Dollar retreats against Rivals, Markets cued in for ECB & U.S FOMC Minutes

Week Ahead - 7th Jan- 11th Jan 2019

Monday

• USD ISM Non-Manufacturing PMI & Factory Orders

US will release their ISM Non-Manufacturing PMI which shows business conditions in the US non-manufacturing sector. US Factory Orders will be released later on during the day which indicates manufacturing level which can offer insight into inflation and growth in the manufacturing sector of US Market.

Tuesday

• EUR Business Climate
• USD Trade Balance

Euro Zone will release their Key Business Climate report which will be Key Indicator of the Businesses Prevailing and their current growth status.

Followed by US Trade Balance report will be released by US opening hours which will signal its current trade disputes between US & China and its after effects in their Trade Sector.

Wednesday

• USD FOMC Minutes
• GBP Bank of England Mark Carney’s Speech

US will release their FOMC Minutes post of what was discussed on Friday which will guide the investors in the projections for the year & the number of Interest Rate Hikes expected.

To conclude the day Mark Carney will speak on topics of Economic Projection Strategies for the year and his outlook for Bank of England Interest Rate Hike.

Thursday

• ECB Monetary Policy Meeting Accounts
• USD Initial Jobless Claims & Fed Powell Speech

Monetary policy meeting decisions released to the public enabled members of the public to improve their understanding of the Governing Council’s assessment of the economy and its policy responses for the year.

Market is anticipating stronger tone to be set by Jerome Powell after last week statement’s was dovish and lead to a weaker dollar across the board. Finally US Job Sector report will be released which will be highly a considerable factor for Jerome Powell to end on a stronger note.

Friday

• GBP Gross Domestic Product
• EUR ZEW Economic Sentiment
• USD Consumer Price Index Ex Energy & Food

The GDP is considered as a broad measure of the UK economic activity and this will be key indicator of the current status of UK pre-Brexit to be taking place in March.

Followed by Euro ZEW Economic Sentiment which will be key indicator for all the investors cued in for the Current Euro Zone Investors sentiment of Europe & its future trends of the market.

Finally to conclude the week US will release their Consumer Price Index Ex Food & Energy which will be significant indicator of the current Retail Prices and Movement of the market.