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 06 AHEAD Economic calendar: Mon 6th to Fri 10th Feb 2017
12.30am – Australian retail sales (December): expected to rise 0.3% after 0.2% in November.
1.45am – China Caixin Services PMI (January): forecast to rise to 53.6 from 53.4.
3.30am – RBA rate decision: no change to rates expected, although given the recent rally in AUD it might be difficult to give a sufficiently hawkish stance to avoid losses.
1.30pm – US trade balance (December): deficit expected to hold at $45.2 billion.
3pm – Canada Ivey PMI (January): forecast to drop to 55.6 from 60.8
3.30pm – US EIA crude inventories (w/e 3 Feb): stocks forecast to rise by 80,000 barrels after a 6.5 million barrel jump in the previous week.
12.30am – Australia NAB business confidence (January): expected to fall to 4.9 from 6.
7am – German trade balance (December): previous figure was €22.6 billion surplus.
1.30pm – US initial jobless claims (w/e 4 Feb): forecast to rise to 247,400 from 246,000.
2am – China trade balance (January): exports fell 6.1% in December. Markets to watch:
9am – US IEA oil market report: this will look at production in the global oil market, and it will be interesting to see if a) OPEC is sticking to its production cut plan and b) if US oil production is ramping up thanks to higher prices.
9.30am – UK trade balance, industrial & manufacturing production (December): previous trade balance was a deficit of £4.17 billion.
1.30pm – Canada employment data (January): 23,300 jobs expected to have been created, down from 53,700 in December. Unemployment rate expected to fall to 6.8% from 6.9%.
3pm – US Michigan consumer confidence (February, preliminary): confidence expected to fall to 97.8 from 98.5.
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