06th Feb to 10th Feb 2017
The day will start with Retail Sales figures from Australia. The Retail Sales released by the Australian Bureau of Statistics is a survey of goods sold by retailers, and an indicator of the pace of the Australian economy. The only report to come out from USA is Labor Market Conditions Index, which will be followed by FOMC Member Harker Speech. According to the FED, US labor market is large and multifaceted. One essential feature of this model is that its inference about labor market conditions places greater weight on indicators whose movements are highly correlated with each other. Tuesday is a light day in terms of Economic data. Australia will release their Interest Rate Decision and RBA Rate Statement early morning. The day will end with from USA releasing their Trade Balance Data. The Trade Balance released by the Bureau of Economic Analysis and the U.S. Census Bureau is a balance between exports and imports of total goods and services. It is an event that generates some volatility for the USD. From UK, Royal Institution of Chartered Surveyors presents housing costs in the UK. It shows the strength of the UK housing market, which can be considered as the economy as a whole, as the housing market is sensitive to the business cycle. This will be followed by Housing price index from Canada which captures how many new single-family homes or buildings were constructed. It shows the strength of the Canadian housing market, which can be considered as the economy as a whole due to Housing Starts' sensitivity to changes in the business cycle. Later in the day, US will release their 10 Year Note Auction. US notes have maturities of 2, 3, 5, 7, and 10 years and pay interest every six months. The yield on the notes represents the return an investor will receive by holding the bond until maturity. Investors monitor the yield volatility and compare the average rate at auction to the rate at previous auctions of the same security as an indicator of the government debt situation. Early morning New Zealand will release their Interest Rate Decision followed by its Monetary Policy Statement and Press Conference. Next up will be Unemployment Rate from Switzerland which indicates the number of unemployed workers divided by the total civilian labor force. By Mid-day Germany will release their Trade Balance data together with their Imports, Exports and Current Account data. The Trade Balance released by the Statistisches Bundesamt Deutschland is a balance between exports and imports of total goods and services. It is an event that generates some volatility for the EUR. The Day will end with Initial jobless claims from USA. It is a measure of the number of people filing first-time claims for state unemployment insurance. It provides a measure of strength in the labor market. A busy day in terms of economic data. Friday will start with Australia releasing Investment Lending for Homes and Home Loans date which will be followed by RBA Monetary Policy Statement. The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions of Australia. During Midday, there will be EU Extraordinary Economic Summit. This is a summit where, European Union Prime Ministers and Presidents meet to discuss actions and plans to solve current problems that may affect the European Union. This is followed by UK releasing their Manufacturing and Industrial production data. The Manufacturing Production is a significant as a short term indicator of the strength of UK manufacturing activity that dominates a large part of total GDP. The Industrial Production measures outputs of the UK factories and mines. Later in the evening Canada will release their Unemployment Rate data, Net Change in Employment data and Participation data. The day will end with Baker Hughes US Oil Rig Count & Monthly Budget Statement from USA. The Monthly budget statement summarizes the financial activities of federal entities, disbursing officers, and Federal Reserve banks. A positive budget statement that receipts exceed budgetary outlays is seen as positive for the USD.Monday
Tuesday
Wednesday
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Friday
