Economy outlook, watch oil prices! Oka-chan Man's 1-minute summary of this week's important events (Week of April 13)
This week's economic indicators! Two important events that Okachanman is watching
① Economic Outlook
② Crude Oil Prices
Ancient FX Blog
(Below is the transcript of the video)
Hello everyone, this is Okachanman. This week's points of interest are economic outlook and crude oil prices.
This week, of course there is the impact of the coronavirus, but among the coronavirus effects, I want to focus on the economic outlook. In the latter half of the week, on Thursday and Friday, the G20 central bank governors and finance ministers meeting is scheduled. Over the three days Friday, Saturday, and Sunday, IMF and World Bank meetings will be held. I think both will publish economic outlooks. In particular, the focus is on what kind of economic outlooks will be announced given the impact of the coronavirus. Also, new unemployment claims. Last week and the week before saw a large increase in claims, and they will be released this week as well. The results over the last three weeks and next week's results may influence the U.S. employment statistics for next month.
Then there is crude oil prices. Last weekend, if Mexico agrees to cut production at the OPEC+ or G20 energy ministers' meetings, then countries will cut production in a coordinated manner, so that was the content. Now the question is whether Mexico will actually agree. Whether production cuts will push crude prices higher is what I think to watch this week.
This week there are a few key indicators, but not too many. The impact of the coronavirus has somewhat settled, so I think currencies that are likely to improve will start to turn around. That said, volatility remains high, so please manage risk carefully and trade with caution. This was Okachanman.
