28th January 2019 - 31st January 2019
• EUR ECB Draghi’s Speech European Central Bank President Mario Draghi will testify in the European Parliament in Brussels. He may add more insights into the current economic situation after the rate decision. Draghi may be asked about the risks of a recession and about wages. Any hints about changes to the rate prospects will move the euro. • GBP UK Parliamentary Vote on Brexit Plan B The UK Parliament will decide whether the UK PM May's Brexit Plan B is valid or not. In the case the Parliament don't approve it, chances of a hard Brexit will increase exponentially. • EUR Harmonized Index Consumer Prices • USD ADP Employment Change, Fed Monetary Policy Statement & Interest Rate Decision HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union. HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms. With a pre-set regularity, a nation's Central Bank has an economic policy meeting, in which board members took different measures, the most relevant one, being the interest rate that it will charge on loans and advances to commercial banks. In the US, the Board of Governors of the Federal Reserve meet at intervals of five to eight weeks, in which they announce their latest decisions. A rate hike tends to boost the local currency, as it is understood as a sign of a healthy inflation. • EUR Consumer Price Index , Unemployment Rate & Gross Domestic Product • USD Jobless Claims The Consumer Price Index released by INSEE is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of the Euro is dragged down by inflation. The Unemployment Rate released by the Bundesagentur für Arbeit and published by the German Statistics Office shows, in a percent basis, the amount of unemployed people in Germany, using seasonally adjusted data. The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. The Initial Jobless Claims released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. • USD Nonfarm Payrolls , Average Hourly Earnings & ISM Manufacturing PMI The nonfarm payrolls released by the US Department of Labor presents the number of new jobs created during the previous month, in all non-agricultural business. The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank. The number is also subject to strong reviews in the upcoming months, and those reviews also tend to trigger volatility in the forex board. The Average Hourly Earnings released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. The Institute for Supply Management (ISM)Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US.Monday
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