CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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. 79% 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. 79% 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.

Economic calendar: FOMC minutes, Biden's speech

07:39 7 April 2021
  • European markets seen opening flat or slightly higher

  • FOMC minutes to be released in the evening

  • Biden will speak on infrastructure deal

Futures markets point to a flat or slightly higher opening of today's cash session for most European indices. Moods during the Asian session were mixed and the situation on the FX market has been somewhat muted. 

It looks like investors are waiting for the FOMC minutes release scheduled for today's evening. Markets would want to see whether there was at least some discussion about faster policy tightening amid improving economic outlook. A point to note is that just 15 minutes ahead of the release, Biden will deliver a speech on his infrastructure deal therefore traders should be aware of a possible pick-up in volatility around 6:45 pm BST.

Apart from that, investors will be served a range of revised services PMIs from Europe as well as the DOE report on oil inventories.

8:15 am BST - Spain, services PMI for March. Expected: 46.8. Previous: 43.1

8:45 am BST - Italy, services PMI for March. Expected: 49.1. Previous: 48.8

8:50 am BST- France, services PMI for March (final). First release: 47.8

8:55 am BST - Germany, services PMI for March (final). First release: 50.8

9:00 am BST - Euro area, services PMI for March (final). First release: 48.8

9:30 am BST - UK, services PMI for March (final). First release: 56.8

1:30 pm BST - US, trade balance for February. Expected: -$70.5 billion. Previous: -$68.2 billion

3:30 pm BST - DOE report on oil inventories

  • Oil inventories. Expected: -1.3 mb

  • Gasoline inventories. Expected: +0.1 mb

  • Distillate inventories. Expected: +0.5 mb

6:45 pm BST - Biden speaks on infrastructure deal

7:00 pm BST - FOMC minutes

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back