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April 2021 EVENTS - 01/04/2021

Micro Analysis

01 April, 2021

For General Information only. Not Intended to Provide Trading or Investment Advice. Your Capital is at Risk.

  • OPEC and OPEC+ Meeting (March 31st and April 1st, tentative)

OPEC will discuss whether to restore up to 500,000 bpd of production from May and Saudi Arabia will make a decision on whether to continue its current output cut of 1 million bpd.

Possible Influence: Volatile Brent and Crude Oil (WTI) prices

  • US EARNINGS SEASON (April, 2021)

Earnings season is starting its cycle again. Some of the notable quarterly earnings to be posted in April include many major banks such as J.P. Morgan, Netflix, Facebook, American Airlines, Google, Microsoft, Amazon, and Tesla.

Possible Influence: US Stocks and Indices

  • US ISM Manufacturing PMI (March) (April 1st at 15:00 GMT+1)

February’s PMI printed at 60.8. The consensus forecast for March is 61.3.

  • U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (March) (April 2nd at 13:30 GMT+1)

The Unemployment rate for February was 6.2%. It is expected to fall to 6.0% in March. Non-Farm Payrolls are expected to print up 639,000 for March, up from a rise of 379,000 in February.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • The Reserve Bank of Australia Meeting (April 6th at 5:30 GMT+1)

Current rates in Australia are 0.10%. The bank is expected to leave rates unchanged.

Possible Influence: Volatile AUDUSD

  • Inflation data in US (Feb) (April 13th at 13:30 GMT+1)

Core CPI (excluding food and energy) was 1.3%, Month-over-Month in February. CPI for February was 0.4%, Month-over-Month.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Retail Sales in US (March) (April 15th at 13:30 GMT+1)

Retail Sales fell 3.0%, Month-over-Month, in February.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Bank of Canada Meeting (April 21st at 16:00 GMT+1)

The current rate is 0.25% and is expected to remain the same.

Possible Influence: Volatile USDCAD

  • European Central Bank Interest Rate Decision (April 22nd at 13:45 GMT+1)

ECB set to meet to discuss interest rates. No change in deposit rate expected currently at -0.50%.

Possible Influence: Volatile Euro

  • Bank of Japan Meeting (April 28th at 00:30 GMT+1)

Current rates are -0.10%. The BoJ is expected to leave rates unchanged.

Possible Influence: Volatile USDJPY

  • US Federal Reserve Interest Rate Decision (April 28th at 19:00 GMT+1)

The Fed meets to discuss interest rates which are expected to remain at current levels of 0.25%, but investors will be watching out for talk about future rate movements or news about Fed activities to calm the bond markets

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • US GDP Growth Rate 1st Quarter (April 29th at 13:30 GMT+1)

The United States will post its 1st Quarter of 2021 GDP results. The 4th Quarter of 2020 saw GDP rise 4.3%, Quarter-over-Quarter.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • US Personal Spending (April 30th at 13:30 GMT+1)

Personal Spending for February fell 1.0%, Month-over-Month.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • U.S. Stimulus (April)

The United States Congress passed the $1.9 trillion America Rescue Plan in March and it was signed by President Biden and enacted into law. It is expected that a $3 trillion infrastructure bill will be proposed in April, although it will face serious political headwinds to get it passed.

Possible Influence: Volatile US Stocks and Indices, Global Stocks and Indices, Commodities, Currencies

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