After the Easter holiday, traders will return to a week full with Retail Sales, inflation and housing data from all over the world. Let’s see what’s up this week:
Monday, April 13th: Most of the world still celebrates Easter, so there are only few indicators: Japan’s Corporate Goods Price Index (CGPI) is expected to fall by 1.7%. In Canada, BOC Business Outlook Survey will shed some light on the economy.
In New Zealand, Retail Sales are expected to fall by 0.5%, after dropping by 1.1% last month.
Tuesday, April 14th: American Retail Sales (and Core Retail Sales) are in the limelight. Both are expected to be almost unchanged, slightly rising. PPI is also expected to show 0% change. Also notable is a speech by Ben Bernanke.
Wednesday, April 15th: Japanese Revised Industrial Production is a major release at the beginning of the day, expected to plunge by 9.4%.
In the US, CPI and Core CPI are expected to stay almost unchanged. TIC Long-Term Purchases is expected to turn positive, and show an inflow of dollars into America.
Also notable are the Empire State Manufacturing Index, Capacity Utilization Rate and Industrial Production.
Thursday, April 16th: Swiss PPI is expected to show a decline in prices, while European CPI (and Core CPI) are expected to show a very slow rise in prices. In Europe, also note the falling Industrial Production and Manufacturing Sales.
In the US, Building Permits are expected to stay sound at 0.55K, but since American housing is off the bottom, a positive surprise can occur. Also note the related Housing Starts. Unemployment Claims are expected to show 659K.
In New Zealand, quarterly CPI is expected to turn positive, and show a rise of 0.3%.
Friday, April 17th: Japanese Tertiary Industry Activity, an important gauge for the Japanese economy, is expected to fall by 0.7%.
In Switzerland, Retail Sales are expected to drop by 0.2% after rising last time. The Swissy will also be moved by the SNB Governing Board Chairman Jean-Pierre Roth. European Trade Balance is expected to show a deficit of 3.4B.
Canadian CPI and Core CPI are expected to be slightly positive. In the US, Prelim UoM Consumer Sentiment is predicted to be on the rise, at 58.3 points. Near the end of the day, the Fed’s Ben Bernanke will speak again.
There are also some speeches on Saturday, April 18th: Jean-Claude Trichet will talk in Japan. In the US, FOMC members Donald Kohn, William Dudley and Dennis Lockhart will all speak at a conference at Financial Markets and Financial Policy, in Nashville.
Happy Forex Trading!