4th February 2019 - 8th February 2019
Market focus will be on the Germany consumer price index figure which will finalize Eurozone inflation numbers. GPB PMI construction shows business conditions in UK construction sector with so many Brexit uncertainties. By dawn of Tuesday we will receive the AUD Interest Rate Decision & Rate Statement which will give us a clear understanding on the current Economic Outlook of Australia. Any hints about changes in rates may impact the Aussie. To conclude the day, US will release their Markit Services & PMI Composite figures which will be a key indicator on their current Business conditions. The USD pulled back a bit in Thursday’s session as the softer stance of Federal Reserve continuing to bother the market. With the Federal Reserve sounding a bit softer these days, it makes sense that the move will accelerate after Jerome Powell will give his press conference. Reports from Factory orders could indicate their current Manufacturing sector outlook which is a major contributor to EUR GDP. In addition to the regular rate decision and meeting minutes, this is a “Super Thursday” in which the Bank of England also publishes its Quarterly Inflation Report. Governor Mark Carney holds a press conference after the event however growing uncertainty around Brexit overshadows everything. Canada’s jobs report is published on a different Friday than the US one, allowing USD/CAD to move solely on the outcome. Canada ended the year with a modest increase in jobs: 9.3K after a surge of 94.1K in October. The unemployment rate surprised by staying at 5.6% instead of an expected rise. We may see similar numbers now Monday
Tuesday
Wednesday
Thursday
Friday
