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The important economic data which we will follow next week
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Loading...The US indices closed the week in a record territory again, supported by the note from President Trump that there will be changes in the Tax code and the testimony of Janet Yellen in front of the Senate Financial Committee. She said that the economy is going in the right direction and their goal in regards of the employment in the country is just about reached and now are focused on inflation and that soon might have to raise the rates.
The USD did find support and went up but it fell initially during the speech from the President of the Central Bank, and that is not a good sign for the currency, falling on a good news. Maybe the USD will remain strong against some currencies but weak against others. We continue to be long USD/JPY.
Next Week we will closely watch the following economic data:
Monday - 20 February, 2017
The markets in US and Canada will remain closed due to Holidays.
Japan - Trade balance
Germany - PPI
Canada - Wholesale Sales
Tuesday - 21 February, 2017
Australia - RBA meeting Minutes
Germany - Manufacturing PMI
USA - Manufacturing PMI
Wednesday - 22 February, 2017
Germany - Business Climate
UK - GDP
Euro Zone - CPI
Canada - Retail Sales
USA - Existing Home sales
Thursday - 23 February, 2017
Germany - GDP
Friday - 24 February, 2017
Canada - CPI
USA - New Home Sales
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