Forex Week Ahead: February 12th-16th - Key Economic Events and Holidays
rfxsignals February 11, 2024 No Comments

Forex Week Ahead: February 12th-16th – Key Economic Events and Holidays

Get ready for a busy week ahead as several key economic events and holidays will impact markets globally. Here’s a breakdown of what to watch:

Monday, February 12th:

  • Bank of Canada Statement on Low Interest Rates (SLOS): Will the BoC signal a shift in its monetary policy stance?
  • India: Consumer Price Index (CPI) for January, Export and Import data for January.
  • Holidays: China (New Year’s Eve), Hong Kong, Tokyo Stock Exchange closed.

Tuesday, February 13th:

  • OPEC Monthly Oil Market Report (MOMR): Insights into current and future oil market trends.
  • Sweden: Unemployment rate for January.
  • United Kingdom: Unemployment rate and wage growth data for December, Swiss Consumer Price Index (CPI) for January.
  • Eurozone: German ZEW Economic Sentiment Survey and overall Eurozone ZEW Economic Sentiment Survey for February.
  • United States: Consumer Price Index (CPI) for January, National Federation of Independent Business (NFIB) Small Business Optimism Index for January.
  • Holidays: China (New Year), Hong Kong Stock Exchange closed.

Wednesday, February 14th:

  • Indonesia: Presidential Election.
  • United Kingdom: Consumer Price Index (CPI) for January.
  • Norway: Gross Domestic Product (GDP) for December.
  • Eurozone: Employment data for the fourth quarter of 2023.
  • Japan: Gross Domestic Product (GDP) for the fourth quarter of 2023.
  • Holiday: China (Spring Festival)

Thursday, February 15th:

  • International Energy Agency (IEA) Oil Market Report (OMR): Global oil demand and supply outlook.
  • Australia: Employment data for January.
  • United Kingdom: Gross Domestic Product (GDP) for December and the fourth quarter of 2023.
  • Eurozone: Trade data for December.
  • United States: Import and Export Price Indexes for January, Initial Jobless Claims (w/e Feb 10th), Philadelphia Fed Manufacturing Index (Feb), Retail Sales, Industrial Production, Business Inventories (all for January).
  • New Zealand: Manufacturing PMI for January.
  • Holiday: China (Spring Festival)

Friday, February 16th:

  • Central Bank of Russia (CBR) Policy Announcement: Will the CBR adjust interest rates amidst ongoing geopolitical tensions?
  • United Kingdom: Retail Sales data for January.
  • Germany: Wholesale Price Index (WPI) for January.
  • United States: Building Permits and Housing Starts data for January, University of Michigan Consumer Sentiment Index (preliminary – Feb),.
  • Holiday: China (Spring Festival)

This is just a glimpse into the week ahead. Remember to stay updated on the latest news and analysis as these events unfold and potentially impact markets.