The Week Ahead | Can the Dollar stage a comeback with Fed decision & US jobs data?

29th January 2018 – 02nd February 2018

Monday

• USD Core Personal Consumption Expenditure, Personal Income & Personal Spending

A day dominated by US reports. First up we have Core Personal Consumption Expenditure which is an average amount of money that consumers spend in a month. This will be followed by Personal income & Spending which measures the total income received by individuals and how much they spend.

Tuesday

• EUR Harmonized Index of Consumer Prices, GDP, Services Sentiment, Industrial Confidence, Economic Sentiment Indicator
• GBP Consumer Credit, Mortgage Approvals & BOE Governor Carney Speech
• USD S&P/Case Shiller Home Price Indices

The UK is to release data on net lending and mortgage approvals. Germany is to publish preliminary inflation data for January while euro zone will publish a preliminary estimate of fourth quarter economic growth.

Later in the day we will U.S. releasing their S&P/Case Shiller Home Price Indices report which indicated the real estate market in US. Bank of England Governor Mark Carney is to testify before the House of Lords Economic Affairs Committee, in London.

Wednesday

• AUD Consumer Price Index
• EUR Retail Sales, Unemployment Change, Unemployment Rate & Consumer Price Index
• USD Trumps Speech, ADP Employment Change, Pending Home Sales, FED’s Interest Rate Decision and Monetary Policy Statement

Quite an eventful Wednesday with major focus on Trumps Speech and Fed Monetary Policy Statement. First up Australia is to release their inflation data. Then euro zone is to produce preliminary data on inflation along with Employment data while Germany is to report on retail sales.

Latter half of the day belongs Dollar with the release of ADP nonfarm payrolls report, as well as a report on manufacturing activity in the Chicago region and data on pending home sales. The Federal Reserve is to publish its rate statement which is expected to remain unchanged. This will be followed by the Monetary policy statement which outlines economic conditions and the factors affecting the decision.

Thursday

• EUR Markit Manufacturing PMI
• USD Labour and Jobs data, ISM Prices Paid and ISM Manufacturing PMI

Thursday will be a build up to Friday Non-Farm Payrolls report. First up will Markit Manufacturing Data from euro zone which captures business conditions in the manufacturing sector. Then the focus shifts to USA with the release of Labour and Jobs Data. These reports will indicate the number of individuals who are unemployed and are currently receiving unemployment benefits along with cost of employing labour force.

Then the focus shifts to ISM Prices Paid which shows business conditions in the US manufacturing sector. This will be followed by ISM Manufacturing PMI which shows business conditions in the US manufacturing sector.

Friday

• GBP PMI Construction
• EUR Producer Price Index
• USD Nonfarm Payrolls, Unemployment Rate & Factory Orders

An important day for Dollar again with the release of Nonfarm Payrolls which is likely to cause volatility in the market. First up UK is to publish a report on construction activity. Then Euro zone will release Producer price index which measures the change in prices received by domestic producers of commodities in all stages of processing.

The U.S. is to round up the week with the nonfarm payrolls report for January along with Unemployment Rate. Furthermore, they will release revised data on consumer sentiment and a report on factory orders.