Investors will focus on forex news this week on Federal Reserve Chair Janet Yellen's statements at the University of Michigan, which is expected to talk about the future of US monetary policy during the coming period, in addition to how the bank prepares to reduce the board's balance sheet, and on the other hand it will be issued This week, a number of reports and American economic data, especially data on inflation rates and retail sales, are also preparing for the season of US corporate earnings reports during the first quarter of this year, and in the United Kingdom, the British economy will announce data on inflation rates and others on the labor sector, which reveals more impact The decision to leave the European Union will affect the British economy, and elsewhere China will publish its reports on inflation rates and other data on trade.
Here are the details of the five major events on the world stage:
1. Looking forward to the statements of the President of the Reserve Bank, “Janet Yellen.”
Among the important forex news is the Federal Reserve Chair Janet Yellen’s presentation today, Monday, at the University of Michigan, and she is expected to comment on the timing of raising interest rates during the coming period. .
So far, the bank has not revealed any details about reducing its balance sheet of bonds and mortgages, but only that it will talk about it later in the year, and the Federal Reserve is expected to hold its next meeting on May 2-3.
2. The US economy will release its data on inflation rates and retail sales for the month of March.
At 08:30 am ET on Friday, the US economy will release its report on the inflation rates represented in the consumer price index for the month of March. Expectations indicate that the index will rise by 0.1%, while on an annual basis, the core consumer price index is expected to rise by about 2.3% The Reserve Bank always relies on the core inflation rate in making its decision to raise interest rates.
On the same day, the Ministry of Commerce will release its data for retail sales for the month of March, and expectations show a decrease in sales by 0.1% compared to the month of February, which recorded 0.1%, as for core retail sales, it is expected to reach 0.2% compared to February, which recorded A rise of about 0.22%.
The rise in retail sales is a good sign of economic growth, while the decline in sales is a sign of a decline in economic growth. In addition to these reports, the producer price index, weekly jobless claims and the University of Michigan consumer confidence index will be announced.
3. The beginning of the corporate earnings season for the first quarter of this year in the United States.
Followers of forex news are awaiting this week the beginning of the release of corporate earnings reports for the first quarter, as major US banks will release their earnings reports, such as JP Morgan City Group and Wells Fargo. energy.
Broadly, expectations indicate that profits will grow this year by about 10.1% compared to last year, which is the best since 2014, and corporate sales are likely to increase by about 7.5%, the best since 2011.
4. The British economy announces its report on inflation rates and other data on the labor sector for the month of March.
At exactly 08:30 GMT on Tuesday, the British economy will reveal its reports on inflation rates represented in the Consumer Price Index, and the index is expected to rise by about 2.3% to remain the same as the previous reading without change.
On the other hand, the monthly jobs report will be announced for the month of March, and expectations show a decline in the number of jobs, and the unemployment rate will be announced, which is expected to settle at 4.7%, as for wages growth, expectations are that it will rise by about 2.22%.
5. China announces trade data and other inflation rates for the month of March.
Next Thursday, the Chinese economy is scheduled to release its report on the trade surplus rate, and expectations are met that the trade surplus will achieve an expansion of $ 10.0 billion during the month of March, compared to February, which recorded a deficit of $ 9.15 billion, as for the rate of exports during the month In March, exports are expected to rise compared to February, which recorded a decline by 1.3%, and imports are expected to rise by 18.0% compared to February, which recorded a rise by 38.11%.
On Wednesday, data on inflation rates for the month of March will be published, which is represented in the consumer price index and the producer price index. Expectations indicate an increase in the consumer price index by about 1.0% and a rise in the producer price index by about 7.66%.
The Chinese economy grew by 6.8% during the fourth quarter of last year, supported by higher government spending and record bank lending.
A professional technical and economic analyst in global financial markets since 2004. He holds a Master’s in Business Administration from the American University in Cairo. He works as an economic writer and technical analyst for many international financial companies. He writes daily economic and technical analyzes for many Arabic and English websites specialized in the field of stock exchanges and financial markets.
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