Forex news and the most important events on the economic calendar this week, February 19-23

During this week, investors’ attention is set to turn to many forex news, represented in the minutes of the Federal Reserve’s meeting held last month, which will carry many clues about the future of US monetary policy, and the European Central Bank will also release details of the minutes of its last meeting, which will reveal the direction On the other hand, the US economy will issue important data on the housing sector, which is represented in sales of existing homes, in addition to data on the activity of the manufacturing sector and the service sector.

In the euro area, data for the activity of the manufacturing and service sectors will be announced for the current month of February, which will be a good indicator for assessing the timing of the European Central Bank’s start to withdraw its stimulus program, while in Britain, the final figures for GDP will be presented during the fourth quarter.

During this week, the Japanese economy will release monthly inflation data, which will be an indication of the health of the Japanese economy.

Forex news

Forex news

Here are the most important forex news on the economic calendar this week:

1 Details of the minutes of the Federal Reserve meeting

The Federal Reserve is expected to release details of its meeting minutes by 19:00 GMT on Wednesday.

The bank left interest rates unchanged after its January 31 meeting under the leadership of Janet Yellen, and the bank stated that inflation rates will rise during this year and these comments indicated that borrowing costs will continue to rise under the new president, Jerome Powell. “.

New York Reserve Bank President William Dudley and Cleveland Reserve Bank President Loretta Meester are scheduled to speak at the US Monetary Policy Forum to be held in New York on Friday.

2 The European Central Bank publishes the details of the minutes of its last meeting

The European Central Bank is due to publish details of the minutes of its January meeting on Thursday, and the Bank kept its monetary policy unchanged and maintained its stimulus program during its last meeting.

As for the economic data, it is expected that the preliminary data for the growth of the manufacturing and services sectors for the eurozone will be released during the month of February, amid expectations that show a limited decline, at exactly 09:00 GMT on Wednesday.

At 08:00 and 08:30 GMT on Wednesday, France and Germany will release PMI reports respectively for the manufacturing and service sectors.

 3The United States issues data on the housing sector, the manufacturing sector, and the service sector.

On Wednesday, the United States is expected to release its existing home sales report for the month of January. It is expected that home sales will rise to 5.62 million homes, compared to December, which recorded 5.57 million homes. The manufacturing and service sectors will also be released during this time. the week.

4 The British economy announces the gross domestic product data for the fourth quarter.

The British economy will release the final data on gross domestic product during the fourth quarter of last year by 09:30 GMT on Thursday, and the reading is likely to come with the same preliminary reading, with a growth of about 0.5% to reach 1.5%, in a positive sign over the strength Royal economy.

It is worth noting that the British Central Bank kept interest rates unchanged during its meeting held earlier this month, but indicated that it is likely to raise interest rates sooner and more than expected in order to maintain inflation rates.

5 Japan releases inflation data.

The Japanese economy is expected to release its January inflation figures at 23:50 GMT on Thursday, and inflation is expected to rise for the 13th consecutive month at 1.3% on an annual basis. That ratio is much lower than the target rate set by the Bank of Japan.

There are some indications that the BoJ will start discussions about reducing its stimulus program, fueling speculation that it will follow the Fed and the European Central Bank and begin to normalize monetary policy sooner than expected.

Mohamed Abdel Khaleq
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