Summary of the most interesting economic events from the trading week 15 - 21 January 2024

Monday's recap is here! We have a couple of central bank meetings this week. Let's hope something comes of it. Have a great Monday, everyone!

EUR

We started the week with a speech by Robert Holzmann (ECB), from which we could understand that monetary policymakers should probably not discuss any early rate cuts just yet.

GBP

On Tuesday, we got fairly strong data from the UK labour market, on which the pound strengthened. The unemployment rate remained steady at an estimated 4, 2 %.

USD

The US Dollar received fairly positive data last week, which reinforces our belief that the USD has been stronger and increasingly interesting since the new year.

CAD

On Tuesday, we also received data from Canada. The annual core inflation rate fell to 2.6 %, but the core annual rate rose to 3.4 %, as expected.

AUD

The Australian has had a tough week. The inflation rate was 3.9 %, which was in line with market forecasts and was no change.

JPY

To make matters worse, we also focused on inflation from Japan, which came out lower and negative for the JPY.

What's in store for the current trading week?

The week starts with Tuesday's Bank of Japan meeting, which is not expected to bring any change in rates. However, it could offer some signal of its willingness to normalise rates in the spring. That could move the JPY quite a bit.

Sources:

https://www.investing.com

https://www.forexlive.com

Want to read a complete summary of economic events?

Arm yourself for victory

Market analysis and outlooks

Every week, we'll send you on our telegram channel fundamental and technical summary, emergency alerts and the outlook for the week ahead.

This will give you a better understanding of fundamentals and how we think about forex. Plus, you'll find all the important information you need in one place you need for your business.
More information
en_GBEnglish
linkedin facebook pinterest youtube rss Twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube Twitter instagram