This week, investors' attention will turn to many important forex news about the American economy, about the housing sector in the United States, and the results of the profits of major international companies will also focus, and the financial markets in the United States are also scheduled to remain closed for public holidays in the country on the occasion of Martin Luther King Day, on the other hand, China will release its data on economic growth during the last quarter of last year, as the second largest economy in the world is expected to grow at a moderate pace, and in Europe, global markets are awaiting with great interest the monthly inflation data in order to A reassessment of how quickly the European Central Bank began to dismantle its asset purchase program, especially after the minutes of the tough ECB meeting, which were released last week. about tightening monetary policy in the coming period.
Here are the details of the most important forex news on the global economic scene:
Or not : The US economy will release data on the housing sector during the month of December.
On Thursday, at 8:30 EST, the United States is scheduled to release several important data for the housing sector, which is the sales of existing homes during the month of December. 1.290 million last month, while new home construction is expected to decline by 1.7 % to reach 1.275 million and both reached their highest levels in nearly 10 years during last November.
In addition to housing data, the calendar for this week also includes many surveys on manufacturing conditions in the New York and Philadelphia regions, as well as several other data on industrial production and the consumer index reading in the state of “Michigan.”
On the other hand, in the stock markets, this week is the first big season of the fourth quarter earnings season of last year, as “Goldman Sachs Group, Bank of America, Citigroup, Morgan Stanley, American Express, in addition to the United Health Group will announce their earnings results.
Second: China's GDP in the last quarter
China will publish several data on GDP during the last quarter of last year at 9:00 ET on Wednesday (0200 GMT on Thursday), as this report is expected to show that the world's second largest economy has It witnessed a growth of 6.7 % in the last three months of last year, and the economy witnessed a growth of 9.8% in the third quarter of the same year.
China will also, at successive times this week, release its data on industrial production, fixed asset investment and retail sales during the month of December.
Third: Issuing a reading of the consumer price index in the eurozone.
The Eurozone is due to release its revised figures on consumer price inflation for the month of December, and a rise of 1.4 % is expected over the previous month from a rise of 1.0 in November.
The region is also scheduled to release its final inflation figures for all of Germany and Italy this week.
On the other hand, the minutes of the European Central Bank’s meeting in December, which was published last week, revealed that the bank’s officials could reconsider their position on communications at the beginning of 2018, raising many speculations that the bank is ready to reduce its broad monetary program to stimulate the economy, It is worth noting that the European Central Bank is scheduled to hold its next meeting on the twenty-fifth of January.
Fourth: The gross domestic product of the United Kingdom during the month of December.
The Office for National Statistics in Britain will publish a report on gross domestic product for the month of December at 9.30 GMT (4:30 am EST) on Tuesday, and economists have forecast that the annual consumer price index will decline to 3.0. % is off its 6-year high from November when it reached 3.1 %, core inflation is also expected to decline from 2.7 % to 2.6%.
In addition to the inflation report, market participants are also focused on the monthly retail sales data, due to be released later on Friday, to search for more indications regarding the continued impact of Britain's decision to leave the European Union on the royal economy.
Fifth: The decision of the Central Bank of Canada.
It is scheduled at 15:00 GMT (10:00 a.m. ET) next Wednesday that the Central Bank of Canada will issue its last decision on the benchmark interest rate, and expectations indicated that the Central Bank of Canada would increase interest rates by a quarter of a percentage point to reach 1.25 %, and if confirmed, this will be the third increase in interest rates in the past six months, which would indicate the strength of the Canadian economy.
It is worth noting that the Canadian Central had increased interest rates during the months of July and September for the first time in 7 years, but indicated a state of concern among bank officials since then, especially in light of the increasing doubts that may affect the country's economy, including the renegotiation of the issue. North American Free Trade Agreement.