The markets are anxiously waiting to see what this week brings for the UK. Mrs. May is due to present her new plan on EU withdrawal to Parliament today following a series of cross-party talks she held with MPs last week. She is also planning to go back to Brussels to once again call on changes to the Irish backstop. However all these plans will be challenged by several MPs who plan to table amendments to the motion. #AllEyesOnLondon 🇬🇧
🗓 Important upcoming events and publications for January, 22 (GMT):
🇬🇧 12:30 UK Employment report is able to increase the #GBP volatility if it shows a sharp increase in the number of unemployment claims or the cooling of wage growth, as this will be perceived as a signal of negative Brexit influence.
🇩🇪 13:00 German ZEW Economic Sentiment is able to spur volatility in pairs with #EUR. Investors and traders are wary of the region's performance, fearing to see signs of more severe economy slowing.
💡The International Economic Forum in Davos will be held from 22 to 25 January with title theme "Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution". The impact of the forum was reduced this year due to the absence of the leaders from the U.S., the U.K. and France. The President of Brazil speech and discussion on the protection of the planet are scheduled for today.
🇺🇸 18:00 U.S. Existing Home sales will be one of the few statistical publications that come out despite the government shutdown, which can revive the #USD dynamics. Analysts on average expect a decline in sales from the annualized rate of 5.32M to 5.27M after two months of growth.
Visit https://fxpro.news/economic-calendar/ for more details.
🇬🇧 12:30 UK Employment report is able to increase the #GBP volatility if it shows a sharp increase in the number of unemployment claims or the cooling of wage growth, as this will be perceived as a signal of negative Brexit influence.
🇩🇪 13:00 German ZEW Economic Sentiment is able to spur volatility in pairs with #EUR. Investors and traders are wary of the region's performance, fearing to see signs of more severe economy slowing.
💡The International Economic Forum in Davos will be held from 22 to 25 January with title theme "Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution". The impact of the forum was reduced this year due to the absence of the leaders from the U.S., the U.K. and France. The President of Brazil speech and discussion on the protection of the planet are scheduled for today.
🇺🇸 18:00 U.S. Existing Home sales will be one of the few statistical publications that come out despite the government shutdown, which can revive the #USD dynamics. Analysts on average expect a decline in sales from the annualized rate of 5.32M to 5.27M after two months of growth.
Visit https://fxpro.news/economic-calendar/ for more details.
FxPro News
Forex Economic Calendar - FxPro News
Stay informed and plan with confidence using our FX economic calendar, designed to help traders follow key financial updates that move the market. By tracking major releases, you can make smarter decisions in forex trading, manage risk, and choose better.
Brexit update
British Prime Minister Theresa May said on Monday, that the government is working on proposals to seek further concessions from the European Union. The Irish border issue is tearing the parliament apart and delaying the signing of the current EU withdrawal bill.
At the same time, May opposes a second referendum and hopes that Britain could avoid no-deal Brexit, while, opposition leader Jeremy Corbin is backing a second referendum with two main questions on the ballot: asking the people for consent to the current plan and the resolution of the permanent customs union issue.
As it stands the majority of the Parliament is still on the side of the Tories, as the current government has repeatedly won the vote of no-confidence, and the new plan that Mrs. May presented is, at the moment, the most popular one. However the difficulty is that it still doesn’t receive the majority’s approval due to a large number of supporters seeking a softer divorce from EU on the one hand and hard line Brexiteers on the other. #AllEyesOnLondon 🇬🇧
British Prime Minister Theresa May said on Monday, that the government is working on proposals to seek further concessions from the European Union. The Irish border issue is tearing the parliament apart and delaying the signing of the current EU withdrawal bill.
At the same time, May opposes a second referendum and hopes that Britain could avoid no-deal Brexit, while, opposition leader Jeremy Corbin is backing a second referendum with two main questions on the ballot: asking the people for consent to the current plan and the resolution of the permanent customs union issue.
As it stands the majority of the Parliament is still on the side of the Tories, as the current government has repeatedly won the vote of no-confidence, and the new plan that Mrs. May presented is, at the moment, the most popular one. However the difficulty is that it still doesn’t receive the majority’s approval due to a large number of supporters seeking a softer divorce from EU on the one hand and hard line Brexiteers on the other. #AllEyesOnLondon 🇬🇧
🗓 Important upcoming events and publications for January, 23 (GMT):
🇬🇧11:00 UK CBI Industrial Order Expectations is expected to indicate a deterioration in the balance. Weak data can have a moderately negative impact on #GBP in contrast with strong employment data yesterday.
🇨🇦13:30 Retail sales in Canada are expected to show a sharp decline of 0.7% in November after strengthening by 0.3% a month earlier. Less drastic drop has the potential to support #CAD.
🇺🇸 15:00 Richmond Fed Manufacturing Index rarely causes a volatility on markets. But now markets are on the information diet, as many publications are postponed because of the US government shutdown, so the #USD reaction may be stronger than usual.
Visit https://fxpro.news/economic-calendar/ for more details.
🇬🇧11:00 UK CBI Industrial Order Expectations is expected to indicate a deterioration in the balance. Weak data can have a moderately negative impact on #GBP in contrast with strong employment data yesterday.
🇨🇦13:30 Retail sales in Canada are expected to show a sharp decline of 0.7% in November after strengthening by 0.3% a month earlier. Less drastic drop has the potential to support #CAD.
🇺🇸 15:00 Richmond Fed Manufacturing Index rarely causes a volatility on markets. But now markets are on the information diet, as many publications are postponed because of the US government shutdown, so the #USD reaction may be stronger than usual.
Visit https://fxpro.news/economic-calendar/ for more details.
FxPro News
Forex Economic Calendar - FxPro News
Stay informed and plan with confidence using our FX economic calendar, designed to help traders follow key financial updates that move the market. By tracking major releases, you can make smarter decisions in forex trading, manage risk, and choose better.
China is at risk of following in Japan’s footsteps
Hopes for Chinese stimulus inadvertently spiked the demand for risky assets and commodities, on hopes that it triggered a general increase in economic growth, similar to that in 2009 when China became the key driver of the global economy. Although, this time is different.
Read more
Hopes for Chinese stimulus inadvertently spiked the demand for risky assets and commodities, on hopes that it triggered a general increase in economic growth, similar to that in 2009 when China became the key driver of the global economy. Although, this time is different.
Read more
Although, the delay in exiting the EU is not yet finalized, as we’ve seen with everything Brexit-related, things change rapidly and get re-worked on a daily basis.
Without wanting to make long-term predictions, the markets are reacting positively to the news of a possible second referendum and a delay of Brexit
Read more
Without wanting to make long-term predictions, the markets are reacting positively to the news of a possible second referendum and a delay of Brexit
Read more