Tag Archives: economic indicators

Top Economic Events and Market Trends for This Week

Top Economic Events and Market Trends for This Week:
As the new trading week unfolds, global markets are bracing for critical economic reports
that could significantly influence currencies, stock indices, and cryptocurrencies.
Major economies, led by the United States and the Eurozone, are set to release pivotal data,
Including inflation figures, GDP growth rates, and labor market updates.
Additionally, traders are closely awaiting the Bank of Japan’s highly anticipated interest rate decision.

On the technical front, essential signals are forming for major currency pairs such as USD/JPY and GBP/USD,
alongside strong movements in Bitcoin and the Nasdaq Index, creating new potential trading opportunities.

Will the current wave of optimism continue to fuel market momentum?
This report covers the most important economic events and technical outlooks to watch this week,
helping traders stay ahead in a rapidly moving market.

Content

Economic Reports

USDJPY 

GBPUSD

Bitcoin

Nasdaq Index

 

Economic Reports

Monday, April 28, 2025

17:30 USA
Dallas Fed Manufacturing Business Index (April)

Tuesday, April 29, 2025

17:00 USA
CB Consumer Confidence Index (April)

17:00 USA
Job Openings and Labor Turnover Survey (JOLTS) (March)

Wednesday, April 30, 2025

11:00 Eurozone
Consumer Price Index (YoY) (April)

12:00 Eurozone
Gross Domestic Product (YoY) (Q1)

15:15 USA
ADP Nonfarm Employment Change (April)

15:30 USA
Gross Domestic Product (Quarterly) (Q1)

17:00 USA
Core Personal Consumption Expenditures (PCE) Price Index (YoY) (March)

17:00 USA
Core PCE Price Index (MoM) (March)

Thursday, May 1, 2025

06:00 Japan
Bank of Japan Interest Rate Decision

17:00 USA
ISM Manufacturing PMI (April)

Friday, May 2, 2025

12:00 Eurozone
Consumer Price Index (YoY) (April)

15:30 USA
Average Hourly Earnings (MoM) (April)

15:30 USA
Nonfarm Payrolls Report (April)

15:30 USA
Unemployment Rate (April)

USDJPY Pair

The USD/JPY pair experienced some gains by the end of last week’s trading,

as market calmness grew amid expectations of reaching new trade agreements regarding tariffs,
Reducing demand for the Japanese yen is traditionally considered a major safe-haven asset.
 The pair is trading around 143.63 after rebounding from the demand zone near 140.00,
suggesting the potential for continued upward movement targeting 145.00 and 147.50 in the medium term.

 

GBPUSD Pair

The GBP/USD pair is trading around 1.3304 after pulling back from the resistance zone at 1.3433.
This follows the recovery of the US dollar at the end of last week.
 This setup supports the downward movement toward the role-reversal zone at 1.3048,
where a renewed upward trend may emerge.

 

 

 

Bitcoin

Bitcoin resumed its upward trend during last week’s trading sessions.
It was driven by growing market optimism.
The US president showed more openness to resolving tariff issues and retreated
from threats to dismiss Federal Reserve Chairman Jerome Powell, positively impacting the crypto market.
 Bitcoin surged to around 94,300, approaching the absorption of the previous bearish wave.
 If it stabilizes above 95,200, the upward move could continue,
targeting the psychological resistance level around 100,000.

 

Nasdaq Index

The Nasdaq Index posted a solid gain of over 1% by the end of last week’s trading,
recovering part of the losses suffered in recent weeks.
 The upward trend will continue if positive news regarding tariff resolutions persists.
 The index closed around 19,432, and provided it remains stable above 19,248, it is projected to continue rising toward 20,288.

 

Top Economic Events and Market Trends for This Week

Major Economic Indicators and Market Trends

Major Economic Indicators and Market Trends: Investors are gearing up for a week with significant economic events expected
to impact global financial markets.
This week’s highlights include trade balance data, price indices, and GDP reports from major economies.
This article delves into the most anticipated data releases and analyzes key market movements,
including the U.S. dollar, oil, EUR/USD, U.S. stock indices, and NVIDIA’s stock performance.

