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TC Economic Insight - The Week Ahead (Feb 19 - 23)
Japan's economy has already slipped into a recession, as gross domestic product (GDP) contracted in two consecutive quarters (the third & fourth quarters of 2023). Investors are therefore keen to know if Japan could show some signs of economic resilience. According to Multi-Stock Trading LLC's "Economic Insight", Japan’s Exports could grow 9.5% on year in January.
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TC Economic Insight - The Week Ahead (Feb 19 - 23)
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 19 - 23:
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:
Japan's economy has already slipped into a recession, as gross domestic product (GDP) contracted in two consecutive quarters (the third & fourth quarters of 2023).
Investors are therefore keen to know if the world’s fourth largest economy, which has just been overtaken by Germany, could show some signs of economic resilience.
According to Multi-Stock Trading LLC's "Economic Insight", Japan’s Exports (to be reported on Wednesday, February 21), could grow 9.5% on year in January.
In the past 12 Japanese Trade Balance Reports, USD/JPY rose in 58% of times (7 out of 12 events) within one hour from the report’s release, marking a trading range of 22.06 pips on average.
Forecasts of Key Economic Data:
Monday (February 19)
JP Machinery Orders (DEC) +2.3% MoM
US Market Closed for Presidents’ Day Holiday
CA PPI (JAN) -2.3% YoY
Tuesday (February 20)
Australia Central Bank’s latest monetary meeting minutes
CA Inflation Rate (JAN) expected to slow to 3.2% YoY
US Conference Board Leading Index (JAN) -0.2% MoM
Wednesday (February 21)
JP Trade Surplus (JAN) expected to widen to 150 billion yen
JP Exports (JAN) +9.5% YoY
JP Imports (JAN) -8.4% YoY
CA New Housing Price Index (JAN) -0.1% MoM
US FOMC latest monetary meeting minutes
Thursday (February 22)
NZ Trade Deficit (JAN) may widen to NZ$600 million
FR HCOB Manufacturing PMI Flash (FEB) to tick up to 44.0
DE HCOB Manufacturing PMI Flash (FEB) to improve to 46.6
GB S&P Global Manufacturing PMI Flash (FEB) to rise to 47.3
CA Retail Sales (DEC) +0.7% MoM
US Initial Jobless may tick up to 215,000
US S&P Global Manufacturing PMI Flash (FEB) to tick down to 50.3
US Existing Home Sales (JAN) +3.0% MoM
Friday (February 23)
JP Stock Market Closed for Emperor's Birthday Holiday
NZ Retail Sales (4Q) -2.6% YoY
GB Gfk Consumer Confidence (FEB) may dip to -20
DE Ifo Business Climate (FEB) expected to tick up to 85.7
Happy Trading!
Source: Multi-Stock Trading LLC Economic Insight