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 08 AHEAD Economic calendar: Mon 20th to Fri 24th Feb 2017
3pm – Eurozone consumer confidence (February, flash): expected to rise to -4.3 from -4.7.
12.30am – RBA meeting minutes: discussion around the next potential move in rates will provide key direction for AUD pairs.
8am – 9am – French, German, eurozone mfg and services PMIs (February, flash): further signs of improvement in these figures could help buoy the euro.
2.45pm – US Market mfg PMI (February, flash): expected to edge down to 54.5 from 55 last month.
9am – German IFO (February): business climate index forecast to rise to 111.7, from 109.8.
9.30am – UK GDP (Q4, second estimate): growth estimate not expected to change from 0.6% QoQ and 2.2% YoY.
10am – eurozone inflation (January, final): YoY figure forecast to rise to 1.2% from 1.1%, while the core rate remains at 0.9%. The MoM figure expected to drop to 0% from 0.5%.
3pm – US existing home sales (January): sales expected to rise to an annual rate of 5.6 million from 5.5 million.
7am – Germany GfK consumer confidence (March), GDP growth (Q4, final): confidence expected to fall to 10.1 from 10.2, while growth forecast to be revised to 0.4% QoQ and 1.2% YoY from 0.1% and 1.5% respectively.
1.30pm – US initial jobless claims (w/e 18 February, Chicago Fed index January): claims expected to rise to 242K from 239K a week earlier, while the Chicago Fed index rises to 0.16 from 0.14.
4pm – US EIA crude inventories (w/e 17 February) [delayed due to Presidents’ Day]: stockpiles expected to rise by 2.3 million barrels from a 9.5 million barrel increase a week earlier.
1.30pm – Canada CPI (January): MoM growth expected to be 0.1% from a fall of 0.2%, while YoY growth remains at 1.5%. Core CPI expected to be 1.5% from 1.6% a year ago.
3pm – US Michigan confidence survey (January, final), new home sales (January): confidence expected to be revised down to 96.8 from 98.5, while new home sales rise to an annual rate of 568K from 536K.
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