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 (29/04/2024)
01:00 PM: Euro Area Economic Sentiment
Analysis of economic sentiment indicators in the Euro Area, providing insights into overall economic health and potential impacts on the euro.
04:00 PM: Deutsch Inflation Rate YoY
Assessment of the year-on-year inflation rate in Germany, offering insights into price trends and potential influences on the euro.
Tuesday (30/04/2024)
05:30 AM: Chinese NBS Manufacturing PMI
Monitoring of the Manufacturing Purchasing Managers’ Index (PMI) in China, providing insights into manufacturing sector activity and potential impacts on the Chinese yuan.
09:30 AM: French GDP Growth Rate YoY Prel
Evaluation of the preliminary year-on-year GDP growth rate in France, offering insights into economic performance and potential influences on the euro.
10:45 AM: French Inflation Rate YoY Prel
Analysis of the preliminary year-on-year inflation rate in France, providing insights into price trends and potential influences on the euro.
12:00 PM: Germany GDP Growth Rate YoY Flash
Monitoring of the flash year-on-year GDP growth rate in Germany, offering insights into economic performance and potential impacts on the euro.
12:00 PM: Italian GDP Growth Rate YoY Adv
Assessment of the advance year-on-year GDP growth rate in Italy, providing insights into economic trends and potential influences on the euro.
01:00 PM: Euro Area GDP Growth Rate YoY Flash
Evaluation of the flash year-on-year GDP growth rate in the Euro Area, offering insights into regional economic performance and potential impacts on the euro.
01:00 PM: Euro Area Inflation Rate YoY
Analysis of the year-on-year inflation rate in the Euro Area, influencing perceptions of economic stability and potential impacts on the euro.
Wednesday (01/05/2024)
06:00 PM: US ISM Manufacturing PMI
Assessment of the Manufacturing Purchasing Managers’ Index (PMI) in the US, providing insights into manufacturing sector performance and potential impacts on the US dollar.
06:00 PM: US JOLTs Job Opening
Monitoring of job opening data in the US, offering insights into labor market conditions and potential influences on the US dollar.
10:00 PM: US Fed Interest Rate Decision
Evaluation of the Federal Reserve’s interest rate decision, potentially impacting currency markets and related currency pairs.
10:30 PM: US Fed Press Conference
Pay attention to the Federal Reserve’s press conference for insights into monetary policy discussions and potential impacts on the US dollar.
Thursday (02/05/2024)
05:30 AM: Australian Balance of Trade
Analysis of Australia’s trade balance data, providing insights into export and import levels and potential influences on the Australian dollar.
09:00 AM: Japanese Consumer Confidence
Assessment of consumer confidence in Japan, offering insights into economic sentiment and potential impacts on the Japanese yen.
04:30 PM: Canadian Balance of Trade
Evaluation of Canada’s trade balance data, providing insights into trade dynamics and potential influences on the Canadian dollar.
Friday (03/05/2024)
04:30 PM: US Non-Farm Payrolls
Monitoring of non-farm payroll data in the US, offering insights into labor market dynamics and potential impacts on the US dollar.
04:30 PM: US Unemployment Rate
Assessment of the unemployment rate in the US, providing insights into labor market conditions and potential influences on the US dollar.
06:00 PM: US ISM Service PMI
Analysis of the Service Purchasing Managers’ Index (PMI) in the US, providing insights into service sector performance and potential impacts on the US dollar.
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.
