Check out what’s happening in the market next week beforehand!
The BoC interest rate decision, China’s, Eurozone’s, UK’s, New Zealand’s, Japan’s and Canada’s inflation data as well as UK’s and Australia’s employment data and other financial data of the next week in focus.
Next week’s market movers
UK employment data for February as well as China’s GDP growth rate and RBA’s meeting minutes could grab the markets attention on Tuesday.
UK inflation data for March and BoC’s interest rate decision could move the market on Wednesday.
On Thursday the market is expected to shift its focus south east to New Zealand’s inflation data and Australia’s Employment data for March.
Last but not least, on Friday, Japan’s and Canada’s inflation data could be the markets center of discussion.
The coming week is expected to keep the market busy, as a number of financial data releases are due out and could move the market.
On Monday, during the North American session we get the US Retail Sales growth rate for March.
The rate is forecasted to accelerate and switch signs reaching +0.3% month on month (mom) compared to previous reading of -0.1% mom.
Should the actual results meet the forecast we could see the greenback strengthening as the acceleration of the indicator could imply that consumers place their trust to the US economy and are willing and able to spend more.