April 14, 2024
5 min read
Weekly Forex Financial News Review [2024-04-13]
A weekly review of the top financial news and market trends in the past week.
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Trending Headlines

Headlines Sentiment: ๐ŸŸข Positive | ๐Ÿ”ด Negative | ๐ŸŸก Neutral

Friday | Apr 12, 2024

  • ๐ŸŸข U.S. export price index for March meets market forecasts, with a monthly increase of 0.3%.
  • ๐ŸŸข Boston Federal Reserve (Fed) President Susan Collins hints at potential two rate cuts over the course of 2024.
  • ๐ŸŸข UK economy shows signs of improvement with NIESR GDP Estimate rising to 0.4% in March, up from stagnant growth previously.
  • ๐Ÿ”ด Italian Industrial Sales fell by 3.6% year-over-year in January, marking a decrease from the previous -0.1%.
  • ๐Ÿ”ด China's year-on-year exports in CNY experienced a decrease from the previous month, dropping to -3.8% in March.
  • ๐ŸŸข Spain's consumer prices rose by 1.4% in March, surpassing the expected 1.3% increase.
  • ๐ŸŸข Germany's Consumer Price Index for March aligns with the forecasted 0.4% increase.
  • ๐ŸŸข Surprise improvement in United Kingdom Industrial Production surpasses forecasts in February.

Thursday | Apr 11, 2024

  • ๐Ÿ”ด New Zealand's economic outlook takes a hit as PMI drops to 47.1 in March from a previous 49.3.
  • ๐Ÿ”ด ECB Maintains Rates in April, Hinting at Possible June Cut Amidst Divergence in Monetary Policies Between Eurozone and US.
  • ๐ŸŸข US Initial Jobless Claims for the week ending April 5 beat expectations, coming in at 211K compared to the forecasted 215K.
  • ๐Ÿ”ด Ireland's Harmonized Index of Consumer Prices drops to 0.3% month-on-month in March, falling from the earlier 1.1%.

Wednesday | Apr 10, 2024

  • ๐Ÿ”ด Japanese Yen's sharp drop below the 152 mark against the Dollar has sparked speculation about potential currency intervention. Yet, statements from key officials indicate a cautious approach is being contemplated for now.
  • ๐Ÿ”ด China's Consumer Price Index (YoY) for March falls short of expectations at 0.1%, lower than the forecasted 0.4%.
  • ๐Ÿ”ด BoC Keeps Overnight Rate Steady at 5.00% in Line with Predictions. Central Bank Notes a Decrease in CPI and Core Inflation in Recent Months.
  • ๐ŸŸข Inflation in the United States shows a slight uptick as the Consumer Price Index Core s.a. increases to 316.69 in March from 315.57 previously.
  • ๐ŸŸข Analyzing March CPI Data Crucial for Federal Reserve Policy, Predicts 0.3% Increase in Prices, Revealing Intricate Inflation Patterns.
  • ๐ŸŸข RBNZ Maintains Interest Rates in Line with Market Expectations. New Zealand's Response Under Scrutiny.

Tuesday | Apr 09, 2024

  • ๐ŸŸข Japanese Producer Price Index for March meets expectations at 0.8% YoY.
  • ๐Ÿ”ด Pound encounters resistance near 1.2700, retreats as traders reduce short USD positions before US inflation data. Pair maintains slight bullish stance for the second straight day.
  • ๐ŸŸก US Dollar Index (DXY) holds steady at 104.12, showing little movement. Investors wait calmly for the upcoming release of March's US Consumer Price Index (CPI) data on Wednesday.
  • ๐ŸŸข BoJ Governor Kazuo Ueda hints at potential tapering of monetary stimulus in the future, tied to economic and price conditions meeting expectations.

Monday | Apr 08, 2024

  • ๐ŸŸข Australian National Australia Bank reports a slight increase in business confidence, with a score of 1 for March compared to 0 previously.
  • ๐Ÿ”ด New Zealand's business sentiment takes a nosedive in Q1, with a significant drop in the NZIER business confidence index from -9.9 to -23.7. Firms also anticipate a downturn in trading activity for the upcoming quarter and report a decline in trading performance over the past three months.
  • ๐ŸŸข Yellen emphasizes economic policy adjustments, strong U.S.-China relations, and crackdown on illicit financial activities in China visit, while striving to maintain equilibrium between trade and environmental sustainability.
  • ๐ŸŸข Germany's industrial production exceeded expectations in February, marking a positive growth of 2.1% compared to the projected 0.3%.

General Financial News Sentiment

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Top Mentioned Currency Pairs

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