mask Week Ahead | Brexit, PMI Numbers and Trade Talks in Focus

18/ 02/ 2019

Week Ahead | Brexit, PMI Numbers and Trade Talks in Focus

18th February 2019 - 22nd February 2019

Monday

USD President’s Day which is observed and there is no major economic data to discuss about but political events and speech could alter the fluctuations of the currency today.

 

Tuesday

  • GBP Average Earnings excluding Bonus & ILO Unemployment Rate
  • Euro & Germany ZEW Survey – Economic Sentiment

GBP Average Earnings excluding bonus will be a key short-term indicator of how levels of pay are changing within the UK economy. Followed by ILO Unemployment rate which will indicate the current Economic Standards of Employment levels of UK. Finally, to conclude the day Euro & Germany will release their ZEW Survey which signals the current measures the institutional investor sentiment, reflecting the difference between the share of investors that are optimistic and the share of analysts that are pessimistic.

 

Wednesday

  • US FOMC Minutes

The FOMC meeting minutes are due out. Some more details on how the Committee is divided on policy and sentiment towards the economy will be of particular interest. A number of FOMC members are also scheduled to speak through the week, which will garner the Dollar’s attention.

 

Thursday

  • Germany Harmonized Index & Markit Manufacturing
  • Euro PMI Composite
  • US Markit Manufacturing

Harmonized Report is an index of consumer prices across Germany, Markit economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDPFrom Euro Zone they will release PMI composite all leading the way for Mario Draghi ECB President to decide on his Monetary Policy Futures. Finally, to conclude the busy day US will release their Markit Manufacturing captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP of United States

 

Friday

  • Germany GDP & Business Climate
  • Euro Consumer Price Index

Germany will release their GDP figures which will measure of the total value of all goods and services produced by Germany. The GDP is considered as a broad measure of the German economic activity and health followed by Business Climate which is a key indicator of the current Business conditions of Germany.

Final report to end the Semi-Busy week will be from Euro Zone which is Consumer Price Index which is a key indicator on their current economic limits and future projections of purchasing trends and Inflationary levels.