Unemployment Claims in the US and Flash Manufacturing PMI in Europe are the major market-movers. Let see what awaits us today.
World Economic Forum (WEF) Annual Meetings (Day 2), central bankers, ministers and business leaders from more than 90 countries held an annual meeting in Davos. Open to the press and can create important market volatility.
In the US, Unemployment Claims, weekly indicator to show the individuals that filed for unemployment insurance, rise up to 359K is calculated from 335K on the past week.
Later in the US, Flash Manufacturing Purchasing Managers’ Index (PMI), Survey to value the business conditions such as employment, new orders, supplier deliveries and inventories, reduce down to 53.2 points is likely from 54.2 points on the past month.
Finally in the US, Crude Oil Inventories measures the commercial barrels of crude oil that is held in inventory, 2.8M is due now from -1.0M on the past week.
In Europe, Flash Manufacturing Purchasing Managers’ Index (PMI), Monthly Survey to rate the business conditions like production, prices and inventories, 46.6 points are likely now from 46.1 points on December. On the French Flash Manufacturing PMI 44.9 points are predicted from 44.6 on the past month. And on the German Flash Manufacturing PMI rise up to 46.6 points is due from 46.1 on the last time.
More in Europe, Flash Services Purchasing Managers’ Index (PMI), Survey to value the business as employment, new orders, supplier deliveries and inventories, rise up to 48.1points is likely from 47.8 points. Similar rise is due on the French Flash Services PMI up to 45.6 points from 45.2 on December. And on the German Flash Services PMI 52.0 points are expected with no change from the last report.
Finally in Europe, Current Account values the difference between imported and exported goods, services and so on over the past month, and rise up to 4.2B is calculated from 3.9B on December.
For more on the Euro, read the Euro to dollar forecast.
In Great Britain, Martin Weale, External Bank of England (BOE) Monetary Policy Committee (MPC) Member, is due to speaks in in London.
Later in Great Britain, British Bankers’ Association (BBA) Mortgage Approvals, value thenew mortgages that were approved over the past month for home purchase by BBA-represented banks, rise up to 34.1K is likely from 33.6K on the last time.
Later on in Great Britain, CBI Realized Sales, wholesale companies Survey to measure the present sales volume, reduce down to 14 points is forecasted from 19 points on December.
Read more about the Pound in the GBP/USD forecast.
In Japan, Monetary Policy Meeting Minutes due 14 times per year after the Overnight Call Rate, give details on the Bank of Japan (BOJ) Policy Board’s meeting and provides interest rates decisions.
Later in Japan, Tokyo Core Consumer Price Index (CPI), value the consumers’ price change of goods and services in Tokyo (not including fresh food), -0.5% is likely now from -0.6% on December.
Read more about the yen in the USD/JPY forecast.
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