• Inflation for UK, EA and NZ
  • UK and Aussie jobs data
  • US and UK Retail sales

In the markets this week US Retail sales, China GDP and UK inflation are the key data risk events scheduled.

On the other side, Global traders are concerned about Geopolitical risk as over weekend developments have raised the risk of sentiment again. Trade wars and renewed geopolitical concerns are forcing investors to park the money in the safe haven camp (JPY and Gold).

In the US next week, most significant data release is Monday’s March Retail sales. The Commerce Department will publish the March data at 1.30pm GMT. The market consensus will show stronger March Retail sales by 0.4% from February -0.1%.

Turning to EA, German ZEW Economic Sentiment and final March CPI are the significant risk events grab the attention. EA March inflation expects at 1.4% on a YoY basis and core inflation expected to be at 1.0%.

In the UK, February jobs data and March inflation to provide clues on a May rate hike. We are particularly watching the wage growth to accelerate to 3.0% on Yoy.

In Canada, inflation, retail sales, and BOC policy settings are likely to raise the loonie volatility than usual. We expect BOC unlikely to hike this week, whereas May hike could be expected.

Turning to Asia, China Q1 GDP is the major risk event scheduled at 3.00am GMT.  We expect the Chinese economy will grow by 6.8% yoy basis. Other data RBA’s March meeting minutes and Aussie jobs data are worth to watch to trade AUDSUD and AUDNZD.

In the Asia-Pacific region, NZ quarterly inflation figures will publish on Wednesday at 11.45pm GMT.

It is important to always keep in mind the risks involved in trading with leveraged instruments.

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