Important Events This Week Apr 28-May 2 2014

FX Strategy Articles > FX Trading Tips

Expect this week to be extra busy as there are very important events happening in the United States, United Kingdom, Europe, and Japan. In addition, expect currencies in these countries and regions to be extra volatile during those events.

Event:GDP (QoQ/YoY, Q1) – United Kingdom

Date:April 29, 2014

Time:8:30am (GMT)

What It Is About and Why It’s Important

The UK’s Gross Domestic Product (GDP) is expected to be slightly higher during the first quarter of this year. It’s expected to be at 3.2% in a 12-month period (up from the previous 2.7%), and at 0.9% on a quarterly basis (up from the previous 0.7%).

Event:CPI/Harmonised CPI (MoM/YoY, April) – Germany

Date:April 29, 2014

Time:12:00pm (GMT)

What It Is About and Why It’s Important

Germany’s CPI and Harmonised CPI are expected to be a mixed bag, with 12-month trends up, while monthly movements are seen to go down. Expected YoY CPI in April is at 1.4% (previously 1.0%), while the YoY Harmonised CPI is at 1.3% (previously 0.9%). The monthly changes are expected to be lower at -0.1%, down from 0.3%, both for the CPI and the harmonised CPI.

Event:BoJ Interest Rate Decision – Japan

Date:April 30, 2014

Time:3:00am (GMT)

What It Is About and Why It’s Important

The Bank of Japan (BoJ) is largely expected to keep rates at a steady 0.1%

Event:Unemployment Data – Germany

Date:April 30, 2014

Time:7:55am (GMT)

What It Is About and Why It’s Important

Germany’s Unemployment Rate is seen to stay at 6.7%, while unemployment change is expected to be -10K in April (previously -12K)

Event:CPI/Core CPI (YoY, Apr) – European Union

Date:April 30, 2014

Time:9:00am (GMT)

What It Is About and Why It’s Important

The EU’s 12-month CPI is expected to go up to 0.8% (previously 0.5%). Current 12-month Core CPI is at 0.7%.

Event:GDP Price Index/GDP Annualised (Q1) – United States

Date:April 30, 2014

Time:12:30pm (GMT)

What It Is About and Why It’s Important

The US annualised GDP is seen to be at 1.1% (previously 2.6%), while the GDP Price Index is expected to be at 1.7% (previously 1.6%).


Event:Fed Interest Rate Decision – United States

Date:April 30, 2014

Time:6:00pm (GMT)

What It Is About and Why It’s Important

The US is expected to keep its interest rate at 0.25%. The Fed will also have a statement on its QE program, although its expected to remain at its current pace.


Event:ISM Manufacturing PMI (April) – United States

Date:May 1, 2014

Time:2:00pm (GMT)

What It Is About and Why It’s Important

The US ISM Manufacturing PMI in April is expected to be slightly higher at 54.0, compared to the previous 53.7.


Event:Nonfarm Payrolls/Employment Data (April) – United States

Date:May 2, 2014

Time:12:30pm (GMT)

What It Is About and Why It’s Important

With the release of the US NFP data, expect the greenback to be volatile during the event. The NFP is expected to be at 205K (previously 192K). Aside from that, the US will also release a number of other employment-related data, including April’s unemployment rate, which is expected to drop slightly from 6.7% to 6.6%.

Published on 28th of April 2014
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