Key stats include November factory orders due out on Monday. Private sector PMI numbers from both the Market and ISM survey on Tuesday. On Wednesday, non-farm productivity and Unit labor costs for the 4thquarter are due out. Following last week jobless claims. Labor market numbers will garner more attention. Then usual in the week ahead.
4th quarter GDP number also be release during the week. A 30th January scheduled release was delay. due to the extended government shutdown.
The Dollar Spot Index ended the week down 0.56% to $95.794.
Stats include Spanish unemployment numbers due out on Monday. member service sector PMI numbers. and retail sales figures out of the Eurozone. Economic data due out of Germany includes factory orders. industrial production, and trade figures due out Wednesday through Friday. Of less influence will be inflation figures out of Italy on Monday.
Key economic data due out is limited January construction and service. sector PMI numbers on Monday and Tuesday. We will expect January house price figures to be largely ignored on Thursday. The BoE’s first policy decision of the year. and Brexit chatter will likely to take the spotlight.
Stats include December trade data due out on Tuesday. housing sector figures and January’s Ivey PMI on Wednesday. and employment figures due out on Friday. Trade figures, the Ivey PMI and employment figures will be the main area of focus, from a data perspective.
The Aussie Dollar:
Key stats include retail sales figures and trade data due out on Tuesday. which will be out ahead of the RBA’s February policy decision. The RBA will also release its statement of monetary policy on Friday. The markets will likely brush aside December building approvals, due out on Monday.
The Japanese Yen:
It’s a relatively quiet week ahead. Key stats are limited to December household spending. and current account figures due out on Friday. While household spending figures will provide some direction. expect market risk sentiment to drive the Yen through the week.
The Kiwi Dollar:
Stats are limited to December building consents due out on Monday. and 4th quarter employment numbers that are scheduled for release on Thursday. Expect the 4th quarter employment numbers to be the key driver on the data front.
Out of China:
There are no material stats schedule for release. with China on holiday for Chinese New Year for the week. Volumes will be on the lighter.
Brexit: We’re onto Plan C, or at least that is the hope. The alternative is a no deal departure. BoE views on what lies ahead could add to the Pound’s troubles this week.
Trump and the State of the Union Speech: The Speech is on Tuesday in addition, expect some market moving comments.
U.S – China Trade War: There were no negative updates to hurt the global financial markets. with talks next scheduled to resume in March.
Hua Wei: Will Canada extradite Huawei CFO Wanzhou to the U.S? Expect a political storm and a material impact on any hopes of a trade agreement between the U.S and China should Wanzhou be delivered.