First NFP in 2022 Can Rock the Markets
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
Will the pound get a boost?
BOE announces its interest rate on Thursday, at 14:00 MT time.
Instruments to trade: EUR/GBP, GBP/USD, GBP/CAD, GBP/CHF
The UK is passing through one of its worst economic periods in decades. The downturn caused by the virus doesn’t get alleviated by the finally-done Brexit. Observers report that many companies are leaving London in search of a more comfortable business environment in the EU. This makes the UK economy more vulnerable from the international side while it’s struggling to keep going domestically. The last time BOE Board was voting, it decided unanimously to keep the rate steady at 0.1% - a record low. It will likely stay there as far as we can see so far, so we will be largely looking into the future impressions of the BOE in its monetary policy report rather than a rate change.
- If BOE is optimistic on the outlook, the GBP will be boosted.
- If BOE is not too optimistic, the GBP may drop.
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Will the AUD Outperform on Inflation Rate Release?
Australia will publish its Inflation Rate on January 25, at 02:30 MT time.
Is European Economy Healthy Enough?
Germany will release the flash Purchasing Managers' Index (PMI) for manufacturing and services industries at 10:30 GMT+2 on January 24.
ZEW Sentiment Will Help the Euro
Leibniz Centre for European Economic Research (ZEW) will release an economic sentiment index for Germany on January 18, 12:00 GMT+2
