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
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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.
