Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.
We are looking into the trading week of January 29 - February 2:
We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:
We can select which economies to focus on:
While major U.S. stock indexes keep marking record closing levels, upbeat U.S. economic growth suggests the Federal Reserve would not cut interest rates very soon.
Investors are watching closely the coming week’s U.S. official jobs report, checking if the labor market remains resilient, in which case expectations of the Fed cutting rates soon could cool further.
According to Trading Central's "Economic Insight", addition of Non-Farm Payrolls may slow to 175,000 in January with the Unemployment Rate staying at 3.7%.
In the past 12 U.S. Non-Farm Payrolls Reports, EUR/USD fell in 58% of times (7 out of 12 events) within one hour from the report’s release, marking a trading range of 54.77 pips on average.
Forecasts of Key Economic Data:
Monday (January 29)
US Dallas Fed Manufacturing Index (JAN) expected to fall to -23.0
Tuesday (January 30)
JP Unemployment Rate (DEC) stable at 2.5%
AU Retail Sales (DEC) -1.2% MoM
FR GDP Growth Rate (Q4) unchanged QoQ
EA GDP Growth Rate (Q4) -0.1% QoQ
US CB Consumer Confidence (JAN) to rise to 111.5
Wednesday (January 31)
JP Industrial Production (DEC) +0.1% MoM
JP Retail Sales (DEC) +0.5% MoM
AU Inflation Rate Q4 (YoY) down to 4.3% YoY
CN Official Manufacturing PMI (JAN) up to 49.2
DE Retail Sales (DEC) +1.1% MoM
DE Unemployment Rate (JAN) stable at 5.9%
DE GDP Growth Rate (Q4) -0.3% QoQ
FR Inflation Rate (JAN) down to 2.9% YoY
US ADP Employment Change (JAN) down to 125,000
US Fed Expected to Keep Key Rate at 5.50%
Thursday (February 1)
CN Caixin Manufacturing PMI (JAN) stable at 50.8
EA Inflation Rate (JAN) down to 2.8% YoY
EA Unemployment Rate (DEC) up to 6.5%
GB BoE Interest Rate Decision to Keep Key Rate at 5.25%
US Initial Jobless Claims up to 218,000
US ISM Manufacturing PMI (JAN) up to 47.6
Friday (February 2)
AU PPI Growth (Q4) down to 3.7% YoY
US Non Farm Payrolls (JAN) down to 175,000
US Unemployment Rate (JAN) stable at 3.7%
US Factory Orders (DEC) -0.4% MoM
Happy Trading!
Source: Trading Central Economic Insight
.jpeg)
