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• The Week Ahead: 4th – 8th April 2022

The Week Ahead: 4th – 8th April 2022

Overview for the Week Ahead

There seems to be a positive shift in risk sentiment at the start of the week as investors, once again, turn optimistic about a diplomatic solution to the Russia-Ukraine conflict. If the rumours are true and there is indeed a potential peace agreement ready to be discussed.

Euro-zone inflation surged to a record 7.5% in March from a year ago as Russia’s war in Ukraine further boosted already soaring energy costs.

While that’ll cost consumers about 230 billion euros ($254 billion) this year, household savings should help cushion the blow. In the U.S., the Federal Reserve’s preferred inflation gauge rose to a fresh four-decade high, and China’s Covid lockdowns threaten to disrupt supply chains and push up prices even more.

The energy crisis gripping the euro area will inflict an extra bill on consumers equivalent to 1.8% of its gross domestic product, according to analysis by Bloomberg Economics.

The U.S. added close to half a million jobs in March and the unemployment rate fell by more than expected, highlighting a robust labour market that’s likely to support aggressive Fed tightening in the coming months.

The trouble is their destination is uncertain and the terrain may be shifting as they forge forward with higher interest rates.

China’s Covid lockdowns are putting the economy under strain and threatening to disrupt global supply chains, prompting Beijing to call for more contingency plans to deal with the risks. Purchasing managers’ indexes for March showed lockdowns in the technology and trade center Shenzhen and automotive city Changchun cut factory activity in the month. Services have also been hit hard.

Plan your trades carefully!

This Week’s High Impact Events

The times below are GMT +3.

Monday 4^th April

• 12.05 – UK – BoE Gov. Bailey Speaks

Potential instruments to Trade: GBP Crosses. 

• 17.30 – Canada – BOC Business Outlook Survey

Potential instruments to Trade: CAD Crosses. 

Tuesday 5^th April

• 07.30 – Australia – Cash Rate & RBA Rate Statement

Potential instruments to Trade: AUD Crosses. 

• 17.00 – US – ISM Services PMI

Potential instruments to Trade: USD Crosses. 

• 17.05 – US – FOMC Member Brainard Speaks

Potential instruments to Trade: USD Crosses. 

Wednesday 6^th April

• 17.00 – Canada – Ivey PMI

Potential instruments to Trade: CAD Crosses. 

• 17.30 – US – Crude Oil Inventories

Potential instruments to Trade: USD & CAD Crosses. 

• 21.00 – US – FOMC Meeting Minutes

Potential instruments to Trade: USD Crosses. 

Thursday 7^th April

• 15.30 – US – Unemployment Claims

Potential instruments to Trade: CAD Crosses. 

• 16.00 – US – FOMC Member Bullard Speaks

Potential instruments to Trade: USD Crosses. 

Friday 8^th April

• 15.30 – Canada – Employment Change & Unemployment Rate

Potential instruments to Trade: CAD Crosses. 

For more information – https://errante.net/economic-calendar/

If you have any questions, please email our Education Centre.

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