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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Three markets to watch next week (29.04.2022)

16:07 29 April 2022

A new month will soon began so the time has come for the release of US and Canadian jobs data. However, before that happens investors will be offered rate decisions from three major central banks - Fed, BoE and RBA - and all three are expected to increase rates! Be sure to watch US100, USDCAD and GBPAUD next week!

US100

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Time has come for the next FOMC monetary policy decision. Decision and policy statement will be announced on Wednesday, 7:00 pm BST and the market expects not only a 50 basis point rate hike but also a decision to begin balance sheet reduction. As economists seem divided over the magnitude of incoming rate hike as well as pace of QT, a scope for a surprise remains large. Tech index Nasdaq-100 (US100) will be on watch during the release with more hawkish than expected Fed being a big potential risk.

USDCAD

The FOMC decision is a key macro event of the week but there are plenty of other top-tier reports scheduled for release. April's jobs reports from the United States and Canada will be released on Friday at 1:30 pm BST. US ISM indices for April will also be released this week with manufacturing print coming on Monday, 3:00 pm BST and services reading on Wednesday, 3:00 pm BST. Busy calendar during the week is likely to keep USDCAD moving and may help the pair snap a 9-month sideways move.

GBPAUD

While the FOMC decision is a key point of the week, investors will also be offered rate decisions from 2 other major central banks - Reserve Bank of Australia (Tuesday, 5:30 am BST) and Bank of England (Thursday, 12:00 pm BST). RBA is expected to deliver a 15 basis point rate hike - the first rate increase since 2010. A move is also expected from BoE - a 25 basis point rate hike to 1.00%. GBPAUD has recently recovered from a 50-month low but recovery move stalled near 1.7750.

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 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. XTB 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.

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