Monday, 26 April 2021

Today Top Forex News by Money Life Research

 1️⃣ The main news over the weekend

 - New cases confirmed in India break a record one day for four consecutive days.

 The Republican Party of the United States considers an infrastructure bill of $ 800-900 billion.

 - The US Department of Health announces the continued use of the Johnson & Johnson vaccine.

 - Immunization of the United States "enters a new phase".

 Brazil's new April death toll hit its highest level since the outbreak.

 - The Central Bank of Russia unexpectedly raised its key interest rate to 5%.

 - New York City government sued a number of oil companies.

 BlackRock, the world's largest asset management company, hits new highs.

 2️⃣ Notable facts and economic data today

 On Tuesday, the Bank of Japan will announce its interest rate decision, and the market hopes the central bank will keep interest rates unchanged.

 On Wednesday, US President Biden spoke to a joint meeting of the two houses of Congress.  At the same time, the 16th OPEC and non-OPEC ministerial meeting will also be held on Wednesday. The epidemic is showing signs of getting worse, investors should pay attention to whether OPEC + member countries are real.  currently adjusts crude oil production or not.

 - On Thursday, the Federal Reserve will announce a decision on interest rates, and the interest rate level is expected to remain unchanged.  Investors are mainly concerned with the Fed's attitude towards monetary policy tightening and Powell's speech to see if there is a "clue" on debt tightening.

 - On Thursday night, investors should also pay attention to the initial value of US GDP in the first quarter, which is expected to record 6.5%, much higher than the previous value of 4  , 3%.

 On Friday, the US will release the core PCE price index annual rate for March, which is expected to hit a record 1.8%, compared with the previous value of 1.4%.  .  In addition, the FOMC permanent voting committee and the New York Federal Reserve President Williams will host the program hosted by the Economic Club of New York on Friday.

 In addition, the Wall Street Journal citing FactSet data report that a total of 181 companies will announce their first quarter earnings this week.

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