Week Ahead – All eyes on the Fed, ECB, BOE and NFP report

Economic Calendar

Saturday, Jan. 28

Economic Events:

  • German Chancellor Scholz begins a four-day trip to South America

Sunday, Jan. 29

  • No major events expected.

Monday, Jan. 30

Economic Data/Events:

  • Eurozone economic confidence, consumer confidence
  • New Zealand trade
  • Spain CPI
  • International Monetary Fund publishes it world economic outlook update.
  • BNEF Summit
  • Mainland Chinese markets reopen after Lunar New Year
  • ECB’s Villeroy speaks at climate conference in Paris.

Tuesday, Jan. 31

Economic Data/Events:

  • US Conference Board consumer confidence
  • Australia retail sales
  • China industrial profits, manufacturing PMI, non-manufacturing PMI
  • Czech Republic GDP
  • Eurozone GDP
  • France CPI, GDP
  • Germany CPI, GDP, unemployment
  • Italy GDP, unemployment
  • Japan unemployment, industrial production, retail sales
  • Mexico international reserves, GDP
  • Poland GDP
  • Singapore unemployment
  • South Africa trade balance
  • Thailand trade
  • Swiss National Bank releases 4Q currency allocation.
  • Sweden parliamentary hearing on financial stability.

Wednesday, Feb. 1

Economic Data/Events:

  • FOMC rate decision: Expected to raise target range by 25bps to 4.50-4.75%
  • US construction spending, ISM Manufacturing, light vehicle sales
  • China Caixin manufacturing PMI
  • Eurozone Manufacturing PMI, CPI, unemployment
  • France Manufacturing PMI
  • Germany Manufacturing PMI
  • India Manufacturing PMI
  • Italy CPI
  • New Zealand unemployment
  • Russia industrial production
  • UK S&P Global/ CIPS UK Manufacturing PMI
  • Earnings from Meta Platforms and Peloton
  • India releases its 2023 budget

Thursday, Feb. 2

Economic Data/Events:

  • US factory orders, initial jobless claims, US durable goods
  • Australia building approvals
  • ECB rate decision: Expected to raise rates by 50bps to 3.00%
  • New Zealand building permits
  • Spain unemployment
  • UK BOE rate decision: Expected to raise rates by 50bps to 4.00%
  • SNB’s Moser speaks in Zurich on a panel on inflation and interest rates at “Vision Finance Place Switzerland” conference.
  • Earnings results from: Alphabet, Apple, Amazon, Qualcomm and Deutsche Bank

Friday, Feb. 3

Economic Data/Events:

  • US Jan Change in Nonfarm Payrolls: 175Ke v 223k prior, unemployment rate: 3.6%e v 3.5% prior, average hourly earnings
  • China Caixin services PMI
  • Eurozone Services PMI, PPI
  • France industrial production
  • Hong Kong retail sales
  • Singapore retail sales
  • Ukraine and the European Commission hold a summit to discuss Kyiv’s integration in the bloc

Sovereign Rating Updates:

– EFSF (S&P)

– ESM (S&P)

– Denmark (Moody’s)

– Belgium (DBRS)

– Sweden (DBRS)

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Ed Moya

Ed Moya

Senior Market Analyst, The Americas at OANDA
With more than 20 years’ trading experience, Ed Moya is a senior market analyst with OANDA, producing up-to-the-minute intermarket analysis, coverage of geopolitical events, central bank policies and market reaction to corporate news. His particular expertise lies across a wide range of asset classes including FX, commodities, fixed income, stocks and cryptocurrencies. Over the course of his career, Ed has worked with some of the leading forex brokerages, research teams and news departments on Wall Street including Global Forex Trading, FX Solutions and Trading Advantage. Most recently he worked with TradeTheNews.com, where he provided market analysis on economic data and corporate news. Based in New York, Ed is a regular guest on several major financial television networks including CNBC, Bloomberg TV, Yahoo! Finance Live, Fox Business and Sky TV. His views are trusted by the world’s most renowned global newswires including Reuters, Bloomberg and the Associated Press, and he is regularly quoted in leading publications such as MSN, MarketWatch, Forbes, Breitbart, The New York Times and The Wall Street Journal. Ed holds a BA in Economics from Rutgers University.
Ed Moya