Analysis

Forex Economic Calendar

Advance US GDPThursday, 27 April 13:30 BST

We have seen some rather weak economic pointers oflate, although the nonfarm payrolls report still surprised tothe upside. But what about GDP? If we see weakness inthe economy then investors may start betting that the Fedwill not only stop hiking interest rates past May, but soonit may even start loosening monetary policy again.What to watch:USD, wall street

US Core PCE Price Index T
Friday, 28 April 13:30 BS

US CPI cooled to 5% annual rate, which was more thanexpected. There's been more signs of inflation heading lower.Yet the hawks at the FOMC camp want to see more evidencebefore pausing rate hikes. The Core PCE Price Index is theFed's favorite measure of inflation. So, a weaker print couldsend dolar plunging.What to watch: USD, Gold

BOJ monetary policy decisionFriday, 28 April 04:00 BST

This will be the first policy meeting under the leadership of the new Bank of Japan Governor, Kazuo Ueda. Given that Ueda has already mentioned that he will continue with the BOJ's current policy stance, the yen has weakened across the board. But be mindful of any potential surprises with regards to the BOJ's yield curve control(YCC) settings. What to watch:JPY, Japan 225

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