Weekly Analysis (29 Jan - 2 Feb)
| Time | Currency | Event |
| Monday | ||
| 11:30 | JPY | Unemployment Rate |
| 11:30 | JPY | Jobs/Applications Ratio |
| Tuesday | ||
| 00:30 | AUD | Retail Sales MoM Prel |
| 09:00 | EUR | GDP Growth Rate QoQ. GER |
| 09:00 | EUR | GDP Growth Rate YoY Flash. GER |
| 10:00 | EUR | GDP Growth Rate QoQ Flash |
| 10:00 | EUR | GDP Growth Rate YoY Flash |
| 10:00 | EUR | Consumer Confidence Final |
| 15:00 | USD | JOLTs Job Openings |
| 23:50 | JPY | Retail Sales YoY |
| Wednesday | ||
| 00:30 | AUD | Inflation Rate YoY |
| 00:30 | AUD | Inflation Rate QoQ |
| 01:30 | CNY | NBS Manufacturing PMI |
| 05:00 | JPY | Consumer Confidence |
| 13:00 | EUR | Inflation Rate YoY Prel |
| 13:30 | EUR | GDP MoM Prel |
| 14:45 | USD | Chicago PMI |
| 19:00 | USD | Fed Interest Rate Decision |
| 19:30 | USD | Fed Press Conference |
| Thursday | ||
| 00:30 | AUD | Building Permits MoM |
| 00:30 | JPY | Jibun Bank Manufacturing PMI |
| 01:45 | CNY | Caixin Manufacturing PMI JAN |
| 10:00 | EUR | Inflation Rate YoY |
| 10:00 | EUR | Core Inflation Rate YoY |
| 12:00 | GBP | BoE Interest Rate Decision |
| 13:45 | EUR | ECB President Lagarde Speech |
| 15:00 | USD | ISM Manufacturing PMI |
| Friday | ||
| 00:30 | AUD | PPI QoQ |
| 13:30 | USD | Non-farm Payrolls |
| 13:30 | USD | Unemployment Rate |
| 13:30 | USD | Average Hourly Earnings MoM |
The upcoming week is packed with important events in the US, including the first Federal Reserve meeting of the year. Also on the agenda is important data such as the US labor market report, the ISM PMI for manufacturing, and JOLTs for job openings. The Fed is expected to leave interest rates at their highest level in 23 years and investors are eager for clues about possible rate cuts this year. Non-farm Payrolls are expected to have increased by 162K in January, a decrease from the previous month's 216K. The unemployment rate is expected to remain at 3.7% and wage growth is expected to slow to 0.3%. The ISM PMI is expected to show a continued contraction in the manufacturing sector. Other data such as ADP employment growth, Q4 labor productivity, labor costs, new factory orders, and regional industry indices are also expected.
In Canada, the monthly GDP figures and the S&P Global Manufacturing PMI will take center stage.
In Europe, preliminary Q4 GDP growth, inflation, business surveys, and unemployment data for major Eurozone countries like Spain, Germany, France, and Italy are expected. The Eurozone economy likely stalled in Q4. Inflation in the Eurozone may have eased to 2.8% in January. Germany's retail sales are forecasted to recover, and its unemployment rate is projected to remain high.
In the UK, the Bank of England is anticipated to maintain its 5.25% interest rate. Investors are looking for signs of a change in the BoE's approach to borrowing costs. Key data releases include monetary indicators, housing prices, labor productivity, and final manufacturing PMI.
In Asia, attention is on China's January PMIs, expected to reflect subdued manufacturing activity. Japan's focus is on the BoJ’s Summary of Opinions for policy direction insights, along with consumer confidence, industrial production, retail sales, unemployment rate, and housing starts.
In Australia, the main highlight is the anticipated slowdown in headline inflation. Data on December's retail sales and building permits will also be released.