Today’s economic calendar is exceptionally light, even for a Monday. We are just ahead of a release of the Swiss Producer Price Index for March, which will likely add some volatility to USDCHF, heavily pressured by the current haunt for safe haven currency in the face of the dollar's credibility crisis. On top of that, we will hear from Fed representatives later today and receive RBA minutes overnight.
Economic Calendar for Today:
04:30 AM GMT, Japan - Capacity Utilization for February:
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actual -1.1% MoM; previous 4.5% MoM;
04:30 AM GMT, Japan - Industrial Production for February:
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Industrial Production: actual 2.3% MoM; forecast 2.5% MoM; previous -1.1% MoM;
06:30 AM GMT, Switzerland - Inflation Data for March:
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PPI: previous -0.1% YoY;
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PPI: forecast 0.2% MoM; previous 0.3% MoM;
11:00 AM GMT, United States - OPEC Monthly Report
12:30 PM GMT, Canada - New Motor Vehicle Sales for February:
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previous 121.6K MoM;
12:30 PM GMT, Canada - Wholesale Sales for February:
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forecast 0.4% MoM; previous 1.2% MoM;
03:00 PM GMT, United States - NY Fed 1-Year Consumer Inflation Expectations for March:
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previous 3.1%;
05:00 PM GMT, United States - Fed Waller Speaks
10:00 PM GMT, United States - FOMC Member Harker Speaks
11:01 PM GMT, United Kingdom - Retail Sales Data for March:
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BRC Retail Sales Monitor: forecast 0.7% YoY; previous 0.9% YoY;
11:40 PM GMT, United States - FOMC Member Bostic Speaks
01:30 AM GMT, Australia - RBA Meeting Minutes
Fed Chair Kevin Warsh’s Q&A from Congress Testimony: Inflation stability is a key
Dollar sells-off following first US price drop in six years
Warsh's Address to Congress: Zero Tolerance for Inflation, But No Change in Interest Rates?
BREAKING: US CPI data much lower than expected 📈 EURUSD gains