A Week in the Market: Prices and Commodities in Focus (10-14 April)

Let's see expectations on some markets for this week.

USD: the impact of inflation

The US will publish the most important report – the March inflation statistics. The consumer price index is expected to fall from 6% to 5.2% year-on-year. The less the inflationary pressure, the lower the risks of further interest rate hikes in the US. This puts strong pressure on the USD.

EUR: reduced pressure

The eurozone will welcome the industrial production and retail sales data. As the demand for heating gas declines, pressure on the EUR exchange rate is gently easing.

China: inflation and prices

China will provide data on inflation and the producer price index for March. Later, the trade balance as well as the US data will also be available. The higher the figures, the better the conditions for risk assets.

AUD: pending labour market statistics

Australia releases labour market data: The unemployment rate may have increased as well as the number of jobless claims. This is a development that the RBA had previously warned about. This information is likely to weaken the AUD's position.

GBP: the pound is bullish

The UK will show industrial production figures, merchandise trade balance, and GDP data for February. After London reached a trade agreement outside the EU, the GBP gained momentum for growth and so far, maintains its strength.