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09.04.2020

Initial Jobless Claims. United States, 14:30 (GMT+2)

At 14:30 (GMT+2), weekly data on the number of initial unemployment claims in the United States will be released. The indicator reflects the number of people who applied for unemployment benefits for the first time in the past week. These data are collected by the Ministry of Labor and published in a weekly report. The number of applications for benefits is used to measure the state of the labor market since an increase means fewer people are hiring. The indicator is expected to decline from 6.648 million to 5.250 million.

Industrial Production. United Kingdom, 08:00 (GMT+2)

At 08:00 (GMT+2), in the UK data on industrial production for February will be published. The indicator fixes the level of change in the volume of industrial production and utilities in the country. The calculation takes into account the manufacturing and mining industries, as well as the electric power industry. Production is expected to grow by 0.1% after a 0.1% decline a month earlier. An implementation of the forecast may support the pound.

08.04.2020

FOMC Meeting Minutes. USA, 20:00 (GMT+2)

At 20:00 (GMT+2), the US Fed will publish the minutes of its last meeting. It may contain an assessment of the current situation in the American economy in connection with the spread of the coronavirus epidemic, as well as hints of further steps by the Fed. In March, the regulator reduced the interest rate twice and now it is at 0.25%. A number of economic support measures have also been put in place, including an unlimited program of quantitative easing.

Construction Permits. Canada, 14:30 (GMT+2)

At 14:30 (GMT+2), Canada will publish data on the number of issued building permits for March. The indicator records a monthly change in the number of permits issued by the Canadian government for the construction of real estate and is one of the most important indicators of the construction sector.  In March the index is expected to decrease by 4.5% after rising by 4.0% in February. The realization of the forecast can put pressure on CAD.

Housing Starts. Canada, 14:15 (GMT+2)

At 14:15 (GMT+2) in Canada, March data on the number of new houses starts will be published. It records the change in the number of new residential buildings that began construction during the reported month. It is one of the most important indicators of the construction market. The indicator is expected to decrease from 210.1K to 180.0K units. The realization of the forecast can put pressure on CAD.