April is set to close with a bang on what is easily the busiest week in terms of economic data releases for a long time. We have various sets of CPI and employment data releases from Europe the developed economies. GDP figures are also set to hit the wires, chiefly from the UK, US, and Canada.
Central banks will be in hard focus where Australia's RBA fired the first salvo, followed by the FOMC, with New Zealand's RBNZ following suit. The BoJ will also hold its press conference. It is safe to say the market's attention will be fixated on the US 1Q15 GDP figures and the ensuing FOMC statement and press conference.
In this note, we will briefly go over some of the key developments we have seen in April across the globe from the American economy, to the renewed conflagrations in the tug of war between Greece and its creditors, to China's economic woes and financial troubles.
In Part 2, we will touch on the various markets we cover, present our views and purported strategies to trade them going forward.