Top events that will traders watch for next week

25.01.2019 / 22:44

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The new week will be key to building world market trends for the year.

The deal by Theresa May on Brexit is hanging on, and Parliament will vote again on Tuesday for approval. Rumors have been rumored that the EU will give the UK a bonus of up to 2 weeks after 29 March to form a final and concrete deal for the separation . The pound is trading on a rise against its major rivals on Friday, probing key resistances against the dollar, which may mean traders are favoring the development of things. However, this can not be definitely known before the Parliament meeting on Tuesday.

On Wednesday, the Fed will meet for another decision on the Basic Interest Rate in the country. Although a change in monetary policy is not expected, the report will be followed briefly to trace the future of the central bank as well as the continuing effects of the trade war with China on the country's economy.

On Friday, traders will focus on employment data in the US, with the government stopping for a record 36 days will certainly have its impact on results, with analysts expecting a nearly double decrease from 312K prior to roughly 160K predicted.

Economic calendar for the new trading week
Monday:
01:50 Japan - Monetary Policy Meeting Minutes

Tuesday:
17:00 USA - CB Consumer Confidence
Tentative UK - Parliament vote on Brexit Deal
23:30 USA - API Weekly Crude Oil Stock

Wednesday:
02:30 Australia - CPI
15:15 USA - ADP Nonfarm Employment Change
17:00 USA - Pending Home Sales
17:30 USA - Crude Oil Inventories
21:00 USA - Fed Interest Rate Decision

Thursday:
03:00 China - Manufacturing PMI
10:00 Germany - Unemployment Rate
15:30 USA - Initial Jobless Claims
15:30 Canada - Gross Domestic Product

Friday:
03:45 China - Caixin Manufacturing PMI
11:30 UK - Manufacturing PMI
Tentative Europe - CPI
15:30 USA - Nonfarm Payrolls
15:30 USA - Unemployment Rate
17:00 USA - ISM Manufacturing PMI

Trader Aleksandar Kumanov

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Top events that will traders watch for next week

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