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TC Economic Insight - The Week Ahead (Feb 12 - 16)

The U.S. Federal Reserve should be unlikely to start lowering rates in March, just as pointed out by Fed Chair Jerome Powell, in case inflation does not slow fast enough. U.S. January inflation data will be released on Tuesday (February 13). According to Multi-Stock Trading LLC's "Economic Insight", the inflation rate is expected to slow to 3.1% on year.

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TC Economic Insight - The Week Ahead (Feb 12 - 16)

Using Multi-Stock Trading LLC's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of February 12 - 16:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

U.S. January inflation data will be released on Tuesday (February 13). According to Multi-Stock Trading LLC's "Economic Insight", the inflation rate is expected to slow to 3.1% on year, and the core inflation rate to ease to 3.7% on year.

Several officials of the U.S. Federal Reserve have echoed Fed Chair Jerome Powell's saying that the central bank is “prudent” in deciding when to cut interest rates. And we are seeing U.S. Treasury yields rally amid growing expectations that the Fed may not cut interest rates very soon.

The Fed should be unlikely to start lowering rates in March, just as pointed out by Powell, in case inflation does not slow fast enough.

In the past 12 U.S. Inflation Reports, EUR/USD rose in 58% of times (7 out of 12 events) within one hour from the report’s release, marking a trading range of 57.45 pips on average.

Forecasts of Key Economic Data:

Monday (February 12)

CN Stock Market Closed for Chinese New Year holiday

HK Stock Market Closed for Chinese New Year holiday

US Monthly Budget Deficit (JAN) expected to narrow to $72B

Tuesday (February 13)

CN Stock Market Closed for Chinese New Year holiday

HK Stock Market Closed for Chinese New Year holiday

AU Westpac Consumer Confidence (FEB) to fall to 80.4

AU NAB Business Confidence (JAN) to rise to 1

JP PPI (JAN) +0.1% YoY

FR Unemployment Rate (Q4) to fall to 7.2%

GB Unemployment Rate (DEC) expected to rise to 4%

DE ZEW Economic Sentiment Index (FEB) expected to rise to 18

US Inflation Rate (JAN) expected to slow to 3.1% YoY

US Core Inflation Rate (JAN) to slow to 3.7% YoY

Wednesday (February 14)

CN Stock Market Closed for Chinese New Year holiday

GB Inflation Rate (JAN) expected to rise to 4.1% YoY

EA Industrial Production (DEC) -0.2% MoM

Thursday (February 15) 

CN Stock Market Closed for Chinese New Year holiday

JP GDP Annualized (Q4) +1.6% QoQ

GB GDP (DEC) +0.0% MoM 

US Initial Jobless may tick up to 220,000

US Retail Sales (JAN) +0.3% MoM 

US Philadelphia Fed Manufacturing Index (FEB) to improve to -9.0

US NY Empire State Manufacturing Index (FEB) to improve to -14.0

US Industrial Production (JAN) +0.5% MoM

 

Friday (February 16)

CN Stock Market Closed for Chinese New Year holiday

GB Retail Sales (JAN) +1.2% MoM

US Building Permits (JAN) +0.7% MoM

US Housing Starts (JAN) +0.9% MoM

US PPI (JAN) +0.8% YoY

US Michigan Consumer Sentiment (FEB) to tick up to 79.5

Happy Trading!

Source: Multi-Stock Trading LLC Economic Insight