CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

April 2024 EVENTS - 28/03/2024

Micro Analysis

28 March, 2024

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

April 2024 EVENTS

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

March’s ISM Manufacturing PMI previous print was 47.8. The number was lower than the expected 49.5.

Possible influence: Volatile US Dollar, Gold and US Stocks

  • OPEC+ Joint Ministerial Monitoring Committee (JMMC) (April 3)

OPEC+ members (including Russia) will meet and are expected to make no major changes to the current deal. In March the cartel extended current production cuts until the end of June.

Possible Influence: Volatile Crude oil

  • U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (March) (April 5th at 13:30 GMT+1)

The previous month had unemployment at 3.9%. Nonfarm Payrolls for the previous month printed 275,000.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Bank of Canada Meeting (April 10th at 14:45 GMT+1)

The Bank of Canada will meet to set interest rates. They are currently 5%. The forecast is that the rate will remain unchanged. Current expectations are that a rate cut in June is more likely.

Possible Influence: Volatile Canadian Dollar and Canadian Stocks

  • US Inflation data (March) (April 10th at 13:30 GMT+1)

Core CPI (excluding food and energy) was 3.8%, Year-over-Year in February. Top-line CPI for February came in at 3.2%, above the expected 3.1%.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • European Central Bank Meeting (April 11th at 13:15 GMT+1)

The European Central Bank will meet to discuss interest rates. Rates are currently at 4.5% and may remain at this level this month. An interest rate cut is more likely to occur in June, analysts say.

Possible Influence: Volatile Euro and European Stocks

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

Retail Sales grew by 0.6%, Month-over-Month, in February, which was slightly lower than expected by the market.

Possible Influence: Volatile US Dollar, Gold and US Stocks

  • Bank of Japan Meeting (April 26th at 03:00 GMT+1)

The Bank of Japan will meet to set its interest rates. Last month the bank increased rates by 0.10%, the first increase since 2016. No change is expected this month.

Possible Influence: Volatile Japanese Yen

  • Company Q1 Earnings Season (April)

The 1st Quarter earnings season kicks off in April with big banks being the first to declare their results with some of the world’s largest companies following on.

JP Morgan and Citigroup will post results on April 12th. On April 16th Bank of America and Goldman Sachs are expected to reveal their results. Tesla is expected to post its results on April 17th, Netflix is due to declare on April 18th, Microsoft should post on April 23rd. Facebook is expected to declare on April 24th with Apple expected on April 25th, while AMD is scheduled to announce results on April 30th.

Possible Influence: Volatile US Stocks

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