The week ahead 15.04.2019
Bit of a strange week this week as all the interesting data is packed into 3 days, with the Good Friday holiday that covers Australia/NZ, Europe, South America and much of Africa removing many market participants, and thereby likely to affect liquidity. Monday starts off clear also so the real action starts Tuesday with RBA minutes straight out the gate at 01:30 GMT. UK Average Earnings and Unemployment data both follow at 08:30, where a slight rise in unemployment is anticipated. US Industrial Production is out at 13:15 where a slight rise (0.3) is also in focus. New Zealand CPI follows at 22:45. Last one in a busy day is Japanese Trade Balance numbers, released at the curiously odd time of 23:50. Wednesday’s data starts just over 2 hours later with Chinese GDP at 02:00 (0.1% reduction expected) with UK RPI and CPI at 08:30. This is followed by the CPI data for the Eurozone at 09:00 with no change anticipated. Thursday gets underway at 01:30 with Australian employment data and the last EU data of the week with EU PMI figures at 08:00. The US and Canada both release Retail Sales at 12:30 GMT. Although Friday is a widespread holiday the US are still scheduled to publish Housing data at 12:30, with Building Permits and Housing Starts under the microscope.