Market focus

On Tuesday, 16.04.2019, the day is full of employment data in the UK, economic sentiment in the eurozone and industrial production in the United States.

At the opening of trading on Tuesday the RBA meeting minutes will be published, from which they do not expect a significant impact on the Australian currency, but the repeat of soft rhetoric may increase the pressure on the Australian dollar.

In the European trading session, market attention will be focused on employment data in the UK. The data is expected to be a restrained positive report on the labor market in the UK, especially due to wage growth and a decrease in applications for benefits.

In the European session, it is also worth noting the economic sentiment index ZEW in Germany and the Eurozone, which is a leading indicator of business activity.

In the US trading session, there are data on sales in the manufacturing sector of Canada and industrial production in the United States. Expectations regarding them remain quite restrained, as well as the impact of these statistics on national currencies.

Hanzenko Anton