🗓 Important upcoming events and publications for January 24 (GMT):
🇩🇪 08:30 Germany Preliminary Estimate PMI release often causes markets reaction and impacts on #EUR, as it more strongly influences the expectations than final estimate. During the year, the production index falls, indicating a slowdown, but this time analysts are waiting for a small growth.
🇪🇺 13:30 The ECB press conference after the monetary policy meeting almost invariably causes #EUR volatility spike. Investors and journalist’s attention will be focused on changes of comments tone as it is expected that policy will remain unchanged. The main focus is on the date before the ECB promises not to tighten the policy.
🇺🇸 14:45 U.S. Preliminary PMI estimates are interesting compared to those in Europe, as it is also published by Markit Economics. During the previous two months, the indicator noted a slowdown of growth, although it is noticeably higher than for European economies. The drastic indicator decline can weaken #USD and increase demand for safe-havens.
Visit https://fxpro.news/economic-calendar/ for more details.
🇩🇪 08:30 Germany Preliminary Estimate PMI release often causes markets reaction and impacts on #EUR, as it more strongly influences the expectations than final estimate. During the year, the production index falls, indicating a slowdown, but this time analysts are waiting for a small growth.
🇪🇺 13:30 The ECB press conference after the monetary policy meeting almost invariably causes #EUR volatility spike. Investors and journalist’s attention will be focused on changes of comments tone as it is expected that policy will remain unchanged. The main focus is on the date before the ECB promises not to tighten the policy.
🇺🇸 14:45 U.S. Preliminary PMI estimates are interesting compared to those in Europe, as it is also published by Markit Economics. During the previous two months, the indicator noted a slowdown of growth, although it is noticeably higher than for European economies. The drastic indicator decline can weaken #USD and increase demand for safe-havens.
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.
Weak PMIs put pressure on EUR
Eurozone economic growth has been losing strength throughout the past year, but this did not stop the ECB from cutting the QE program.
Now market participants are focused on the comments related to ECB future policy.
Read more
Eurozone economic growth has been losing strength throughout the past year, but this did not stop the ECB from cutting the QE program.
Now market participants are focused on the comments related to ECB future policy.
Read more
FxPro News
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Eurozone PMI estimates put pressure on the single currency on Thursday. EURUSD experienced serious pressure, falling 0.5% to 1.1330 after the release ...
Draghi's comments not only did not reassure traders with the euro after weak economic data [https://t.me/fxpro/2102], but strengthened the weakening of the single currency. The ECB head noted the increased downside risks for the economy, which sent EURUSD to 1.13000 at one moment against 1.1390 at the beginning of the day. These are minimums since January 3.
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German Manufacturing is on the edge of decline, according to PMI estimates for January. Drop of this index from 51.5 to 49.9 lead EURUSD falling by 0.5% after the release. Now focus turns to ECB press-conference, whether this data was enough to soften Draghi’s…
🗓 Important upcoming events and publications for January 25 (GMT):
🇩🇪 09:00 Germany Ifo Business Climate Index is expected to show the fifth consecutive month of decline. Investors and traders have increased focus on data from euro-region. In particular, weak PMI provoked EURUSD decline on Thursday. The ECB also draws attention to the slowing economy, noting that releases below expectations are putting pressure on the euro.
🇬🇧11:00 U.K. CBI Realized Sales rarely causes spikes of volatility, but in the absence of other important reports is able to attract the attention of traders with #GBP. December figures surprised with big decline from +19 to -13. This time it is expected to return to positive territory up to +3 that reflects the increase compared to the last year.
🛢18:00 US Baker Hughes Rig Count caught the attention with sharp decline last week from 1075 to 1050. Confirmation of reduced drilling activity can increase WTI and Brent purchases.
Visit https://fxpro.news/economic-calendar/ for more details.
🇩🇪 09:00 Germany Ifo Business Climate Index is expected to show the fifth consecutive month of decline. Investors and traders have increased focus on data from euro-region. In particular, weak PMI provoked EURUSD decline on Thursday. The ECB also draws attention to the slowing economy, noting that releases below expectations are putting pressure on the euro.
🇬🇧11:00 U.K. CBI Realized Sales rarely causes spikes of volatility, but in the absence of other important reports is able to attract the attention of traders with #GBP. December figures surprised with big decline from +19 to -13. This time it is expected to return to positive territory up to +3 that reflects the increase compared to the last year.
🛢18:00 US Baker Hughes Rig Count caught the attention with sharp decline last week from 1075 to 1050. Confirmation of reduced drilling activity can increase WTI and Brent purchases.
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.
How FX affect stocks
On Friday the UK’s FTSE100 is "below the market", adding just 0.2% to the contrast with the growth of the German DAX30 by 1.0% since the beginning of the day. The main reason for such a significant difference is the strengthening of the Pound to the Euro by 1.1% after the ECB press conference.
Be careful! The last couple of hours the pound loses its position to the euro and the dollar, so the difference in dynamics of FTSE100 and DAX30 may lose its strength.
On Friday the UK’s FTSE100 is "below the market", adding just 0.2% to the contrast with the growth of the German DAX30 by 1.0% since the beginning of the day. The main reason for such a significant difference is the strengthening of the Pound to the Euro by 1.1% after the ECB press conference.
Be careful! The last couple of hours the pound loses its position to the euro and the dollar, so the difference in dynamics of FTSE100 and DAX30 may lose its strength.
🗓 Important upcoming events and publications for January 28 (GMT):
🇪🇺14:00, 16:00 Mario Draghi, ECB President, speaks in the European Parliament with a quarterly report on economic and monetary issues. The attention of the markets will be given to the assessment of the financial system and the future steps in monetary policy. Cautious rhetoric and “wait-and-see” approach can push the euro lower.
🇬🇧 14:30 Mark Carney, Bank of England governor, speech and the follow-up session of questions and answers together with other Monetary Policy Committee members. The main topic of the forum is the future of money, but the answers to questions about the near future of monetary policy after Brexit may cause an increase of market interest and a surge of volatility.
Visit https://fxpro.news/economic-calendar/ for more details.
🇪🇺14:00, 16:00 Mario Draghi, ECB President, speaks in the European Parliament with a quarterly report on economic and monetary issues. The attention of the markets will be given to the assessment of the financial system and the future steps in monetary policy. Cautious rhetoric and “wait-and-see” approach can push the euro lower.
🇬🇧 14:30 Mark Carney, Bank of England governor, speech and the follow-up session of questions and answers together with other Monetary Policy Committee members. The main topic of the forum is the future of money, but the answers to questions about the near future of monetary policy after Brexit may cause an increase of market interest and a surge of volatility.
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.