Sunday, 31 January 2016

Forex - Weekly outlook: February 1 - 5


In the week ahead, investors will be awaiting a flurry of survey data on manufacturing and service sector growth from China, the U.S. and the U.K. amid growing concerns over the outlook for the global economy.

Investors will also be awaiting Friday’s U.S. jobs report for January for fresh indications of the strength of the labor market.
Central bank meetings in the U.K. and Australia will also be in focus.
Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets.


Monday, February 1
China is to publish official data on manufacturing and service sector activity as well as the Caixin manufacturing index.

The U.K. is to produce a report a manufacturing activity.

In the U.S., the Institute of Supply Management is to release data on manufacturing activity.

ECB President Mario Draghi is to testify about the bank’s annual report for 2015 before the European Parliament, in Strasbourg.


Tuesday, February 2
The Reserve Bank of Australia is to announce its benchmark interest rate and publish its rate statement, which outlines economic conditions and the factors affecting the monetary policy decision.

The euro zone is to release data on the unemployment rate.

The U.K. is to publish survey data on construction activity.


Wednesday, February 3
New Zealand is to publish its quarterly employment report. Meanwhile, Reserve Bank of New Zealand Governor Graeme Wheeler is to speak at an event in Christchurch.

Australia is to release reports on building approvals and the trade balance.

China is to publish its Caixin services index.

BoJ Governor Haruhiko Kuroda is to speak at an event in Tokyo.

The U.K. is to produce a report on service sector activity.

The U.S. is to publish the ADP report on private sector jobs creation and the ISM is to publish data on service sector activity.



Thursday, February 4
Australia is to publish private sector data on business confidence.

ECB President Mario Draghi is to speak at an event in Frankfurt.

The Bank of England is to announce its interest rate decision and publish the minutes of its monetary policy meeting. The bank is also to publish its quarterly inflation report.

BoE Governor Mark Carney is to hold a press conference to discuss the report.

The U.S. is to release data on initial jobless claims and factory orders.



Friday, February 5
The RBA is to publish its monetary policy statement. Australia is to release data on retail sales.
In the euro zone, Germany is to publish a report on factory orders.

The Swiss National Bank is to publish data on its foreign currency reserves. This data is closely scrutinized for indications of the size of the bank’s operations in currency markets.

Canada is to publish its monthly employment report and data on the trade balance.

The U.S. is to round up the week with the closely watched report on nonfarm payrolls and data on the trade balance.

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