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 07 AHEAD Economic calendar: Mon 13th to Fri 17th Feb 2017
Late morning – OPEC monthly report: after the IEA’s report last week, which suggested that production cuts are being adhered to, OPEC’s own update should provide plenty of volatility for oil.
12.30am – Australia NAB business confidence (January): expected to rise to 7 from 6.
1.30am – China price data (January): CPI expected to rise to 2.3% YoY from 2.1%, and remain at 0.2% MoM. PPI expected to increase to 5.6% from 5.5% YoY.
7am – German GDP (Q4, flash): forecast to be 0.5% QoQ and 1.9% YoY, from 0.2% and 1.5% YoY.
9.30am – UK CPI (January): price growth expected to be 1.25% YoY (from 1.6%) and 0.1% MoM (from 0.5%). Core CPI expected to be 1.4% YoY from 1.6%.
10am – eurozone GDP (Q4, second estimate): growth expected to be revised to 0.5% QoQ and 1.8% YoY, from 0.3% and 1.7% respectively.
10am – German ZEW economic sentiment (February): sentiment expected to fall to 15.8 from 16.6.
1.30pm – US PPI (January): factory gate inflation expected to rise 0.4% from 0.3% MoM.
9.30am – UK unemployment data: January claimant count expected to rise by 7000 from a 10,100 fall a month earlier, while December’s unemployment rate is expected to rise to 5% from 4.8%. Average earnings (inc bonus) for December expected to be 2.6%, down from 2.8% in November.
1.30pm – US CPI (January): forecast to rise 1.8% from 2.1% YoY and 0.2% from 0.3% MoM. Core CPI to rise 2.1% from 2.2% YoY. Retail sales forecast to rise 0.3% from 0.6% MoM.
3.30pm – US EIA crude inventories (w/e 10 February): stock piles expected to rise by 1.4 million barrels from a 13.8 million barrel increase a week earlier.
12.30am – Australia employment data (January): unemployment rate forecast to fall to 5.7% from 5.8%, while 16,300 jobs are created from 9300 last month.
1.30pm – US housing starts and building permits (January): starts expected to fall to annual rate of 1.17 million, while permits forecast to edge down to 1.22 million.
9.30am – UK retail sales (January): forecast to rise by 6.4% from 4.3% YoY, and increase by 0.6% from a 1.9% fall MoM.
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