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Market Opportunities : Week 15-01-2024 - 19-01-2024
GBPUSD: UK inflation report for December is an important event for the UK currency due January 17. There is a possibility the British inflation ticks down after decelerating from previous month’s reading of 4.6% which will be bearish for GBPUSD pair.
USDIDX: University of Michigan Consumer Sentiment preliminary report for January is an important event for forex market in the January 15-19 week. The University of Michigan will release the report on January 19. In case the Consumer Sentiment rises further - the USDIDX will continue rising. There is some likelihood the Consumer Sentiment may decline from the December reading of 69.7, which will be bearish for US Dollar index.
USDIDX: University of Michigan Consumer Sentiment preliminary report for January is an important event for forex market in the January 15-19 week. The University of Michigan will release the report on January 19. In case the Consumer Sentiment rises further - the USDIDX will continue rising. There is some likelihood the Consumer Sentiment may decline from the December reading of 69.7, which will be bearish for US Dollar index.
Key Events to Watch
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2024-01-16 | GBP | United Kingdom Claimant Count Change | -0.7 K | 16.0 K |
| 2024-01-16 | EUR | ZEW Germany Economic Sentiment Indicator | ||
| 2024-01-17 | NZD | New Zealand Electronic Card Retail Sales m/m | 0.2% | 1.6% |
| 2024-01-17 | CNY | China Gross Domestic Product (GDP) q/q | 1.3% | 1.3% |
| 2024-01-18 | AUD | Australia Employment Change | 14.0 K | 61.5 K |
| 2024-01-18 | USD | EIA United States Crude Oil Stocks Change | ||
| 2024-01-19 | GBP | United Kingdom Retail Sales m/m | 0.0% | 1.3% |
| 2024-01-19 | CAD | Canada Retail Sales m/m | 0.2% | 0.7% |
| 2024-01-19 | CAD | Canada Core Retail Sales m/m | -0.2% | 0.6% |
| 2024-01-19 | USD | United States Existing Home Sales | 3.80 M | 3.82 M |
