The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
Japan September export surge slows modestly
In September, Japan's export surge slowed for the first time in three months, as official data reported on Thursday. It’s an evident sign that overseas demand for Japanese goods might be taking a breather.
The 14.1% year-on-year soar in exports turned to be less than the median forecast for a 14.9% surge and also less than August’s 18.1% leap that was the fastest surge for nearly four years.
Market experts actually expect Japan's exports to start ascending at a faster tempo because demand for Japanese goods picks up on the way to the year-end shopping season. Another reason is that a dipping yen enhances export competitiveness that should back economic surge.
Some experts state that the given slowdown in export surge is temporary. According to data measuring manufacturing activity in overseas economies, the world’s number three economy happens to be in the middle of an expansionary stage. Exports are going to keep backing the country’s economy, as financial analysts hope.
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The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
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.