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#1 10-02-2020 09:28:36

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD: our selection of key events that could affect the pair soon

EUR/USD: our selection of key events that could affect the pair this week


After last week, which was driven by the US ISM indices, the ADP report, and especially the NFP report, this new week will remain busy, with many events on the forex economic calendar that are likely to influence the EUR/USD and other currency pairs.

Below is a list of the economic events that will likely impact the markets this week (all time indicated are Central European Time):

Today:


Today will be an exception, as no important statistics are expected!

Tuesday:

Serious stuff begins tomorrow, including a speech by the ECB's Christine Lagarde at 15:00, followed by a speech by Jerome Powell, from the Fed, at 16:00. We will also watch for the JOLTS report on US job offers for December, at this same time.

Wednesday:

Wednesday's trading starts with the Eurozone Industrial Production at 11:00 a.m. The consensus forecasts a -1.4% decline, after recording +0.3% the previous month. Also to be watched for at 16:00 is a speech by Fed head Powell.

Thursday:

The most important event to watch will be the US CPI for January at 14:30. The consensus forecast calls for a stable monthly CPI at 0.2%. Excluding food and energy, the monthly CPI should reach 0.2% after 0.1% previously.

At the same time, we will also be watching weekly jobless claims, which should climb to 209k vs. 199k the previous week according to the economists' consensus.

Friday:

Finally, Friday will undoubtedly be the most important day of the week, starting with Germany's preliminary GDP for last year's final quarter. This is expected to be 0.1% as previously in quarterly data, and 0.2% versus 1% previously in annual data.

GDP for the Euro area as a whole is also expected on the same day, and the consensus forecast is for 0.1% growth in quarterly data and 1% in annual data, identical to the previous month's performance.

US Retail Sales for last month, which will be published at 14:30 and will likely be the most important statistic of the week, are expected to rise by 0.3% after 0.6% previously.

At 15:15, it is then last month's industrial production that we will have to watch out for, while economists are expecting a decline of -0.2% after -0.3% previously.

Finally, at 16:00, we will be watching the US consumer confidence index according to the University of Michigan, for which the consensus is for a drop to 100.1 points after 100 previously.

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