This Week’s Forex News Events: Jan 28 – Feb 3

Martin

January 29, 2024

Event	Date	Time	Currency	Impact	Forecast	Previous
Retail Sales m/m	Tue Jan 30	5:30am	AUD	Medium	-1.9%	2.0%
Spanish Flash CPI y/y	Tue Jan 30	1:00pm	EUR	Medium	3.0%	3.1%
S&P/CS Composite-20 HPI y/y	Tue Jan 30	7:00pm	USD	Medium	5.8%	4.9%
CB Consumer Confidence	Tue Jan 30	8:00pm	USD	High	114.2	110.7
JOLTS Job Openings	Tue Jan 30	8:00pm	USD	High	8.73M	8.79M
CPI q/q	Wed Jan 31	5:30am	AUD	High	0.8%	1.2%
CPI y/y	Wed Jan 31	5:30am	AUD	High	3.7%	4.3%
Trimmed Mean CPI q/q	Wed Jan 31	5:30am	AUD	High	0.9%	1.2%
Manufacturing PMI	Wed Jan 31	6:30am	CNY	High	49.3	49.0
Non-Manufacturing PMI	Wed Jan 31	6:30am	CNY	Medium	50.6	50.4
German Prelim CPI m/m	Wed Jan 31	All Day	EUR	High	0.1%	0.1%
ADP Non-Farm Employment Change	Wed Jan 31	6:15pm	USD	High	145K	164K
GDP m/m	Wed Jan 31	6:30pm	CAD	High	0.1%	0.0%
Employment Cost Index q/q	Wed Jan 31	6:30pm	USD	High	1.0%	1.1%
Chicago PMI	Wed Jan 31	7:45pm	USD	Medium	47.9	46.9
Federal Funds Rate	Thu Feb 1	12:00am	USD	High	5.50%	5.50%
FOMC Statement	Thu Feb 1	12:00am	USD	High
FOMC Press Conference	Thu Feb 1	12:30am	USD	High
Caixin Manufacturing PMI	Thu Feb 1	6:45am	CNY	Medium	50.8	50.8
Core CPI Flash Estimate y/y	Thu Feb 1	3:00pm	EUR	Medium	3.2%	3.4%
CPI Flash Estimate y/y	Thu Feb 1	3:00pm	EUR	Medium	2.7%	2.9%
OPEC-JMMC Meetings	Thu Feb 1	All Day	All	Medium
BOE Monetary Policy Report	Thu Feb 1	5:00pm	GBP	High
Monetary Policy Summary	Thu Feb 1	5:00pm	GBP	High
MPC Official Bank Rate Votes	Thu Feb 1	5:00pm	GBP	High	2-0-7	3-0-6
Official Bank Rate	Thu Feb 1	5:00pm	GBP	High	5.25%	5.25%
Unemployment Claims	Thu Feb 1	6:30pm	USD	High	213K	214K
ISM Manufacturing PMI	Thu Feb 1	8:00pm	USD	High	47.2	47.4
ISM Manufacturing Prices	Thu Feb 1	8:00pm	USD	Medium	45.8	45.2
Average Hourly Earnings m/m	Fri Feb 2	6:30pm	USD	High	0.3%	0.4%
Non-Farm Employment Change	Fri Feb 2	6:30pm	USD	High	187K	216K
Unemployment Rate	Fri Feb 2	6:30pm	USD	High	3.8%	3.7%
Revised UoM Consumer Sentiment	Fri Feb 2	8:00pm	USD	High	79.0	78.8

This table is in EST (Eastern Standard Time)

This Week’s Forex News Events: Jan 28 – Feb 3:

As we approach the upcoming week’s Forex landscape, it’s essential to be well-prepared for the market fluctuations driven by key economic events. Before we dive into the details, don’t miss out on the powerful trading tools and expert advisors offered by 4xPip at [email protected].

1. Tuesday, Jan 30:Economic Pulse in Australia and the US:

Retail Sales m/m (AUD): Keeping a close eye on Australia’s retail sales figures at 5:30 am EST, with a medium impact, may provide insights into consumer spending trends.

CB Consumer Confidence (USD): High impact at 8:00 pm EST, the Consumer Confidence report could influence the USD’s trajectory.

2. Wednesday, Jan 31: Inflation Metrics and Job Data:

CPI q/q and y/y (AUD): High impact at 5:30 am EST, Australia’s Consumer Price Index data will shed light on inflation trends.

ADP Non-Farm Employment Change (USD): At 6:15 pm EST, the private sector job figures might set the tone for Friday’s Non-Farm Payroll report.

Federal Funds Rate (USD): The high impact decision on interest rates by the Federal Reserve will be announced at midnight.

3. Thursday, Feb 1: Global Policy and Economic Reports:

BOE Monetary Policy Report (GBP): At 5:00 pm EST, the Bank of England’s report could influence the GBP’s performance.

OPEC-JMMC Meetings: Keep an eye on all day events involving OPEC, impacting various currencies and commodities.

4. Thursday, Feb 1: Manufacturing Data and Monetary Policy:

Caixin Manufacturing PMI (CNY): Medium impact at 6:45 am EST, China’s manufacturing data can influence global sentiment.

Monetary Policy Summary and Official Bank Rate Votes (GBP): Announcements at 5:00 pm EST regarding the UK’s monetary policy.

5. Thursday, Feb 1: US Economic Indicators:

Unemployment Claims (USD): At 6:30 pm EST, the jobless claims report could influence market sentiment.

ISM Manufacturing PMI and Prices (USD): At 8:00 pm EST, these indicators provide insights into the health of the US manufacturing sector.

6. Friday, Feb 2: US Employment Data:

Non-Farm Employment Change and Unemployment Rate (USD): At 6:30 pm EST, the Non-Farm Payrolls report will impact the USD.

Revised UoM Consumer Sentiment (USD): At 8:00 pm EST, the revised consumer sentiment figures could affect the market.

Summary:

As the week unfolds, be vigilant and strategic in your trading decisions. Stay informed about these critical events to navigate the Forex market effectively. For additional tools and expert advisors, explore the offerings at 4xPip ([email protected]).