
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
The EUR might be pressed down by EU Economic Forecasts on February 11 at 12:00 MT time.
The European Commission will make a report on Thursday, where it will share its long-term economic outlook. This time, investors don’t expect to hear something encouraging from authorities as the EU heads for a double-dip recession. The International Monetary Fund downgraded its projections for the Euro Area from 5.2% to 4.2%. It was caused by rising infection cases, new virus variants, longer lockdowns, and, more importantly, vaccine delays. According to ECB President Christine Lagarde, the recovery will take much more time than it was initially expected.
Instruments to trade: EUR/USD, EUR/JPY, EUR/GBP
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
The ECB is expected to raise the interest rate to 1.5% and oil is falling
The central banks' meetings will highlight the week as well as the PPI release
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
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