- Home
- >
- Fundamental Analysis
- >
- What to expect in the first week of 2018
What to expect in the first week of 2018
Rating:
Loading...The first working week of 2018. will started strongly for USD and US indices, as we expect ADP Non Farm Payrolls on Thursday and Non Farm Payrolls on Friday. According to ADP, no change is expected, but according to the US National Statistics Service, new jobs are likely to decline. This will bring pressure to bear on the USD as early as the first week, and investors will be cautious with the dollar and the US indices before the official data is released.
The first working day of the new year will be filled with important economic news, mainly from Asia and Europe. China's Caixin PMI data will be published Tuesday, with data expected to improve, given the record world consumption in December. Better data will give a boost to the Asian stock market, and bad data will get investors to think about the development of the Chinese economy. Later in the day, we expect PMI production data for a number of eurozone countries. Expectations are for better data and if this is a real case, it is likely that the EUR will continue its upward momentum on the first working day of the year. UK will also publish PMI data and investors will monitor them closely as they will be indicative of the country's manufacturing sector as the Brexit negotiations are progressing and the country's future is still under question. On Thursday, we expect mainly PMI data from China and major European economies, and later on ADP Non Farm Payrolls. Expectations for the growth of new jobs according to ADP are to remain unchanged at 190K levels. We expect caution on the part of investors, considering the thin market after the holidays. On Friday, the most important economic event will be the publication of data on new jobs, average hourly wages and the unemployment rate in the United States. New jobs are expected to decline, average hourly wages increase and unemployment remain at the current levels of 4.1%. Better data from the United States would support the USD, but given the low expectations, we think the dollar will trade down in the first week of 2018.
The economic news that will move the markets in first week of 2018
Monday - Holiday
Tuesday
Holiday in Japan, New Zealand and Switzerland
00:30 Australia - Production Index of AIG
03:45 China - Caixin Manufacturing PMI
10:15 Spain - Manufacturing PMI
10:45 Italy - Manufacturing PMI
10:50 France - Manufacturing PMI
10:55 Germany - Manufacturing PMI
11:00 Eurozone - Manufacturing PMI
11:30 UK - Manufacturing PMI
16:45 USA - Manufacturing PMI
Wednesday
Holiday in Japan
11:00 Germany - Unemployment rate
11:30 UK - Construction PMI
17:00 USA - ISM Production PMI
Thursday
03:45 China - Caixin Services PMI
09:00 UK - Harmonized Price Index
10:15 Spain - Services PMI
10:45 Italy - Services PMI
10:50 France - Services PMI
10:55 Germany - Services PMI
11:00 Eurozone - Services PMI
11:30 UK - Services PMI
15:15 USA - ADP Non Farm Payrolls
16:45 USA - Services PMI
Friday
02:30 Australia - Trade Balance
09:00 Germany - Retail Sales
12:00 Eurozone - CPI
15:30 USA - Non Farm Payrolls
15:30 USA - Unemployment rate
15:30 USA - Average hourly wage
15:30 US - Trade Balance
15:30 Canada - Unemployment Rate
15:30 Canada - Trade Balance
17:00 United States - ISM Non Manufacturing PMI
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
