
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Leibniz Centre for European Economic Research (ZEW) will release an economic sentiment index for Germany on January 18, 12:00 GMT+2. This index represents the view of institutional investors and analysts on the current economic conditions. The ZEW survey is historically focused on the German economy, and Germany tends to lead the Eurozone economy, so the Eurozone outlook that is released on the same day tends to be overshadowed by the German data released at the same time.
Usually, ZEW index gives more information about economic health as investors and analysts are highly informed about their jobs. Thus, their sentiment is nothing but important for understanding the market. There are no expectations from analysts about the next release. However, the latest reading suggested that hopes for much more substantial growth in the next six months are fading, as Europe's largest economy struggles with the latest developments in the COVID-19 pandemic as well as the persisting supply bottlenecks on production and retail trade.
December reading boosted the volatility in EUR/USD, moving it by 650 points in two hours.
Higher numbers mean that economy is recovering, and investors are optimistic, which usually moves the euro higher.
Check the economic calendar
Instruments to trade: EUR/USD, EUR/JPY, EUR/GBP, EUR/CAD.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
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.
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.
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