 

Content
Economic Calendar

US Dollar Index

Oil
EURUSD

Nasdaq

Nvidia 

 

 

 

 

Economic Calendar

Monday, January 13, 2025  

Trade Balance (December) – China – 18:39  

Tuesday, January 14, 2025  

Producer Price Index (YoY) (December) – United States – 16:30  

Producer Price Index (MoM) (December) – United States – 16:30  

Wednesday, January 15, 2025

Consumer Price Index (YoY) (December) – United Kingdom – 10:00  

Core Consumer Price Index (Excluding Food and Energy) (MoM) (December) – United States – 16:30  

Consumer Price Index (MoM) (December) – United States – 16:30  

Consumer Price Index (YoY) (December) – United States – 16:30  

Thursday, January 16, 2025

GDP (MoM) (November) – United Kingdom – 10:00  

German Consumer Price Index (MoM) (December)- Germany – 10:00  

Core Retail Sales (MoM) (December) – United States – 16:30  

Unemployment Claims – United States – 16:30  

Retail Sales (MoM) (December) – United States – 16:30  

Friday, January 17, 2025

GDP (YoY) (Q4) – China – 05:00  

Retail Sales (YoY) (December) – China – 05:00  

 

US Dollar Index

The US Dollar Index continues its strong rally, driven by last week’s positive US labor market data.
It showed higher-than-expected job additions and a decline in the % unemployment rate to 4.1%.
This supports the Federal Reserve in slowing the interest rate cuts this year,
pushing the Index to rise to 109.64.
Expectations suggest further increases, targeting levels of 111.

 

Oil

Oil prices maintain a strong upward trend,
supported by expectations of improved global economic growth this year and optimism about the Chinese economy,
which is expected to boost oil demand.
Oil is trading around 76.54, with forecasts pointing to continued gains targeting 78.2.
A corrective wave to retest 76.2 could occur before resuming the uptrend.

 

EURUSD

The EUR/USD pair continues its strong downward trend amid the dollar’s strength and the euro’s weakness.
The pair is trading around 1.0293, rebounding from key support at 1.0218.
This level is expected to prompt a corrective rally to 1.0331.
However, if this support is broken directly, the decline could continue, targeting 1.0150.

 

 

 

 

 

Nasdaq 

The Nasdaq index experienced a downward trend last Friday following the release of positive US labor market data,
supporting the Federal Reserve’s decision to maintain high interest rates for longer.
This has negatively impacted US stock markets.
The Nasdaq reached 20,847 and is expected to continue declining to the next support level of 20,310.
However, if it closes above 20,909, it could initiate an upward wave toward 21,832.

 

Nvidia Stock

Nvidia stock trades around 135.9, reflecting the negative impact of last Friday’s US market decline.
However, investors remain optimistic about the stock in the medium term,
citing the company’s resilience and adaptability.
The stock could find support at 133.77, which may trigger a new upward wave targeting 144 and 152.
If the price breaks below 133.77, the downward trend may extend to the demand zone at 127.33.

 

 

Major Economic Indicators and Market Trends

Major Economic Events and Market Trends to Monitor This Week

Major Economic Events and Market Trends to Monitor This Week: This week will be eventful for traders and investors,

with several important economic indicators and reports scheduled for release.
These events will likely influence market movements from the ISM Non-Manufacturing PMI
in the U.S. to the Reserve Bank of Australia’s interest rate decision and crucial crude oil inventories and trade balance updates.
Additionally, we’ll look at the latest gold and crude oil price trends and analyze key currency pairs like EUR/USD and GBP/USD.
Stay informed to navigate the potential market shifts this week.

