In the dynamic world of forex trading, where currencies constantly shift in value, various factors come into play. One crucial element is major data releases, which are significant events that heavily influence market feelings and impact trading decisions. For traders aiming to stay ahead, pay close attention to this forex forecast to make more informed trading decisions.
As we approach the coming week, forex traders must be aware of the upcoming major data releases that could impact currency pairs. Here’s a breakdown of key events based on the UTC+4 time zone, sourced from Trading Economics.
Monday (15/04/2024)
01:00 PM: Euro Area Industrial Production MoM
Analysis of month-on-month changes in industrial production in the Euro Area, providing insights into manufacturing activity and potential impacts on the euro.
04:30 PM: US Retail Sales MoM
Monitoring of month-on-month changes in retail sales in the US, offering insights into consumer spending trends and potential influences on the US dollar.
Tuesday (16/04/2024)
06:00 AM: Chinese GDP Growth Rate YoY
Assessment of year-on-year GDP growth rate in China, providing insights into economic performance and potential influences on the Chinese yuan.
06:00 AM: Chinese Retail Sales YoY
Analysis of year-on-year changes in retail sales in China, offering insights into consumer spending patterns and potential impacts on the Chinese yuan.
10:00 AM: UK Unemployment Rate
Evaluation of the unemployment rate in the UK, providing insights into labor market conditions and potential impacts on the British pound.
04:30 PM: Canadian Inflation Rate YoY
Assessment of the year-on-year inflation rate in Canada, providing insights into price trends and potential influences on the Canadian dollar.
04:30 PM: US Building Permits Prel
Monitoring of preliminary US building permit data, offering insights into construction sector activity and potential currency impacts.
Wednesday (17/04/2024)
03:50 AM: Japanese Balance of Trade
Evaluation of Japan’s trade balance data, providing insights into export and import levels and potential influences on the Japanese yen.
10:00 AM: UK Inflation Rate YoY
Analysis of the year-on-year inflation rate in the UK, influencing perceptions of economic stability and impacting the British pound.
Thursday (18/04/2024)
05:30 AM: Australian Unemployment Rate
Assessment of the unemployment rate in Australia, providing insights into labor market conditions and potential influences on the Australian dollar.
04:30 PM: Initial Jobless Claims
Monitoring of initial jobless claims data in the US, offering insights into labor market dynamics and potential impacts on the US dollar.
Friday (19/04/2024)
03:30 AM: Japanese Inflation Rate YoY
Analysis of the year-on-year inflation rate in Japan, providing insights into price trends and potential impacts on the Japanese yen.
10:00 AM: UK Retail Sales MoM
Evaluation of month-on-month changes in retail sales in the UK, offering insights into consumer spending patterns and potential influences on the British pound.
Disclaimer
Forex trading involves risks, and traders are strongly advised to conduct thorough and independent research before making any investment decisions. Market conditions can change rapidly, and it’s crucial to stay informed and adapt to the evolving landscape.
As the upcoming week unfolds, these major data releases have the potential to shape market trends and create trading opportunities. Stay vigilant, stay informed, and may your trading endeavors be met with success.
