The Week Ahead

Tuesday, April 21st at 1:30 GMT

Aussie Employment change

The Reserve Bank of Australia is pretty much done with its monetary policy, and this was the message during their recent interest rate meeting. The bank kept the interest rate at 0.25% and made no changes to its monetary policy.

It is widely expected that the bank is going to use its words than action in its future meeting in order to tame the markets.Moreover, the RBA is going to pay close attention to economic numbers and the ongoing Coronavirus situation.

The pandemic is decreasing, and this is a positive sign for the country. The recent trade balance data for the country has printed a positive number as well, and the MI inflation gauge has jumped from -0.1% to 0.2%-- a positive development.How will traders react to the Aussie monetary policy minutes?

Wednesday, April 22nd at 6:00 GMT


The UK has extended its lockdown, and only necessary travel is allowed. Schools, shops and all other businesses are still closed, and the public is under the strict measure.

The longer the country remains in lockdown, the bigger the influence will be on the US GDP data.However, Boris Johnson, UK's prime minister, is back in the office from his illness and he is busy drawing up the exit strategy from the lockdown.

The big question is how bad the economic numbers are going to be while the lockdown remains in place?How will the CPI number influence the Sterling?

Thursday, April 23rd at 7:30 GMT

German Flash Manufacturing PMI

Germany is the biggest economy of the eurozone, and investors are going to keep a close eye on every single data point.

The country has managed the Coronavirus much better compared to other countries and has passed the peak of the bell curve. In short, the coronavirus situation has improved, and this means the economic activity is likely to restart as well.

The German government is determined to bring life back to normality and is eager to open the economy. Surely, this will help the business climate in the country.The German flash manufacturing PMI data will give us some indication of the above.How will the German manufacturing PMI impact the Euro?



by WooHoo Ireland


Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram