Chat with us, powered by LiveChatWeekly Analysis ( 23 Jan – 27 Jan 2023 )

Weekly Analysis ( 23 Jan – 27 Jan 2023 )

Weekly Analysis ( 23 Jan – 27 Jan 2023 )

Weekly Analysis ( 23 Jan – 27 Jan 2023 )

23 Jan – 27 Jan 2023

Time(GMT)

CRY

Event

Monday

Holiday

CNY

Chinese New Year

17:45

EUR

ECB Lagarde Speaks

Tuesday

Holiday

CNY

Chinese New Year

08:30

EUR

German Manufacturing PMI

09:30

GBP

Composite, Manufacturing, Services PMIs

09:45

EUR

ECB Lagarde Speaks

21:45

NZD

New Zealand CPI

Wednesday

Holiday

CNY

Chinese New Year

00:30

AUD

Australia CPI

09:00

EUR

German Ifo Business Climate Index

15:30

USD

Crude Oil Inventories

Thursday

Holiday

CNY

Chinese New Year

13:30

USD

US GDP

13:30

USD

US Initial Jobless Claims

13:30

USD

US Durable Goods Orders

Friday

Holiday

CNY

Chinese New Year

10:30

EUR

ECB Lagarde Speaks

13:30

USD

US Core PCE Price Index

15:00

USD

Pending Home Sales

The U.S. debt limit is likely to have a significant impact on financial markets. Investors will be provided with updates on the growth of the U.S economy in the fourth quarter, which is predicted to remain strong despite recent indications of a downturn. Additionally, information about PMI in the Eurozone and inflation figures from Japan will also be closely monitored. These are the key things to be aware of as the week begins.

The U.S. government reached its debt limit of $31.4 trillion on Thursday while facing a disagreement between conservative Republicans and President Joe Biden's Democratic party over increasing the country's debt ceiling.

In the upcoming week, the performance of technology stocks will be evaluated as companies release their earnings reports. Investors will be closely watching to see if large technology firms can continue to grow their revenue and profits while also reducing expenses, as the U.S. economy appears to be slowing down and possibly heading towards a recession. Among the companies reporting this week are Microsoft, the second-largest U.S. company by market value, on Tuesday, Tesla led by Elon Musk on Wednesday, and Intel on Thursday.
On Thursday, the United States will release an initial estimate of the fourth quarter's Gross Domestic Product (GDP). Analysts anticipate that the economy has grown by an annualized rate of 2.6%, following a 3.2% expansion in the third quarter.

ECB President Christine Lagarde, who recently spoke out against the idea that the ECB would slow its rate hike plans due to recent drops in inflation, has two upcoming speaks this week. Additionally, the Eurozone is set to release economic data that will give more insight into the overall health of the economy. On Wednesday, the German Ifo business climate index, a closely monitored metric, is predicted to show improvement for a second consecutive month.

In Japan, inflation is currently at a 40-year high and is twice the target set by the BOJ, however, the BOJ is resisting the idea that its prolonged, ultra-loose monetary policy will be ending soon. On Wednesday, both Australia and New Zealand will reveal their inflation data as the Reserve Bank of Australia considers pausing rate hikes and the Reserve Bank of New Zealand weighs the possibility of further tightening their monetary policy.
This site uses cookies

This website uses cookies to enhance your browsing experience. By continuing to use this site, you consent to the use of cookies. To learn more about how we use cookies and how you can manage them, please review our Privacy Policy.

LOADING...