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Today, JustForex’s team of financial analysts has prepared a new review of events in the upcoming week.

These events can significantly affect the Forex market.

Choose and track the ones that are most important to you.

Last week, the US dollar strengthened against currency majors. The dollar index (#DX) closed in the positive zone. Geopolitical tension weakened, which caused a higher demand for the American currency. Additional support was provided by the positive dynamics of the US government bonds profitability, which again reached highs since 2014. In the upcoming trading week, we recommend you to pay attention.

In the upcoming trading week, we recommend you to pay attention to the following macroeconomic events and reports.

April 23rd, Monday

On Monday, investors’ attention will be focused on the following economic reports:

  • The index of business activity in the manufacturing sector of Germany at 10:30 (GMT+3:00);
  • A number of indexes of business activity in the US at 16:45 (GMT+3:00);
  • Sales in the secondary housing market in the US at 17:00 (GMT+3:00).

April 24th, Tuesday

On Tuesday, we expect publication of important statistical data:

  • Australian consumer price index at 04:30 (GMT+3:00);
  • IFO business climate index at 11:00 (GMT+3:00);
  • Consumer confidence index in the US at 17:00 (GMT+3:00);
  • New home sales in the US at 17:00 (GMT+3:00).

April 25th, Wednesday

On Wednesday, the publication of important economic reports is not planned.

We recommend paying attention to the data on crude oil inventories in the United States at 17:30 (GMT+3:00).

April 26th, Thursday

On Thursday, a key event will be the ECB meeting at 14:45 (GMT+3:00).

It is expected that the regulator will leave interest rates at the same level.

We recommend you to pay attention to the comments by the Central Bank representatives.

At 15:30 (GMT+3:00) we expect statistics on orders for durable goods in the US.

April 27th, Friday

On Friday, the Bank of Japan will make a decision on the interest rate.

Experts expect that the Central Bank will keep the interest rate unchanged at -0.10%.

Important economic reports:

  • Statistics on the labor market in Germany at 11:00 (GMT+3:00);
  • The UK GDP data at 11:30 (GMT + 3: 00);
  • A report on the US GDP at 15:30 (GMT+3:00).
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