This week, the financial markets are awaiting many important forex news, represented by the Federal Reserve’s meeting, scheduled to be held next Tuesday, to know any indications about the future of monetary policy and the gradual raising of US interest rates during this year, and investors will also focus on the new jobs report in the non-agricultural sector. In the United States, the focus will also be on the results of the profits of major international companies, led by the giant technology company “Apple”, and in Europe, global markets are awaiting with great interest the monthly inflation data in order to re-evaluate how quickly the European Central Bank began to dismantle the asset purchase program, especially After the minutes of the peaceful European Central meeting, which was released last week, Britain will also issue several important reports on the activity of the manufacturing, construction and services sector in the United Kingdom, to measure the extent of its impact on the Bank of England's view of tightening monetary policy during the coming period.
Here are the details of the most important forex news this week:
First: The meeting of the Monetary Policy Committee of the Federal Reserve Bank
It is scheduled at 2:00 pm Eastern time (18:00 GMT) on Wednesday that the US Federal Reserve will announce the benchmark interest rate, in addition to publishing a statement on policies that determine economic conditions and the factors that will To influence the monetary policy decision, experts' expectations indicated that no changes in monetary policy will be made, while maintaining the interest rate to remain at the range of 1.5% to 1.75%.
The majority of economists believe that the Federal Reserve will raise interest rates at its next meeting in June, followed by another increase in September, with expectations of a third increase at the last meeting of this year during next December.
Second: The report on new jobs in the non-agricultural sector in the United States
The US Department of Labor will release a report on non-farm payrolls at 08:30 ET (12:30 GMT) on Friday, and the data is expected to show a job growth of 185 thousand after an increase of 103 thousand in March. In the past, the unemployment rate is expected to decline to 4.0 % from 4.1 %, while average hourly earnings are expected to rise by 0.2% after rising by 0.3% during the previous month, and on an annual basis, wages are expected to rise by 2.7%, which is The same increase recorded in the month of March.
In addition to the employment report, the calendar for this week also includes many important data in the United States on personal income and spending, labor costs, consumer confidence, job data in the private sector, auto sales, construction spending and trade numbers, as well as factory orders.
Third: Announcing the results of the profits of major international companies
On Wall Street, more than a fifth of the Standard & Poor's 500 companies will report earnings, with most of the focus falling on tech giant Apple after Tuesday's closing bell.
Shares of the iPhone maker have fallen in recent weeks on growing concerns about slowing phone sales, and are now down more than 4 % for the year, and more than 10 % from all-time highs.
On the other hand, McDonald's and Louise will announce earnings later on Monday, Merck, Pfizer and Snap on Tuesday, Tesla, Square, Spotify and MasterCard on Wednesday, along with CBS and Blue Apron on Thursday, and Alibaba on Friday. In addition to many major international companies who will release their earnings reports.
Fourth: Issuing preliminary data on inflation levels in the eurozone
The euro zone will release its preliminary data on inflation levels in the region during the month of April at 9:00 GMT (5:00 am ET) on Thursday, which is supposed to provide support for the European Central Bank's decisions not to rush to withdraw Stimulus, it is worth noting that the majority of expectations indicated that the report will show that consumer prices rose by 1.3 % in the month of April, after rising at a similar rate during last March.
Besides inflation data, the euro zone is to release early first-quarter GDP data later on Wednesday, which is expected to confirm that growth in the single currency bloc has slowed since the start of the year.
Fifth: The issuance of the PMI reading in the United Kingdom
At 08:30 GMT (4:30 a.m. ET) on Tuesday, the UK is due to publish readings on the country's manufacturing sector activity during the month of April, followed by a report on the construction sector on Wednesday and the services sector on Thursday.
Economists had expected the manufacturing PMI to decline to 54.9 from 55.1 the previous month, and construction activity was expected to rise to 50.9 from 47.0, while Britain's giant services survey was expected to advance to 53.3 from 51.7.
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