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.