Economic Events


Important upcoming events and publications

Important upcoming events and publications for January, 4 (GMT):

08:55 Germany Unemployment is an important indicator of economic activity. The number of unemployed continues to decline, which allows the country to remain the engine of growth in the eurozone. Due to today’s publication of American Non-farm payrolls, data from Germany may not cause a sharp reaction #EUR. However, investors and traders will take this information into account, which could hit the euro if unexpectedly weak data is released.

09:30 U.K. Services PMI and Composite index often have a significant impact on the dynamics of the #GBP at the time of release. During the previous three months, the index slowed sharply, coming close to the area around 50, which separates growth from fall. December data is expected to show an increase from 50.4 to 50.8.

13:30 U.S. Employment report is the most important economic release for markets on Friday. This is one of the most difficult to predict indicators. Significant deviation from expectations (181K) is able to cause wild market swings, affecting stocks, commodities and currency pairs with #USD. ADP Employment report in the private sector significantly exceeded expectations (271K vs 179K), probably slightly increased market expectations for NFP.

13:30 Canada Employment data will be overshadowed by the publication from the United States. However, investors and traders will take this information into account, which may hit the #CAD in case of unexpectedly weak data.

15:15 Speech of the Fed chairman Jerome Powell, together with his two predecessors, Janet Yellen and Ben Bernanke, in an interview can be a trigger for a new burst of market volatility, as it may have hints to change the tone of the FOMC to a softer, or, on the contrary, to confirm the mood for the further increase of rates, while markets put 40% probability of rate cut (!) in 2019.

See the detailed Economic calendar here

Source: FxPro

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