Analysis written BY retail traders FOR retail traders
Important: Please be aware that the following expected figures are analysts estimates based upon the data available at the time this calendar was posted. As each data point draws nearer you should expect some fluctuation in these expectations and stay as up to date as you possibly can as to any renewed expectations immediately prior to the release of a data point.
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WEEK 04 AHEAD Economic calendar: Mon 23rd to Fri 27th Jan 2017
Monday 23rd Jan
10am – eurozone consumer confidence (January, flash): expected to fall to -5.8 from -5.1.
Tuesday 24th Jan
8am – 9am – French, German, eurozone manufacturing and services PMI (January, flash): these will be closely-watched for signs of improvement.
2.45pm – US manufacturing PMI (January, flash): expected to fall to 54 from 54.3.
3pm – US existing home sales (December): MoM figure expected to fall by 0.5%, while the annual rate is forecast to fall to 5.56 million from 5.61 million.
11.50pm – Japan trade balance (December): previous reading saw exports fall 0.4% YoY.
Wednesday 25th Jan
12.30am – Australia inflation (Q4): forecast to rise to 1.5% from 1.3% YoY and 0.5% from 0.7% MoM.
9am – German IFO (January): business climate index forecast to drop to 110.5 from 111, while current conditions forecast to fall to 116.2 from 116.6.
3.30pm – US EIA crude inventories (w/e 20 January): stockpiles expected to fall by 1.67 million barrels, after a 2.3 million barrel increase a week earlier.
Thursday 26th Jan
7am – German consumer confidence (February): expected to rise to 10 from 9.9.
9.30am – UK GDP (Q4, preliminary): first estimate is expected to show growth of 0.4% QoQ from 0.6% in Q3, and 2% from 2.2% YoY.
1.30pm – US initial jobless claims (w/e 21 January): claims expected to rise to 247K from 234K.
2.45pm – US services PMI (January, flash): expected to see a fall to 53.5 from 53.9.
3pm – US new home sales (December): forecast to fall 0.3% MoM, while the annual rate falls to 590K from 592K.
11.50pm – Japan CPI (December), Tokyo CPI (January): the Tokyo figure is regarded as a leading indicator and may carry more weight, with the previous figures having been 0% YoY overall and a 0.6% fall in YoY core CPI.
Friday 27th Jan
12.05am – UK Gfk consumer confidence (January): forecast to fall to -9 from -7.
1.30pm – US durable goods orders (December), GDP growth (Q4): orders expected to rise 2.5% MoM overall, and 0.4% excluding transportation. GDP forecast to be 2.1% from 3.5% QoQ.
3pm – Michigan confidence index (December, final): forecast to fall to 98.1 from 98.2.
Source: Clifton FX
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