Important Events This Week Apr 21-25 2014

­There will be few significant events this week, coming from Australia, New Zealand, the UK, US, and Japan. We’ll fill you in with the details below:

Event:CPI, RBA Trimmed Mean CPI (QoQ/YoY, Q1) – Australia

Date:April 23, 2014

Time:1:30am (GMT)

What It Is About and Why It’s Important

Australia kicks off the early morning of Wednesday by releasing a number of CPI-related data. It’s expected to be a mixed bag, with the YoY CPI seen to go up by 3.2% compared to the previous 2.7%, while the QoQ CPI is expected to be at 0.8% as with the previous quarter. Meanwhile, the QoQ RBA Trimmed Mean CPI is seen to go up by 0.7%, but lower than the previous 0.9%. Then finally, the YoY Trimmed Mean CPI is expected to be at 2.9% compared to the previous 2.6%.

Event:BoE Minutes – United Kingdom

Date:April 23, 2014

Time:8:30am (GMT)

What It Is About and Why It’s Important

Expect some volatility around the time of the release of the BoE’s minutes, which will also reveal the how each member voted in the previous meeting.

Event:RBNZ Interest Rate Decision – New Zealand

Date:April 23, 2014

Time:8:00pm (GMT)

What It Is About and Why It’s Important

The market expects the RBNZ to begin its rate hike on Thursday, from the current 2.75% to 3.00%.

Event:ECB President Draghi’s Speech – European Union

Date:April 24, 2014

Time:10:00am (GMT)

What It Is About and Why It’s Important

Expect this event to cause some volatility in the market as always. Of course, any hint of dovishness from Mr Draghi will almost certainly cause the euro to be weaker.

Event:Durable Goods Orders/Ex Transportation (Mar) – United States

Date:April 24, 2014

Time:12:30pm (GMT)

What It Is About and Why It’s Important

The US Durable Goods Orders are expected to be lower in March at 2.0% from the previous 2.2%. But with Transportation excluded, the number is slightly higher 0.6% compared to the previous 0.2%.

Event:CPI Data (YoY, Mar) – Japan

Date:April 24, 2014

Time:11:30pm (GMT)

What It Is About and Why It’s Important

Japan will conclude the week by releasing a number of CPI-related data, including its National CPI and the Tokyo CPI. The CPI except fresh food is seen to go up by 1.4%, which is slightly higher than the previous 1.3% growth. Meanwhile, the Tokyo CPI except fresh food is expected to go up by 2.8%, higher than the previous 1.0%.