Week commencing 20th January : (All Times GMT)
Overview:
This week looks set to focus on central banks once again, as we enter a two-week period that sees a whole host of monetary policy decisions take place. This week we see Japanese, Canadian, and eurozone central bankers come to the fore.
Elsewhere, the UK economy comes back into focus after a raft of disappointing economic data, with the latest Jobs report and PMI surveys providing further volatility for the pound.
Note:
The following figures reflect the expectations of the market as of Sunday. You should obtain up-to-date expectations for each event as it draws nearer.
I strongly recommend using the Talking-Forex service to stay abreast of all market expectations and data outcomes.
Monday
Martin Luther King day – US Markets Closed.
Tuesday
NA – BoJ monetary policy decision: interest rate expected to remain at -0.1%. Markets to watch: JPY crosses
9.30am – unemployment rate, average earnings (November) and claimant count (December): unemployment expected to fall to 3.7% from 3.8%, average earnings expected to jump to 3.7% from 3.2%, with claimants predicted to fall from 28.8k to 26k. Markets to watch: GBP crosses, UK stocks
10am – ZEW economic sentiment (January): German reading expected to fall from 10.7 to 5, with eurozone number expected to fall from 11.2 to 6. Markets to watch: EUR crosses
Wednesday
1.30pm – Canadian CPI (December): Forecast to fall from 2.2% to 2%. Markets to watch: CAD crosses
3pm – Bank of Canada rate decision: interest rates forecast to remain at 1.75%. Markets to watch: CAD crosses
Thursday
12.30am –Australian jobs report (December): employment change expected to fall from 39.9k to 16k, unemployment rate expected to remain at 5.2%. Markets to watch: AUD crosses
12.45pm – ECB rate decision: all interest rates expected to remain stable. Markets to watch: EUR crosses
4pm – US EIA crude inventories (week ending 17 Jan). Markets to watch: WTI and Brent crude
11.30pm – Japanese CPI inflation (December): expected to remain at 0.5%. Markets to watch: JPY crosses
11.50pm – BoJ monetary policy meeting minutes. Markets will be keeping an eye out for any shift in tone from the committee. Markets to watch: JPY crosses.
Friday
8.30am – German flash manufacturing and services PMI (January): manufacturing expected to rise from 43.7 to 44.0, with services predicted to fall from 52.9 to 52.5. Markets to watch: EUR crosses, German stocks
9am – eurozone flash manufacturing and services PMI (January): manufacturing expected to rise from 46.3 to 46.9, with services predicted to fall from 52.8 to 52.3. Markets to watch: EUR crosses, eurozone indices
9.30am – UK flash manufacturing and services PMI (January): manufacturing expected to rise from 47.5 to 48.4, with services predicted to fall from 50 to 49.5. Markets to watch: GBP crosses and UK indices
2.45pm – US flash manufacturing and services PMI (January): manufacturing expected to fall from 52.4 to 52, with services predicted to fall from 52.8 to 51.7. Markets to watch: USD crosses and US indices
Source: Chris Beauchamp, Market Analyst
