Next week will be a bit shorter for traders as the majority of developed markets will be closed on Friday in observance of the Good Friday holiday. However, there are plenty of top-tier releases scheduled in the first half of the week to keep markets moving as investors will be offered rate decisions from BoC, ECB and CBRT as well as CPI and retail sales data from the United States. Last but not least, Wall Street Q1 2022 earnings season begins next week. Be sure to watch US500, USDCAD and EURTRY next week.
US500
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appWall Street earnings season for Q1 2022 is set to begin next week with releases from major US financial institutions. Investors will be offered reports from BlackRock and JPMorgan on Wednesday, April 13 while reports from Citigroup, Morgan Stanley, Goldman Sachs and Wells Fargo will be released on Thursday, April 14. All of those reports will be released ahead of the US session open. Financial situation of banks often reflects the situation of the overall economy and therefore earnings from the banking sector may be an important driver for US500 and other US indices.
USDCAD
While the beginning of the earnings season is a key theme of the week for stock investors, FX traders will also get some action. US CPI inflation report for March will be released Tuesday at 1:30 pm BST and is expected to show price growth accelerating beyond 8%. Bank of Canada is expected to deliver a 50 basis point rate hike on Wednesday, 3:00 pm BST. Last but not least, the US retail sales report for March will be released on Thursday at 1:30 pm BST. Each of these events is considered to be a market-moving one therefore traders should keep on guard while trading USDCAD this week.
EURTRY
Bank of Canada is not the only central bank expected to announce a monetary policy decision this week. Two more decisions will be announced on Thursday - CBRT (12:00 pm BST) and ECB (12:45 pm BST). Unlike BoC, neither of those two is expected to change the level of interest rates. However, there is scope for a surprise, especially in the case of the Turkish decision as annual inflation in the country exceeds 50% already! In case of ECB, investors will look for hints on timing of rate hikes but those are not expected to come soon.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
