Today’s market movers - 16 April 2019

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On Tuesday, April 16, 2019, the markets will be concerned with the release of economic calendar data, which usually results in changes in price movements. The economic agenda is a key tool for the fundamental news analysis to predict market performance. Therefore, caution must be taken to determine the results of these actual data to make the right trading decision. The economic news today are as follows:

The Bank of Australia's monetary policy meeting minutes: The Reserve Bank of Australia releases the minutes of the monetary policy meeting two weeks after the announcement of the monetary interest rate. It provides a detailed account of the latest RBA Board meeting and an in-depth view of the economic conditions that influenced the decision regarding interest rate setting.

UK average wage index: Including bonuses, rose by 3.4 percent year-on-year during the three-month period to January after adjusting the reading in the previous period to 3.5 percent. This month's reading exceeded analysts' expectations of a 3.2 percent increase. Wages grew faster in the areas of finance, business services, manufacturing and construction, while remained stable in the public sector. At the same time, wages have increased at lower rates in services, wholesale trade, retail trade, hotels, restaurants and the private sector.

Excluding allowances, wages rose by 3.4 per cent, the same as in the previous period. The reading is in line with analyst expectations. In real terms, wages, including bonuses, rose by 1.5 per cent, while wages, excluding allowances, rose by 1.4 per cent. The forecast for the three months to February 2019: an average of 3.5 percent.

New Zealand CPI: In New Zealand, the consumer price index rose 0.1 percent quarter-on-quarter in the December of last year. Forecasts for the first quarter of 2019: an increase of 0.3 percent.

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.