Key Economic Events: Week Of 20th April 2026
Release Date: 20th April 2026
What to Expect in Markets This Week: This week features Brazil's Tiradentes Day holiday, US retail sales and core retail sales, UK CPI inflation data, US initial jobless claims, and flash S&P Global PMI readings from the US. The next Fed Interest Rate Decision is scheduled for April 29th, 2026.
21 April 2026
BRL - Brazil - Tiradentes Day
Date:
21-Apr-26, Tue, All Day
Currency:
Holiday
Importance:
3
Forecast:
-
Previous:
-
Notes:
Tiradentes Day is a national holiday in Brazil honoring Joaquim Jose da Silva Xavier, a symbol of the Brazilian independence movement. Brazilian financial markets are typically closed on this day, which can reduce liquidity in BRL pairs and limit local market catalysts.
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Legacy
USD - Retail Sales (MoM) (Mar)
Date:
21-Apr-26, Tue, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
0.60%
Notes:
Retail Sales gauges the change in the aggregate value of sales at the retail level across the country. It is an important indicator of consumer spending, which drives the majority of overall economic activity in the US. A stronger than expected reading is generally bullish for the USD, while a weaker reading is bearish.
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USDJPY EURUSD
USD - Core Retail Sales (MoM) (Mar)
Date:
21-Apr-26, Tue, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
0.50%
Notes:
Core Retail Sales measures the change in the total value of sales at the retail level in the US, excluding automobiles. It is a key indicator of underlying consumer spending trends. A stronger than expected reading is generally bullish for the USD, while a weaker reading is bearish.
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USDJPY EURUSD
22 April 2026
GBP - CPI (YoY) (Mar)
Date:
22-Apr-26, Wed, 11:30 IST
Currency:
GBP
Importance:
3
Forecast:
Link
Previous:
3.00%
Notes:
The Consumer Price Index (CPI) measures changes in the price level of a basket of goods and services consumed by households. Higher CPI readings indicate persistent inflation pressure and can support the GBP if they raise expectations for tighter Bank of England policy. A higher than expected reading is bullish for the GBP.
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GBPJPY GBPUSD
23 April 2026
USD - Initial Jobless Claims
Date:
23-Apr-26, Thur, 18:00 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
-
Notes:
Initial Jobless Claims measures the number of people who filed for unemployment insurance for the first time during the past week. It is one of the timeliest indicators of US labor-market conditions. A lower than expected reading is bullish for the USD, while a higher reading is bearish.
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USDJPY EURUSD
USD - S&P Global Services PMI (Apr)
Date:
23-Apr-26, Thur, 19:15 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
49.8
Notes:
The S&P Global Services PMI measures the level of business activity in the US services sector. A reading above 50 indicates expansion, while below 50 signals contraction. Because services make up the largest share of the US economy, this release can materially influence USD sentiment. A higher than expected reading is bullish for the USD.
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USDJPY EURUSD
USD - S&P Global Manufacturing PMI (Apr)
Date:
23-Apr-26, Thur, 19:15 IST
Currency:
USD
Importance:
3
Forecast:
Link
Previous:
52.3
Notes:
The S&P Global Manufacturing PMI measures the level of general business conditions in the manufacturing sector. A reading above 50 indicates expansion, while below 50 signals contraction. It is a key leading indicator of economic health. A higher than expected reading is bullish for the USD.
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USDJPY EURUSD
29 April 2026
USD - Fed Interest Rate Decision
Date:
29-Apr-26, Wed, 23:30 IST
Currency:
USD
Importance:
3
Forecast:
CME FedWatch Tool
Previous:
3.63%
Notes:
The Federal Reserve Interest Rate Decision is one of the most important economic events for the USD. The Federal Open Market Committee (FOMC) announces its decision on the target federal funds rate, which influences borrowing costs, inflation, and economic growth. A rate hike is bullish for the USD, while a rate cut is bearish.
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USDJPY EURUSD