FXGiants, Full Financial Market Report for the April 10th - 14th by UK Licensed Broker!
Don’t spend your weekend for nothing! Let’s prepare for the next week!
This article is originally referred from FXGiants News.
Here is the weekly Market Outlook from April 10th – 14th by FXGiants!
Bank of Canada policy decision, key data in focus
Next week’s market movers
- In Canada, we expect the BoC to remain on hold and maintain its relatively dovish tone despite the
latest improvements in the profile for economic growth.
- We also get key economic data from the US, the UK, Norway and Sweden.
On Monday, we have a relatively quiet calendar day. The only indicator that could attract market attention is Norway’s CPI for March.
On Tuesday, we get the UK CPI data for March. Without any forecast available, we see the case for both the headline and the core rates to have risen further. This view is based on the services PMI for the month, which showed that prices charged by service provides increased at the fastest rate for eight-and-ahalf years. Considering that services account for the vast majority of UK GDP, a reasonable argument can be made that inflationary pressures in the overall economy continue to pick up rapidly. We expect a confirmation of that from the CPIs to fuel speculation regarding some future tightening by the BoE. Even though the latest commentary from BoE policymakers suggests that the Bank is in no hurry to raise rates, we believe that rapidly accelerating inflation could lead to some more hawkish dissents among the Committee. We also get Sweden’s CPI figures for the same month.
Read the Full Report by FXGiants from below!
Weekly Market Outlook FXGiants April 10th – 14th
Original Source: FXGiants News
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