Forex news - the most important economic events this week, February 6-10

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During this week, the financial markets will witness many important forex news that may affect the market movement and in general it can be considered a relatively stable week, as Chinese trade data is scheduled for release next Friday, and in the euro area it is expected that German factory orders data will be released, and at the same time. At the same time, some economic reports will be issued in the United States, including the Consumer Confidence Report, in order to explore more evidence about the next date for the Federal Reserve to raise interest rates, and there will be some decisions issued by the central banks in Australia and New Zealand that fall into the circle of attention and follow-up of traders, while Below are some details regarding these upcoming events.

1- Chinese trade figures and data for January

One of the forex news that the markets are anticipating is the release of trade data for January in China next Friday at 3 pm GMT, and the report is expected to reveal a trade surplus of $48.9 billion compared to December, in which the trade volume amounted to $40.8 billion. The report on the increase in the volume of exports by 3.0% for the month of January, after witnessing a decline by 6.1% last December, and it is likely that we will witness an increase in imports by 9.6% in January, as it rose by 3.1% in December, and previous reports revealed the recovery of the economy The Chinese during the last quarter of last year increased by 6.8% thanks to the increase in government spending and lending operations, but it still faces several concerns, including the decline in the real estate market and the protectionist measures that may be implemented by the United States.

Forex news

Forex news

The results of the Saizen purchasing managers' index are also expected on Monday, followed by data on China's foreign exchange reserves.

2-Factory orders in Germany for the month of December

German factory orders data for the month of December is expected to be released on Monday at 7 am GMT, and the data is expected to reveal an increase in the volume of orders by 0.5%, after it had fallen last November by 2.5%. Germany, Italy, France and Spain are likely to rise, giving more indications about the increase in confidence in the euro zone economy, and the European Commission will publish its forecast for the euro zone economies next Wednesday.

 3-University of Michigan Consumer Sentiment Index for February

Among the important data that forex news followers are awaiting is the release of the preliminary reading of the Michigan Consumer Confidence Index at 15.00 on Friday and it is expected to decline to reach 97.8 after it had recorded 98.5 for the month of January. In addition to this report, some other data will be released to include international trade data, weekly subsidy requests, and import prices.

The statements issued by the new US administration continue to affect the movement of financial markets during the coming week, as traders are looking forward to more details about Trump's implementation of his election promises, including tax reforms, raising infrastructure spending and amending international trade agreements.

4-meeting The Reserve Board of Australia on fiscal policy

The Reserve Board of Australia is expected to issue its decision on the interest rate next Tuesday at 03:30 GMT, and according to most economists, it is likely that the reserve will remain on the interest rate unchanged at 1.50% in an effort to support the balance between high prices in the real estate market Anemic wage growth, in addition to the upcoming Reserve decision, retail sales data due out Monday will be on the active forex news calendar this week from investors.

5- The Reserve Bank of New Zealand will review its interest rate policy

The Reserve Bank of New Zealand is expected to release its updated fiscal policies on Wednesday at 20.00 GMT, and according to market analysts, the central bank is expected to keep the current policy rate at 1.75% which is very low while the next move is expected to be Raising interest rates after the increase in inflation rates, and it is scheduled that Central Bank Governor “Weller” hold a press conference to discuss this decision.

Mohamed Abdel Khaleq
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