy
- Big events in the economic calendar and earnings season kick-off with big banks
The forex weekly preview brings global markets closer to your trading portfolio. Markets will be fairly quiet, and the attention will turn to Canada’s business outlook, and after posing better than expected jobs data, we expect the business outlook to be positive.
Forex weekly preview shows how the markets will be busy in all sessions. Australia’s new home sales and consumer confidence will be key for the AUD.
The attention will then turn to U.K GDP data, we could expect volatility from the GBP.
The focus will then shift to the U.S inflation rate and U.S 30-year bond auction.
Expect very volatility sessions on Wednesday with central bank speakers. BoJ governor set to set.
New Zealand’s interest rate will be key in the markets.
ECB president Christine Lagarde will give a speech letter followed by Fed Chair Powell and Fed member Beige.
NB: Central bank speakers are key to the market movement and have so much influence on the market’s fundamentals.
Thursday will provide to be another volatility day in the markets. Big economic events to move the markets.
Forex weekly preview goes on with the BoJ governor holding a speech. Australian employment change will be key for the AUD. The Market focus will shift to the U.S retail sales data and initial jobless claims. Further, the Fed manufacturing index will be key.
Forex weekly preview highlights Friday as the day with key data from China, retail data, and unemployment will be crucial for the Australian market.
For our forex weekly preview, it’s that time of year again: earnings season! As usual, banks kick things off. Last year, banks were the stocks market dogs as interest rates were plummeting and the world was under lockdown. This year, they may be the darlings! Important earnings to note this week are as follows: JPM, WFC, JD, GS, BAC, TSCO, TSM, UNH, PEP, C, MS.
Bank of America
Forex weekly preview is analysing how the Aussie/Kiwi has been on upside movement since the end of last year to date. The market has recently taken a break, with the pair making an upside channel. Traders will focus on the key events from both sides, Aussie unemployment data and Kiwi interest rate decisions.
Technical, the markets will look for a break below the channel’s support trend should the downside losses continue. The bull will be eyeing for a potential break on the resistance level to set up more buying pressure in the market.
The Gold market will be eyeing more gains in the week ahead after a very strong start of April.
After a massive selloff with the pair forming a descending pattern last week, the market retest the resistance level at $1756, with investors hoping for a potential break on the resistance to open a way for more buying pressure. A further drop to the downside, the blue support trendline, could support the upside movement on Gold.
Disclaimer: The article above does not represent investment advice or an investment proposal and should not be acknowledged as so. The information beforehand does not constitute an encouragement to trade, and it does not warrant or foretell the future performance of the markets. The investor remains singly responsible for the risk of their conclusions. The analysis and remark displayed do not involve any consideration of your particular investment goals, economic situations, or requirements.