Market Opportunities : Week 15-04-2024 - 19-04-2024

USDCNH: China’s Industrial Production report for March is an important event for forex markets due April 16. The performance of China’s economy is an important indicator of the shape of global economy: China supplies manufactured goods to most countries of the world. The Chinese economy is struggling to overcome deflationary pressures as indicated by declining producer prices. There is a possibility the Industrial Production report may show stronger performance than expected which will be bearish for USDCNH.

GBPUSD: UK inflation report for March is an important event for the UK currency due March 17. There is a possibility the British inflation slows more after decelerating from previous month’s reading of 4.0% which will be bearish for GBPUSD pair.