After a
sleepy Monday we will have some important bank earnings and we start this week the regular central
bank meetings too. From US bank earnings worth to mention among others Morgan Stanley, Citigroup and Goldman Sachs. From Central banks we have
Bank of Canada and ECB rate decisions and we finish the week with Chinese GDP
and with US presidential inauguration boycotted by 23 democrats.
MONDAY
Another
easy Monday ahead of us. We have practically nothing on the calendar except a few light-weight data from Europe in the
morning (UK HPI and EZ Trade Balance) and BOEs governor Mark Carneys’ speech in the evening. It will be Martin
Luther King Day in US, so expect lower liquidity
TUESDAY
The World Economic Forum will take place
17-20 January in Davos-Klosters, Switzerland. The UK inflation (CPI, PPI, HPI) will kick-start the
morning in Europe where another increase is expected in line with the rising
trend. The Cable was under pressure
recently due to the foggy Brexit plans of the governments. This
will be followed by the German ZEW
Economic Sentiment which was unchanged but analyst expect now a 5 point
improvement. During the day Theresa May
is scheduled to speak in London about triggering Article 50 although the time
is not announced yet. According to Livesquawk’s tweet, it supposed to be a
“Major Brexit Speech”… so let’s see. In the afternoon the Empire State Manufacturing index may move the USD. The index is
struggling to break above 10 point level and given the uncertainty around the
new president the analysts don’t expect it to break the lvl. Later the night GDT price index will be released, which
could add some volatility to the NZD
crosses.
WEDNESDAY
The day
will be pretty packed with data starting with UK Employment in the morning and from the set of UK data probably
the Average earnings is the key as
inflation is in focus given of BoE. The claimant
count change was between +/- 10k during last 1.5 year and not expected
bring any big surprise out of this range, expectation is around +4k. The final CPI in EZ will be released an
hour later, and no change is expected compared to prelim figures. In the US inflation figures a moderate
increase in CPI and no change on
core data is expected. The markets may react also on
Industrial Production and Capacity Utilization figures 45 mins later. The event of the day will
be the Canadian rate decision, MP
statement and the following Press
Conference. Despite the pick-up in the oil prices the key problem remains
in housing market and the relations with US during Trump. The BoC
will probably choose a hold and wait strategy this time. In the evening we have
the Feds Beige Book and Yellen
speaking in San Francisco. Also don’t forget that the API Oil Stock will be released a day later on Wednesday due to M.L.
Kings day.
THURSDAY
The Australian employment figures will come
out during early Asian session. The rise of Employment is expected to slow down
after a surprise jump last month while unemployment should be steady at 5.7%.
The calendar looks pretty empty at the European morning, but the big shot will
come in the afternoon, starting with the ECB
rate decision followed by the press
conference in 45mins. The same time as it start we will get Canadian Manufacturing Sales and the US
Building Permits, Philly manufacturing index and US jobless claims so GMT 1:30 PM rather be in front of you
monitor. The EIA will report Crude
inventories as the last significant data of the day.
FRIDAY
Fed
chair Yellen will speak after
midnight at the Stanford Institute but the main volatility booster of the day
could be the Chinese GDP & Industrial
Production but no or minor change is expected only. The UK retail sales is
scheduled for the mid European morning and a slight decline is expected. In the
Afternoon Canadian CPI and Retails Sales may add to the
volatility. In the evening also watch out for the regular oil rig count from Baker Hughes. The last event of the week is the inauguration of Donald Trump as US president and more and more
Democrats pledge to boycott the presidential inauguration. There are also
plenty of demonstration planned for the whole week protesting against Trump as
president.
Good Luck
and remember to watch your risk and be consistent
Mr. Tech Man
DISCLAIMER:
This material was created for informational purposes only and represents the
Land of Trading team’s view of the past and current economic and capital market
environment. It is not an investment advice and should not be viewed that way
at all, and the creators of this material cannot be held liable for any
potential losses resulting from trading, where despite this disclaimer someone
would consider this material as an investment advice. All rights reserved
©2016.
Contact:
landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com
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