Focus on monetary policy, crude oil prices, and economic indicators! Okachanman's quick take on this week's important events (week of April 27)
This Week's Economic Indicators! Three key events that Okachan-man is paying attention to
① Monetary Policy (BOJ, FOMC, ECB)
② Crude Oil Prices (Weekly Crude Stocks, Cushing Inventory, Contango)
③ Economic Indicators (US GDP, Initial Jobless Claims, ISM Manufacturing PMI)
Ancient FX Blog
(Below is the transcription of the video)
Hello everyone, this is Okachan-man. I’d like to talk about the points this week that people around the world and investors may be paying attention to. First is monetary policy, second is crude oil prices, and third is economic indicators.
First, regarding monetary policy: the Bank of Japan will speak around Monday the 27th at just after noon (12:00). The second is the FOMC. It will be announced in the early hours of Thursday the 30th at 3:00. And the ECB Governing Council will announce on Thursday the 30th at 8:45 PM.
Secondly, about crude oil prices: this includes weekly crude stocks, plus Cushing stocks and contango.
Next, the three economic indicators: this week we are watching US GDP, initial jobless claims, and ISM Manufacturing PMI.
This week is likely to be a wait-and-see period. I think we’ll be in a situation waiting for central bank announcements. Outside of that, I think the market will move with crude oil prices. So I expect there could be sharp moves, but apart from those sharp moves, it may be difficult to swing trade.
This week, after thoroughly confirming the FOMC, the ECB, and their outputs, I’m planning a strategy for the future, so I’d like to trade in a way that avoids losses this week.
With that, let’s do our best this week as well. This is Okachan-man.
