{"id":37466,"date":"2023-04-24T05:51:39","date_gmt":"2023-04-24T05:51:39","guid":{"rendered":"https:\/\/errante.com\/?p=37466"},"modified":"2023-04-24T05:51:40","modified_gmt":"2023-04-24T05:51:40","slug":"the-week-ahead-24th-28th-april-2023","status":"publish","type":"post","link":"https:\/\/errante.com\/newsroom\/the-week-ahead-24th-28th-april-2023\/","title":{"rendered":"The Week Ahead: 24th – 28th April 2023"},"content":{"rendered":"\n
U.S. data will shed more light on the future path of interest rates. European bank earnings will show the impact from last month\u2019s banking crisis, Eurozone data will inform the ECB\u2019s decision making and the new BOJ governor chairs his first policy meeting.\u202a<\/p>\n\n\n\n
Investors are trying to gauge whether the Federal Reserve will keep hiking rates to fight inflation after a widely anticipated 25 basis point hike at its May policy meeting. Many expect the central bank to cut rates later this year to loosen the grip of higher borrowing costs on the economy.<\/p>\n\n\n\n
Thursday\u2019s figures on first quarter GDP along with the Fed\u2019s favoured measure of inflation, the core PCE price index and the employment cost index, both due out on Friday, will be closely watched.<\/p>\n\n\n\n
GDP data is expected to point to solid growth, with consumer spending remaining strong. While the headline PCE price index is expected to fall the core reading is forecast to remain elevated. The employment cost index is also expected to tick higher, consistent with still sticky inflation.<\/p>\n\n\n\n
The ECB is expected to raise interest rates for a seventh straight meeting at its upcoming May meeting, with most analysts expecting a 25-basis point hike, although a larger increase has not been ruled out.<\/p>\n\n\n\n
New Bank of Japan Governor Kazuo Ueda chairs his first policy meeting on Friday and while analysts are not expecting any changes to the central bank’s ultra-dovish monetary policy they are on the alert for any potential surprises.<\/p>\n\n\n\n
With all these reports and more, have your trading charts ready!<\/strong><\/p>\n\n\n\n The times below are GMT +3.<\/p>\n\n\n\n Monday 24th<\/sup> April<\/strong><\/p>\n\n\n\n Tuesday 25th<\/sup> April<\/strong><\/p>\n\n\n\n Potential instruments to Trade: USD Crosses. <\/p>\n\n\n\n Wednesday 26th<\/sup> April<\/strong><\/p>\n\n\n\n Potential instruments to Trade: AUD Crosses. <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses. <\/p>\n\n\n\n Thursday 27th<\/sup> April<\/strong><\/p>\n\n\n\n Potential instruments to Trade: USD Crosses. <\/p>\n\n\n\n Friday 28th<\/sup> April<\/strong><\/p>\n\n\n\n Potential instruments to Trade: JPY Crosses. <\/p>\n\n\n\n Potential instruments to Trade: EUR Crosses. <\/p>\n\n\n\n Potential instruments to Trade: CAD Crosses. <\/p>\n\n\n\n Potential instruments to Trade: USD Crosses.\u00a0<\/p>\n\n\n\n If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email support@errante.com<\/a>.<\/p>\n\n\n\n We are Errante. Trading made personal<\/strong>.<\/p>\n\n\n\n Errante is regulated by the Seychelles Financial Services Authority (FSA) under license number [SD038<\/a>].<\/p>\n\n\n\nThis Week\u2019s High Impact Events<\/strong><\/h2>\n\n\n\n
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