The week ahead: 30 Jan-03 Feb

things-to-watch-on-the-economic-calendar
Things to Watch on the Economic Calendar

Welcome to the Year of the Rooster! It’s coming to the end of the first month of 2017 and here’s what happened! Billionaire tycoon, Trump became the 45th President of America and he has a firm belief that Brexit will be a ‘beautiful thing.’ Global financial markets seem to get busier and more complex in 2017. The markets are operating in an extremely volatile environment as the attention keeps turning to Trump’s plans to ‘Make America Great Again’ which are not necessarily favourable by everyone. All attention will be on Wednesday’s statement by the Federal Reserve and Friday’s U.S nonfarm payrolls. Indigo FX has gathered this week’s most important data that will affect the markets.

Monday

• Financial markets in China are closed for the Lunar New Year Holiday
• 10:00 – Eurozone Consumer Confidence (Jan) Expected to stay the same at -4.9.
• 10:00 – Eurozone Services Sentiment (Jan) Previous 12.9 expected at 12.6.
• 10:00 – Eurozone Industrial Confidence (Jan) previous 0.1 expected at 0.2.
• 10:00- Eurozone Business Climate (Jan) previous 0.79.
• 10:00- Eurozone Economic Sentiment Indicator (Jan) was 107.8 expected 107.9.
• 13:30 – US Personal Consumption Expenditure was 0%.
• 13:30- US Core Personal Consumption Expenditure 1.6%.
• 13:30- US Personal Spending (Dec) was 0.2% expected 0.4%.
• 13:30- US Personal Consumption Expenditure (Dec) was 0.0% expected 0.2%.
• 13:30- US Personal Consumption Expenditure was 1.4%.
• 13:30- US Personal Income (DEC)- was 0.0% expected 0.4%.
• 15:00- US Pending Home Sales (Dec) was -2.5% expected at 1.1%.
• 15:30- US Dollas Fed Manufacturing Business Index (Jan) was 15.5

Tuesday

• Financial markets in China are closed for the Lunar New Year Holiday
• 00.01-UK GFK Consumer Confidence (Jan)
• 07.00- Eurozone German Retail Sales (MoM) (Dec)
• 08.00- Eurozone ECB President Draghi Speaks
• 08.55- Eurozone German Unemployment Change (Jan)
• 08.55- Eurozone German Unemployment Rate (Jan)
• 09.30- UK BoE Consumer Credit (Dec)
• 09.30- UK Mortgage Approvals (Dec)
• 09.30- UK Mortgage Lending (Dec)
• 10.00- Eurozone CPI (YoY) (Jan)
• 10.00- Eurozone GDP (QoQ) (Q4)
• 10.00- Eurozone GDP (YoY) (Q4)
• 10.00- Eurozone Unemployment Rate (Dec)
• 15.00- US CB Consumer Confidence (Jan)

Wednesday
• Financial markets in China are closed for the Lunar New Year Holiday
• 07.00- UK Nationwide HPI (MoM) (Jan)
• 09.00- Eurozone Manufacturing PMI (Jan)
• 09.30- UK Manufacturing PMI (Jan)
• 13.15- US ADP Nonfarm Employment Change (Jan)
• 15.00- US ISM Manufacturing PMI (Jan)
• 15.30- US Crude Oil Inventories
• 19.00- FOMC Statement
• 19.00- Fed Interest Rate Decision

Thursday
• Financial markets in China are closed for the Lunar New Year Holiday
• 09.30- UK Construction PMI (Jan)
• 12.00- UK BoE Inflation Report
• 12.00- UK BoE MPC vote cut (Feb)
• 12.00- UK BoE MPC vote hike (Feb)
• 12.00- UK BoE MPC vote unchanged (Feb)
• 12.00- UK BOE QE Total (Jan)
• 12.00- UK BoE Interest Rate Decision (Jan)
• 12.00- UK BoE MPC Meeting Minutes
• 12.15- Eurozone ECB President Draghi Speaks
• 12.30- UK BoE Gov Carney Speaks
• 13.30- US Initial Jobless Claims

Friday
• 08.55- Eurozone German Services PMI (Jan)
• 09.00- Eurozone Markit Composite PMI (Jan)
• 09.00- Eurozone Services PMI (Jan)
• 09.00- UK Services PMI (Jan)
• 10.00- Eurozone Retail Sales (MoM) (Dec)
• 13.30- US Average Hourly Earnings (MoM) (Jan)
• 13.30- US Nonfarm Payrolls (Jan)
• 13.30- US Unemployment Rate (Jan)
• 14.45- US Services PMI (Jan)
• 15.00- US ISM Non-Manufacturing PMI (Jan)
• 18.00- US Baker Hughes Oil Rig Count