During the second week of April there are several financial publications hat may affect forex and commodities. Among the reports to be published are: U.S. consumer price index, American and Canadian trade balance, Bank of Japan's monetary policy and rate decision, U.S PPI, Federal budget balance and U.S. jobless claims. Here is an outlook for the week of April 9th to 13th that highlights news items regarding to the U.S., Canada, EU, China. Japan, and Australia. For the complete weekly outlook on commodities and forex –Trading NRG (All times GMT):
Monday–China's Trade Balance: according to the previous report, China's trade balance changed direction from a $27.3 billion surplus to a $31.5 billion deficit; if this trend will continue it could indicate that China's economic growth is slowing down and thus may adversely affect prices of commodities;
Monday–U.S. Federal Budget Balance: this upcoming publication will present the changes in the U.S federal balance for March 2012; this report indicates the government debt growth and thus may affect the U.S dollar. In the last report regarding February the deficit sharply rose by $231 billion; this report may affect the strength of the US dollar;
Monday– Chinese Consumer Price Index: during February, the Chinese inflation rate sharply fell to an annual rate of 3.2% (it was 4.5% in January); this rate is well below China's inflation target of 4% in annual terms. If the inflation will continue to fall, it could induce the People Bank of China's ease some of its monetary restrictions to jumpstart the economy; China is among the leading countries in importing commodities;
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