Weekly Outlook: Apr 10 – 14; BoC Policy Meeting, U.S. & U.K. CPIs are Coming

Even though we head into European Easter holidays and this week is slightly quieter, in comparison with the week past, there are significant macroeconomic updates. Bank of Canada will announce its interest rate decision accompanied by a press conference while U.S., U.K. and German inflation reports will be released. Employment report from U.K. and Australia, as well as the German ZEW Survey, will be monitored closely.
Monday’s economic calendar is soft in the morning with just Euro area’s sentix investor confidence expected and is it’s expected to slip to 20.2 in April versus 20.7 before. On the second half of the trading day, Fed Chair Janet Yellen will give a speech and will affect the U.S. dollar if she speaks for interest rates as the U.S. economy added the lease jobs in ten months in March. During the night, National Australia Bank will release the business conditions indicator for March.
On Tuesday, the significant macro data of the day are U.K. CPI report and Euro areas ZEW Survey. The U.K. consumer price index, on an annual basis, is forecasted to keep the same pace with the month before at 2.3% for the month of March. The producer price index and the retail price index for March are also coming out.
Read the full article on JFD Research.

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