Here is our round-up of the key trading events for the 17th to the 21st of February. The week has a limited amount of notable indicators, but they are of upmost importance, so keep a close eye on the events below.
[Note: All times stated are GMT]
Monday
The trading weeks gets underway with a very interesting release from the Australian Bureau of Statistics. As you may have read, Toyota announced last week that it would cease manufacturing operations in Australia by 2017, making it the third major auto company to pull out of the country in the last 10 months. The effect? The loss of an estimated 30,000 jobs. In the early hours of the morning, at 12:30, Australia’s New Motor Vehicle Sales figures for January come out. Another low number here could prompt investors to speculate on yet another pullout, possibly by Mazda, which would depress the Australia economy further, and send the Aussie spiraling downward against its currency peers.
Tuesday
Once again we start off the day early, at 12:30am, with a report from Australia: the Monetary Policy Meeting Minutes of the Reserve Bank of Australia. This meeting, a fortnight ago, resulted in the central bank maintaining its cash rate at a record-low 2.5 percent. Then, at 9:30 in London, the Consumer Price Index brings us inflation figures from the U.K.’s Office for National Statistics. The last important tradable event of the day, German Z.E.W. Economic Sentiment, comes just half an hour later at 10:00.
Wednesday
The day begins in the U.K. with Claimant Count Change and the Unemployment Rate at 9:30; these should be the prime movers of the pound crosses on this day. There are 2 MPC vote results on the Official Bank Rate and Asset Purchase Facility - but don’t expect any fireworks. There hasn’t been a single point of discord since Mark Carney took over as Governor of the Bank of England last July. Bank De Binary’s analysts are predicting another 9-0 in favor of keeping things just as they are.
At 13:30 we get our first look at U.S. data for the week, with Building Permits and the highly anticipated Producer Price Index for January. But the biggest trading event of the day occurs at 19:00, when we get to see the minutes of the first FOMC meeting since Janet Yellen took over from Ben Bernanke back in January. You simply cannot miss this opportunity to peek behind the doors of the Federal Reserve if you trade the euro/dollar.
Thursday
We remain focused on the world’s most popular currency pair this morning, as we turn to Europe for both French and German Flash Manufacturing PMI reports at 8:00 and 8:30 respectively. In the afternoon it’s back to Washington for Core CPI figures and the weekly jobless report, with Unemployment Claims from the US coming out at 13:30. This is followed by the last key event of the day, the Philly Fed Manufacturing Index, at 15:00.
Friday
Only a few events of significance on Friday, beginning at 9:30 in the morning with U.K. Retail Sales Figures for January. At 13:30, we see both Canadian Core Retail Sales and Core CPI giving us inflation data for December and January respectively. The last key event of the week is the U.S. Existing Home Sales report which is out at 15:00.
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