Market Prospect of Important Economic News & Events of the week!

February 5, 2018

Dollar Rebounds Following NFP, Central Banks in Focus.

Market Prospect of Important Economic News & Events of the week!

This article is originally referred from FXPrimus News

FXPrimus has summarized the important market indicators of the week.


DOLLAR rose against majors last Friday following a strong employment report closing the week on a neutral footing.

The Greenback had experienced a substantial sell-off before the Friday despite the broadly bullish economic data releases; the gain was the boost he DOLLAR needed.

EURO and POUND ended the weekly session on the same note; indecision candles.

GOLD and OIL longest rallies halted as DOLLAR pushed higher.

This week starts on a heavy footing on the fundamentals but during the week, heavier data is expected from central banks.


February 5th, Monday

Investors shift focus on PMIs, Draghi speech on ECB’s Annual report to influence markets.

A strong start to the week with the UK Services and US Non-Manufacturing PMI reports in the spotlight, at 09:30 and 15:00 GMT respectively.

Markets will eye Draghi’s remarks on the ECB’s Annual Report for 2016 at 16:00 GMT.

February 6th, Tuesday

Australian Interest Rates and New Zealand Jobs report in focus.

Early in the Sydney session Australia will publish its latest retail Sales and Trade Balance data and hours later (03:30 GMT) RBA its interest rate decision; likely to remain unchanged.

At 13:30 GMT Canada will release its own trade Balance

February 7th, Wednesday

New Zealand Interest Rates to set tone for 2018, WTI weekly report to draw attention.

Volatility in the session will kick-in late with API’s weekly report coming up at 15:30 GMT in the Wednesday trading day.

Near the closing of NY RBNZ will publish its latest Interest Rate decision; likely to remain unchanged, and this will be followed by RBNZ Conference at 21:00 GMT.

FOMC Members Dudley and Williams are also due to speak during the Wednesday session.

February 8th, Thursday

British Inflation and Interest Rate to dominate daily calendar.

BoE expected to hold interest rates unchanged too, standing pat as analysts anticipated for RBA and RBNZ too.

The decision will be announced at 12:00 GMT.

On other significant events RBA Gov Lowe will speak at the A50 Australian Economic Forum dinner at 09:00 GMT, while the US Jobless Claims report will most likely have an impact on US pairs at 13:30 GMT too.

February 9th, Friday

Canadian Employment report end-of-week highlight, RBA Policy Statement to add on to volatility.

The closing of the week is likely to be il-liquid until the US as the calendar is light on that side. RBA will publish its monetary policy statement at 00:30 GMT, early in the session, and an hour later China will release its own CPI and PPI reports.

In the UK, the Office of National Statistics will release its monthly Manufacturing Production report at 09:30 GMT, in Canada, at 13:30 GMT, volatility will be strong as the Canadian Jobs reports are expected and late in the session New Zealand its monthly employment report (21:45 GMT).

Original Source: FXPrimus News

123 USD for Free

50 USD for Free

$30 for Free

3500 USD for Free

88,8 USD for Free

up to $1000 for Free

Partner brands