Week Ahead | Trade Tensions Eased, Economic Data & Central Bank Meetings in Focus

20th of January 2020 – 24th of January 2020

Monday

• USD Closed Martin L.King’s Birthday

 

Tuesday

• JPY BoJ Monetary Policy Statement, Boj Interest Rate Decision

• GBP ILO Unemployment Rate

• EUR ZEW Survey

BoJ Interest Rate Decision is announced by the Bank of Japan. Generally, if the BoJ is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the JPY.

The Economic Sentiment published by the Zentrum für Europäische Wirtschaftsforschung 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

• USD Housing Price Index

• CAD BoC Interest Rate Decision

 

The Housing Price Index released by the Federal Housing Finance Agency provides an estimated value of housing market conditions. It is an important indicator as the housing market is considered as a sensitive factor to the US economy. 

 

Thursday

• EUR ECB Interest Rate Decision

• USD Jobless Claims

• EUR ECB Monetary Policy Statement and Press Conference 

ECB Interest Rate Decision is announced by the European Central Bank. Usually if the ECB is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive, or bullish, for the EUR. Likewise, if the ECB has a dovish view on the European economy and keeps the ongoing interest rate, or cuts the interest rate it is seen as negative, or bearish.

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. 

 

Friday

• EUR Markit Manufacturing PMI

• EUR Markit PMI Composite 

The Manufacturing Purchasing Managers Index (PMI) released by the Markit economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in Germany.