Weekly Fundamental Forecasts 20 – 24 Jan

Fundamental data/events which may influence market  this week:

  1. NZ (CPI) : Monday, 21:45. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.last read was 0.9 , forecast is -0.1%.A higher than expected reading should be taken as positive/bullish for the NZD, while a lower than expected reading should be taken as negative/bearish for the NZD.
  2. German ZEW Economic Sentiment: Tuesday, 10:00. The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts. Last read was 62.0 , forecast is 63.7.A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
  3. Australian (CPI); Wednesday, 0:30. The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation. Last read was 1.2% , forecast is 0.5%.A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
  4. Bank of Japan rate decision & Press Conference: Wednesday. The Bank of Japan (BOJ) press conference looks at the factors that affected the most recent interest rate decision, the overall economic outlook, inflation and offers insights into future monetary policy decisions.Bank of Japan (BOJ) policy board members come to a consensus on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. last was 0.10% ,forecast is 0.10%.A higher than expected rate is positive/bullish for the JPY, while a lower than expected rate is negative/bearish for the JPY.
  5. UK Claimant Count Change & Bank of England Minutes : Wednesday, 9:30.The Monetary Policy Meeting Minutes are a detailed record of the Bank of England’s policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates. The breakdown of the MPC members’ interest rate votes tends to be the most important part of the minutes.Claimant Count Change measures the change in the number of unemployed people in the U.K. during the reported month. A rising trend indicates weakness in the labor market, which has a trickle-down effect on consumer spending and economic growth.last read was -.36.7 K , forecast is -35.0 K.A higher than expected reading should be taken as negative/bearish for the GBP, while lower than expected reading should be taken as positive/bullish for the GBP.
  6. Canadian rate decision: Wednesday, 15:00. Bank of Canada (BOC) governing council members come to a consensus on where to set the rate.Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. last rate was 1% , forecast is 1%.A higher than expected rate is positive/bullish for the CAD, while a lower than expected rate is negative/bearish for the CAD.
  7. German Manufacturing PMI: Thursday ,08:30 .The German Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.last read was 54.3 while forecast is 54.9.A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
  8. US Jobless Claims: Thursday, 13:30. Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.Last read was 326K , forecast is 331K .A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
  9. US Existing Home Sales: Thursday, 15:00. Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength.last read was 4.90 M , forecast is 4.99M.A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

*All times are GMT

MARKET DATA

UPCOMING ECONOMIC EVENTS