Weekly Analysis 27 Feb - 03 Mar 2023
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27 Feb– 03 Mar 2023 |
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Time(GMT) |
CRY |
Event |
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Monday |
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13:30 |
USD |
US Core Durable Goods Orders |
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15:00 |
USD |
US Pending Home Sales |
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Tuesday |
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00:30 |
AUD |
AUS Retail Sales |
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13:30 |
CAD |
CAD GDP |
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15:00 |
USD |
CB Consumer Confidence |
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Wednesday |
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00:30 |
AUD |
AUS GDP |
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01:30 |
CNY |
CNY Manufacturing PMI |
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01:45 |
CNY |
Caixin Manufacturing PMI |
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08:55 |
EUR |
German Unemployment |
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09:30 |
GBP |
UK Manufacturing PMI |
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13:00 |
EUR |
German CPI |
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Thursday |
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10:00 |
EUR |
EU CPI |
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13:30 |
USD |
US Initial Jobless Claims |
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21:00 |
USD |
FOMC Waller Speaks |
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Friday |
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01:45 09:30 |
CNY |
Caixin Services PMI |
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15:00 |
USD |
US ISM Non-Manufacturing PMI |
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16:45 |
USD |
FOMC Bostic Speaks |
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This week, various economic data releases in the United States and Europe will provide valuable information about the future direction of interest rates. Additionally, the Purchasing Managers' Index (PMI) data from China will reveal how well the country's economy is doing following the Lunar New Year celebrations. Investors will keep an eye out for any indications of a more aggressive monetary policy by the Federal Reserve, and there will be more earnings reports from the retail sector. Here's a brief summary of what to expect in the upcoming week. This week, investors can expect to receive new information on the state of the economy through various data releases. These reports include durable goods orders, consumer confidence, and home sales figures. On Wednesday and Friday, respectively, the ISM manufacturing and service sector reports for February will also be made available. These releases will provide valuable insights into the current strength of the economy and could potentially impact investment decisions. The upcoming week is expected to be relatively quiet in terms of speeches from Federal Reserve officials. The main event will be a speech by Governor Chris Waller, scheduled for Thursday, which will focus on providing an outlook for the economy. The European Central Bank is widely expected to announce another 50-basis point rate hike at its upcoming meeting in mid-March. However, there is still some uncertainty about what will happen after that. This week's preliminary data on Eurozone inflation will be closely monitored for any indications about the ECB's future monetary policy decisions. The inflation figures will provide valuable information about the overall state of the Eurozone economy and could potentially impact the central bank's future actions. On Wednesday, the release of PMI (Purchasing Managers' Index) data will provide valuable insights into how China's economic reopening is progressing. The data will shed light on various aspects of the economy, such as manufacturing and service sector activity, and will give investors a better understanding of the current state of the Chinese economy. Initial indications suggest that there has been a rebound in consumer activity during the Lunar New Year holiday period, which could be a positive sign for the economy. As such, the PMI data release is likely to be closely watched by investors. |
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