On Wednesday, April 17, 2019, the markets will be interested in announcements from the economic calendar data, which usually results in changes in price movements. The economic agenda is a major tool for the basic analysis of the news to predict the performance of the markets. Therefore, caution must be taken to determine the results of these actual data to make the right trading decisions. The economic news today are:
China's Gross Domestic Product (GDP): China's gross domestic product (GDP) rose 6.4 percent year-on-year in the fourth quarter of last year after registering 6.5 percent growth in the previous quarter. The quarter-quarter reading was in line with analysts' expectations. This was the lowest rate of GDP growth since the global economic crisis, with continued weak domestic demand, a trade dispute with the United States, and borrowing off-balance-sheet government loans. Forecasts for the first quarter of 2019: growth rate of 6.3 percent.
British CPI: In the UK, annual inflation rose to 1.9 percent in February from 1.8 percent in the previous month. The February reading was higher than analysts' forecasts of 1.8 percent. Inflation has risen mainly due to higher prices for food, cultural, entertainment, alcohol and tobacco. The forecast for March 2019: 2.0 percent.
Canadian CPI: In Canada, the CPI rose 0.7 percent in February from the previous month.
Canada's trade balance: In Canada, the trade deficit narrowed to 4.25 billion Canadian dollars in January after a revised reading of the previous month to 4.82 billion Canadian dollars. Analysts had expected the trade deficit to reach 3.5 billion Canadian dollars. This was the second largest trade gap ever. While exports rose 2.9 percent (the first increase since July) as crude export prices rose, imports rose at a slower pace of 1.5 percent, driven by aircraft purchases.
Governor of the Bank of England Mark Carney: Mark Carney, governor of the Bank of England, is due to speak in Paris at the Financial System Development Network Conference. The pound often sees a strong rebound based on his comments as traders try to understand the direction of interest rates.