Here are some of the important economic data that will be the focus of the market throughout this week.
China Inflation Data (Tuesday 9.30 AM): As the world's second largest economy, China's economic data will be watched where it will also influence the global market. The consumer inflation rate will be given attention for the March reading.
US Inflation Data (Wednesday 8.30pm): After employment data was evaluated last week, this week the focus will be on the US consumer price index (CPI) data for an initial picture of the market ahead of the FOMC meeting in early May.
Central Bank of Canada Policy Meeting (Wednesday 10:00 PM): Like the previous meeting, the results of the April meeting also remain expecting the Bank of Canada (BOC) to keep interest rates unchanged at 4.50%.
Minutes of the FOMC Meeting (Thursday 2.00 AM): Will influence the movement of the USD currency, investors will review the details of the previous FOMC meeting through the minutes to be published.
Australian Employment Data (Thursday 9.30am): The market will expect the labor sector in Australia to be gloomy with the forecast of job growth for March being lower than previously. Meanwhile, the unemployment rate is expected to increase slightly.
UK GDP data (Thursday 2.00 PM): UK economic growth will be assessed based on the latest Gross Domestic Product (GDP) data to be published this week. The monthly reading is forecast to contract slightly.
US Producer Price Index Data (Thursday 8.30 PM): Changes in the US producer inflation rate (PPI) will also affect consumers and this data is also focused on by the central bank in setting policy.
US Retail Sales Data (Friday 8.30pm): After recording a contraction in the US retail sales rate the previous month, the latest data reading for March is also forecast to decline. A significant difference in the published figures will have a negative impact on the USD.
