Expect this week to be fairly laid back as there are only a few events of note to check out. Nevertheless, find out what’s going to happen in the coming days in the list below:
Event:Consumer Price Index (MoM/YoY, Mar) – Switzerland
Date:April 7, 2014
Time:7:15am (GMT)
What It Is About and Why It’s Important
Switzerland’s CPI is expected to drop a further 0.1% over the past 12 months, although it’s seen to rise by 0.2% compared to the previous month.
Event:BoJ Interest Rate Decision/Monetary Policy Statement – Japan
Date:April 8, 2014
Time:3:00am (GMT)
What It Is About and Why It’s Important
Japan’s interest rate is currently at 0.1%. There are no indicators, however, whether or not this will change in Tuesday’s event. Expect a lot of volatility in the yen during this period.
Event:FOMC Minutes – United States
Date:April 9, 2014
Time:6:00pm (GMT)
What It Is About and Why It’s Important
This event provides an insight on the opinions of FOMC members regarding the economy and on the Fed’s monetary policy.
Event:Employment Data – Australia
Date:April 10, 2014
Time:1:30am (GMT)
What It Is About and Why It’s Important
RBA Governor Glenn Stevens mentioned in previous monetary policy statements that they expect unemployment in Australia to grow in the medium term due to its weakening mining industry. This report might reflect that as the country’s unemployment rate is expected go a notch up to 6.1% compared to the previous 6.0%.
Event:BoE Interest Rate Decision – United Kingdom
Date:April 10, 2014
Time:11:00am (GMT)
What It Is About and Why It’s Important
The BoE isn’t expected to change rates at the moment, which is at 0.5%. But expect the sterling to be volatile around the time of this event.
Event:BoJ Monetary Policy Meeting Minutes – Japan
Date:April 10, 2014
Time:11:50pm (GMT)
What It Is About and Why It’s Important
To be released early morning in Japan, this will provide an insight on the BoJ’s outlook of the economy and possible fiscal policy for the future.
Event:CPI/PPI (MoM/YoY, Mar) – China
Date:April 11, 2014
Time:1:30am (GMT)
What It Is About and Why It’s Important
China’s CPI data is expected to be a mixed bag, with its YoY CPI going up by 2.5% (previously 2.0%), while the MoM figure is seen to contract by 0.5% (previously up by 5.0%). Meanwhile, the PPI is seen to perform a bit worse over the past 12 months at -2.2% (previously -2.0%).
Event:CPI data (MoM/YoY, Mar) – Germany
Date:April 11, 2014
Time:6:00am (GMT)
What It Is About and Why It’s Important
Germany’s CPI numbers are all expected to go up slightly, such as its YoY CPI (1.0%) and YoY Harmonised CPI (0.9%).
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