 

Content
Economic Calendar
Gold
Oil
EURUSD 
GBPUSD

 

 

Economic Calendar

Monday, August 5, 2024

17:00 USD: ISM Non-Manufacturing PMI (July)

Tuesday, August 6, 2024

 07:30 AUD: Reserve Bank of Australia Interest Rate Decision (August)

Wednesday, August 7, 2024

17:30 USD: Crude Oil Inventories

18:06 CNY: Trade Balance (USD) (July)

Thursday, August 8, 2024

15:30 USD: Initial Jobless Claims

Friday, August 9, 2024

09:00 EUR: German Consumer Price Index (MoM) (July)

 

Gold

Gold surged strongly during last week’s trading, rising about 2.35% after the Federal Reserve kept interest rates unchanged
and Jerome Powell hinted at a possible rate cut.
Additionally, the adverse employment data from last Friday contributed to the rise.
This week is relatively quiet regarding economic data, with the markets awaiting the jobless claims on Thursday.
Technically, gold has reached the support level of 2427 and is expected to retest the resistance levels of 2476-2483.

 

Oil

West Texas Intermediate (WTI) crude oil futures prices fell sharply to $74 per barrel
after harmful U.S. labor market data increased fears of an economic recession.
Technically, prices bounced near the support level of 72.50,
and with the volatility index reaching the overbought area, it allows for a price correction before continuing to fall.
If prices are above the support level, they are expected to rise to 78.25.

 

 

 

 

EURUSD

The EURUSD pair rose by about 0.50% during last week’s trading
after the Federal Reserve kept interest rates unchanged and Jerome Powell hinted at a possible rate cut.
Additionally, negative employment data from last Friday
and positive European consumer price index data supported the rise.
This week is relatively quiet regarding economic data,
with the markets awaiting the jobless claims on Thursday.
Technically, the pair reached the key resistance levels of 1.0900-1.0915,
and if a bearish price behavior forms at these levels,
the pair may head towards 1.0850 as a corrective drop.

 

GBPUSD

The pound stabilized near 1.28 against the U.S. dollar after touching the psychological support level of 1.2700.
Prices have been in an uptrend since last April.
If prices remain above the support level of 1.2780, it is expected to rise again to 1.2945 and then 1.3044.
However, if the support level is broken,
it is likely to fall to the support levels of 1.2700 and then 1.2615.

 

Major Economic Events and Market Trends to Monitor This Week

Weekly Market Outlook

Weekly Market Outlook: This week, key economic indicators and central bank decisions will impact financial markets.
Investors will focus on data from China, the U.S., primary commodities, and movements in Primary currency pairs.
This article outlines the significant events and trends to watch.

 

 

Content

Economic Calendar

Gold

Oil

Dow Jones

GBPUSD
EURUSD

USDJPY

 

 

 

 

 

Economic Calendar

Monday, July 22

CNY: PBoC Prime Lending Rate

Tuesday, July 23, 2024
USD: Existing Home Sales (June)

Wednesday, July 24

USD: Manufacturing PMI (July)
CAD: BoC Interest Rate Decision

USD: Services PMI (July)

Thursday, July 25
USD: GDP (Quarterly) (Q2)

Friday, July 26
USD: Core PCE Price Index (Yearly) (June)

 

Gold

Gold dropped about 0.5% last week after initially rising 3%.
The markets are awaiting the PMI data and GDP figures.
Technically, gold reached support levels of 2393-2387 and is expected to rise again to 2433.

 

WTI Crude Oil

Due to selling pressure and liquidity shortages, WTI crude oil futures fell to around $78 per barrel.
If it holds above the critical support level of $78.25, it could rise to the resistance level of $80.50.
Breaking this resistance could lead to $87.65.
Conversely, if it breaks below the key support, it could continue falling to retest the $72.50 support level.

 

 

 

 

 

US Dow Jones Index

The Dow Jones Index rose about 3.00% last week before falling to close at a 0.5% gain.
The markets are awaiting PMI data and GDP figures.
Technically, the index is near the support levels of 39900-40100 and is expected to rise again to 40800.

 

GBPUSD

The GBP fell to 1.29 against the USD, facing intense selling pressure from the 1.3044 resistance level.
Continued selling pressure suggests a potential test of the 1.2780 support level,
with a break below pushing it to 1.2615. Holding above 1.2900 could lead to a rise to 1.3044 and then 1.3150.

