The Week Ahead: 26th – 29th April 2022

Overview for the Week Ahead

Elon Musk clinched a deal to buy Twitter Inc for $44 billion on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person.

Discussions over the deal, which last week appeared uncertain, accelerated over the weekend after Musk wooed Twitter shareholders with financing details of his offer.

Under pressure, Twitter started negotiating with Musk to buy the company at the proposed $54.20 per share price.

The deal ends Twitter’s run as a public company since its 2013 initial public offering.

Stocks in Asia had a cautious start Tuesday after bonds rallied amid concerns that China’s Covid-afflicted economy will sap the global recovery. The nation’s central bank took steps to bolster the yuan.

Oil held a retreat below $100 a barrel, weighed down by the threat to demand from China. The virus outbreak in the world’s biggest crude importer is another source of commodity-market volatility alongside Russia’s invasion of Ukraine.

Though Federal Reserve officials are in a quiet period this week ahead of the central bank’s meeting next week, a packed slate of corporate earnings results will pull investors’ attention. In the coming days, a bevy of major companies and stock index components will post results, including Alphabet (GOOGL), Meta Platforms (FB), Apple (AAPL) and Amazon (AMZN).

Have your trading chart ready!

This Week’s High Impact Events

The times below are GMT +3.

Tuesday 26th April

  • 15.30 – USD – Core & Durable Goods Orders m/m

Potential instruments to Trade: AUD Crosses. 

  • 17.00 – USD – CB Consumer Confidence

Potential instruments to Trade: USD Crosses. 

Wednesday 27th April

  • 04.30 – Australia – CPI q/q, & Trimmed Mean CPI q/q

Potential instruments to Trade: AUD Crosses.

Thursday 28th April

  • Tentative – JPY – BOJ Outlook Report, Monetary Policy Statement, & BOJ Press Conference

Potential instruments to Trade: JPY Crosses. 

  • 15.30 – USD – Advance GDP q/q, Advance GDP Price Index q/q, & Unemployment Claims

Potential instruments to Trade: USD Crosses. 

Friday 29th April

  • 11.00 – CHF – SNB Chairman Jordan Speaks

Potential instruments to Trade: CHF Crosses. 

  • 15.30 – Canada – GDP m/m

Potential instruments to Trade: CAD Crosses. 

  • 15.30 – US – Core PCE Price Index m/m

Potential instruments to Trade: USD Crosses. 

  • 17.00 – US – Revised UoM Consumer Sentiment

Potential instruments to Trade: USD Crosses. 

For more information –

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