29th Jan to 03rd Feb 2017
Day will be light in terms of data, where the only report worth mentioning is Retail Trade from Japan which captures the aggregate sales made through a business location for household or personal consumption. RBA‘s Assistant Governor Debelle will be giving a speech regarding the domestic and global financial market. This will be followed by Euro’s consumer confidence. This measures the consumer confidence in economic activity. The day will end with Dallas Fed Manufacturing Business Index which is a monthly survey that is conducted to assess the state’s factory activity. The day will start with interest rate decision from Bank of Japan which is followed by the monetary policy statement, where depending on the outcome the interest rate could move accordingly. This will be followed by gross domestic product from UK. This captures the total value of all goods and services produced within the Eurozone. The day will start with non-monetary policy’s ECB meeting which will set the key interest rate for the Eurozone. Later on, the day will be filled with US data such as ISM Manufacturing and ISM Prices which could cause volatility and determine a short-term trend depending on the end result as well as the FED’s interest rate decision that focuses on the interest rates on loans and advances to commercial banks. The Federal Reserve will hold its first monetary policy meeting of the year on Wednesday, and while no change in rates is expected, the announcement statement could hold clues on the timing of the next rate hike. The Fed raised its benchmark rate by 25 bps in December and signaled three more hikes in 2017 on a stronger growth and inflation outlook. This means the next move could come as early as the March meeting. The absence of any guidance in next week’s FOMC statement could be negative for the US dollar, which is still struggling to regain its post-election momentum. The day will be the highlight for UK as all reports that will come out are top tier reports from UK. The day commences with BOE asset purchase facility which is the value of money the BOE plans to create and inject into the economy through open market bond purchases. Immediately after that, BOE’s Interest Rate Decision will be released which will focus on the loan interests that is provided to commercial bank. Next will be the BOE’s minutes followed by a speech by BOE Governor Carney. Friday is an important day in terms of economic data coming out from USA. Morning half will be full of data from Japan where the BoJ monetary policy meeting minutes that will review the economic development of Japan. The final half of the day will be full of USA data. First up will be the non-farm payroll which shows the number of new jobs created during the previous month, in all non-agricultural business. This will be followed by unemployment rate which shows the total no. of people that are looking for employment and are willing to work.Monday
Tuesday
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Friday
