Forex news and the most important events on the economic calendar this week January 29 - February 2

This week, global markets are awaiting with great interest a lot of forex news represented in the Federal Reserve meeting, especially as it is the last meeting of the Council under the leadership of “Janet Yellen” before handing over the mandate to “Jerome Powell,” the new Chairman of the Council, where this meeting is scheduled to provide any hints. New developments regarding the future of monetary policy and the possibility of increasing US interest rates during this year.

Market participants are also awaiting many important data on inflation levels in the euro zone, scheduled for Wednesday, and attention will also turn later on Friday on the new jobs data in the non-farm sector in the United States.

Forex news

Forex news

Below are the most important forex news on the economic calendar this week

Monday January 29

The United States is scheduled to release its data on personal income and spending in addition to the reading of the personal consumption expenditures price index.

Tuesday 30 January

New Zealand will release its report on the country's trade balance, and Australia will also announce several important data on business confidence. Also, during this day, Britain is scheduled to publish its data on net lending, and in Germany, preliminary inflation data will be revealed during In January, the Eurozone will release its first report on economic growth in the region during the last quarter of last year.

In the United States, it is scheduled to publish a report on consumer confidence in the largest economy in the world, on the other hand, Mark Carney, Governor of the Bank of England, will testify before the Economic Affairs Committee in the House of Lords in London.

Wednesday January 31

Later on Wednesday, Australia is scheduled to publish its data on inflation levels, and China will issue several important reports on the manufacturing and service sectors in the country, and in the eurozone is scheduled to release preliminary data on inflation during the month of January, as Germany will also release a report on retail sales, on the other hand Canada will release its monthly GDP report.

In the United States, the US non-farm sector jobs report is scheduled to be released by the “ADP” corporation, in addition to the publication of another report on manufacturing activity in the Chicago area and data on suspended homes, and the Federal Reserve “Central US” will announce The benchmark interest rate, in addition to publishing a statement of policies that determine economic conditions and the factors that affect monetary policy decisions.

Thursday 1 February

Australia will publish a report on building permits, and in China, the Caixin manufacturing index is scheduled to be released, and on the other hand, Britain will publish several important data on the activity of the manufacturing sector in the Kingdom. It is also scheduled later on Thursday that The US is to release its report on weekly jobless claims and average hourly earnings, and the Institute for Supply Management is to publish its manufacturing index reading.

Friday 2 February

The United Kingdom will unveil its report on construction activity, and the United States is scheduled to conclude this week's trading by issuing several important data on new jobs in the non-farm sector, in addition to other data about consumer confidence in the US economy.

 

Mohamed Abdel Khaleq
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