 

EURUSD

The pair fell last week after starting strong.
The markets are awaiting PMI data and US GDP figures.
Technically, it broke the support levels of 1.0895 and the upward trend line, with further declines expected to 1.0850.

 

USDJPY

The USD stabilized around 157 against the JPY but was still under pressure from the 162.00 resistance level.
It broke essential support levels that turned into resistance.
It will likely climb again if it rises above the 158.75 resistance level.
Failing to surpass the resistance could lead to a decline to the 154.60 support level,
and breaking below could push it to the vital support of 152.00.

 

Weekly Market Outlook

Essential News to be Traded This Week

Essential News to be Traded This Week: As we enter the final week of May 2024,
traders should monitor several critical economic announcements expected to influence market movements.
This week brings essential data releases and economic indicators that could impact trading strategies and market sentiment.
Here’s a detailed overview of the key events and their potential effects on various markets.

 

Content
 Economic Calendar
 Gold
Oil
Dow Jones
GBPUSD
EURUSD
USDJPY

 

 

 

Economic Calendar

Monday, May 27, 2024 

CAD Wholesale Sales (Monthly)

Tuesday, May 28, 2024 

USD CB Consumer Confidence Index (May)

Wednesday, May 29, 2024 

EUR Consumer Price Index (Yearly) (May)

EUR German Consumer Price Index (Monthly) (May)

Thursday, May 30, 2024 

EUR Core Consumer Price Index (Excluding Food and Energy) (Yearly)

USD Gross Domestic Product (Quarterly) (Q1)

USD Initial Jobless Claims

Friday, May 31, 2024 

EUR Consumer Price Index (Yearly) (May)

USD Core Personal Consumption Expenditure Price Index (Yearly) (April)

 

Gold

Gold prices dropped approximately 3.85% during last week’s trading following the Federal Reserve’s minutes,
which expressed concerns about inflation.
The markets await the US GDP, jobless claims,
and personal consumption expenditure data.
Technically, gold fell from the indicated harmonic pattern, closing below the 200 moving average.
If it closes below support level 2330, gold may head toward 2290.

 

Oil

West Texas Intermediate (WTI) crude oil futures prices stabilized near $78 per barrel.
They continue to face resistance around $80 and support at $76, moving within a sideways range since the beginning of May.
If they break the resistance level, they are expected to rise to the $84 – $87 range.
Conversely, breaking the support level around $76 could push prices to retest the $72 – $68 support levels if they turn downward.

 

 

 

US Dow Jones Index

The Dow Jones index dropped approximately 2.60% during last week’s trading following the Federal Reserve’s minutes,
which expressed concerns about inflation. The markets await the US GDP, jobless claims,
and personal consumption expenditure data.
Technically, the index fell from the harmonic pattern, breaking the support level 39225 and heading towards the 38600 level.

 

GBPUSD

The pound rose to 1.27 USD, moving upward since April, rebounding from the 1.23 support level.
With prices breaking the resistance around 1.2700, it is expected to continue rising,
facing further resistance around 1.2800 and then at the main resistance at 1.2895.
If it turns downward, breaking the support level around 1.2465 could likely lead to a retest of the main support level around 1.2300.

 

EURUSD

The pair dropped approximately 0.55% during last week’s trading before closing with a 0.20% decline.
The markets await the US GDP, jobless claims, and personal consumption expenditure data.
Technically, the pair fell from the harmonic pattern, and if it breaks and closes below the 1.0800 support level,
it may head toward the 1.0750 level.

 

USDJPY

The dollar stabilized near 157 yen, maintaining an upward trend since the beginning of the year.
It is expected to continue rising, with prices holding above the 156.80 resistance level,
potentially pushing it to the main peak around 160.40.
If it turns downward, breaking the support level around 151.95 could likely lead to a return to the support area around the 146 levels.

 

Essential News to be Traded This Week