Next week’s market movers

1. US inflation data for March as well as China’s inflation rate for March could grab the markets attention on Wednesday.
2. France’s final CPI rate (EU Norm.) for March and Sweden’s CPI rate for March could move the market on Thursday.
3. Last but not least, the market is expected to shift its focus to Germany’s final HICP rate for March on Friday.

The coming week could be a bit slow, however a number of financial data releases are due out and could move the market.

On Monday, during the Asian morning we get Japan’s Current account figures for February. The indicator is forecasted to increase substantially and reach 2,160B JPY compared to previous month’s reading of 607.4B. As the Japanese economy is strongly export oriented the indicator gains on importance and should the forecasts be realized we could see the Yen strengthening. During the European morning the release of Germany’s Trade Balance for February and UK’s Halifax House Price index could also grab the markets attention. In the North American session Canada’s Housing starts could prove to be of some significance for CAD traders.

On Tuesday, NOK traders should be on their guards as Norway’s CPI rate for March is due out, during the European morning. The rate is forecasted to slow-down and reach a reading of +1.8% year on year (yoy) compared to previous month’s respective reading of +2.2% yoy. Should the actual data meet the forecast we could see the NOK weakening as the initial joy after Norge’s bank latest interest rate decision may settle down….

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