This week will bring us many forex news that will have an impact on the movements of global markets and should focus on them, foremost of which is the monthly report on the US non-agricultural sector jobs for the month of December, which will be issued next Friday. The focus will also be on the minutes of the Federal Reserve meeting, which It was held in mid-December amid anticipation of many to know the future of monetary policy during the new year, while in the euro zone, important data on inflation rates are scheduled to be announced on Friday.
Elsewhere in China, data on the growth of the manufacturing sector will be released to gauge the health of the world's second largest economy.
In Britain, a set of important reports will be announced that will be an indication of the extent of the growth of the royal economy during the fourth quarter of 2017. These reports are represented in the Purchasing Managers’ Index for the manufacturing sector, the service sector and the construction sector.
Here is a breakdown of the most important forex news for this week:
1 The US economy released the monthly US jobs report.
At 08:30 am GMT on Friday, the US Department of Labor will release its non-farm payroll report for the month of December, and about 189 thousand jobs are expected to be added, and the unemployment rate is expected to be released, which is expected to settle at 4.1% As for the average hourly income, it is expected to rise by about 0.3%, and if the report numbers match expectations, there is an indication of more interest rate hikes in the coming months.
During this week, some important reports will also be announced such as the growth of the manufacturing sector, the service sector, the construction sector as well as the auto sales and weekly jobless claims.
2 The Federal Reserve publishes the minutes of its last meeting.
The Federal Reserve is scheduled to release the minutes of its last mid-December meeting at 02:00 ET on Wednesday.
It is worth noting that the Federal Reserve decided in its last meeting to raise interest rates by 25 basis points for the third time in a row, so that the results of the meeting match expectations, and the bank indicated that it will remain in its tightening policy during the next year.
3 The Eurozone will release its inflation figures for the month of December.
At 10:00 am GMT on Friday, the European economy will announce its inflation rate report for the month of December, which is represented in the consumer price index. The index is expected to rise by 1.4% compared to the month of November, which recorded an increase of 1.51 TP2T.
4 The British economy will release a batch of important data for the month of December.
The British economy is expected to announce a set of important reports that will show the performance of the royal economy during the fourth quarter of 2017. On Tuesday, data on the activity of the manufacturing sector, represented by the sector purchasing managers index, will be published, amid expectations that the index will decline to reach 58.0 points. From 58.2 points during the month of November, and on Wednesday, a report will be issued for the activity of the construction sector, and it is expected to witness a slight improvement to reach 53.2 points from 53.1 points. On Thursday, the activity of the service sector is scheduled to be announced and it is expected to record About 54.1 points compared to the previous month, which scored 53.8 points.
5 .China will release manufacturing data for the month of December.
At 01:45 GMT on Tuesday, the “Casikin” manufacturing index will be published amid expectations that the index will rise.
On Sunday, the Chinese economy released its manufacturing PMI for the month of December, bringing the index down to 51.6 points after recording 51.8 points in November.
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