Fundamentals to watch out for this week

This week is quite risk heavy and from around the world. Special attention is on Chinese economic releases.

What to watch for over the coming days:

• U.S. Earnings 

For S&P 500 and U.S. economy, focus has turned to earnings per share, which has been declining since last year. So focus will turn to company specific data, when earnings season begins on Monday. Earnings are expected to decline 8.1% from a year ago, on an average.

• FED emergency meeting 

Monday has become extra important as FED has announced an emergency meeting on rates. So focus will be on any announcements from FED.

• UK inflation 

Though for Pound, focus has turned towards possibility of Brexit, inflation nonetheless is likely to have impact on Pound based pairs. UK inflation data for March will be on Tuesday.

• China Trade balance 

Trade balance from China will be announced on Wednesday, around 2:00 GMT. Last month trade data turned out to be disastrous, so it will be vital to see, whether it improves or deteriorates.

• BOC rate decision 

Bank of Canada will announce rate decision on Wednesday at 14:00 GMT. Focus will be on rate guidance and recent reaction on strengthening of Loonie.

• UK rate decision 

Bank of England (BOE) will announce rate decision on Thursday, No change is expected but if MPC votes change, impact could be big for Pound.

• China GDP 

World’s second largest economy will announce first quarter GDP on Friday and economic growth is expected to weaken to 6.7% compared to 6.9% in previous quarter.

• IMF, World Bank meeting 

IMF and World Bank will begin their spring meeting on April 15th, where assistance towards countries like Ukraine, Angola likely to be discussed. IMF will release its World Economic Outlook on Tuesday.