2014/04/23

Forecast for April 23

The investors, who trade AUDUSD, should pay attention to the CPI publication at 4:30 a.m. (GMT+3). ‘Aussie’ will be volatile.

Right after that, traders will switch their attention to the publication of Manufacturing PMI by HSBC. Current index value is located at 48.0 points. When the PMI is below 50.0, it indicates that the manufacturing economy is declining, which leads to a decrease of demand for raw assets. If index appears to be worse than a forecast, it can weaken AUD’s positions.

USA, Germany and France will publish their Manufacturing PMIs during the day. Eurozone will do the same.

Traders interested in pound should pay attention to the publication of minutes from the last Bank of England’s meeting. Info should be published at 11:30 a.m. CBI Industrial Trends Orders will be published at 1 p.m.

New Housing Sales will be announced in the USA by the end of the day.

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