Trading News to Watch Next Week (14-18 January 2019)

Source: DF Markets

Could the upcoming week be the one where we finally get to know the UK parliament’s stance regarding Brexit? We’re about to see.

In the meantime, we invite you to check our full report below to ensure that you won’t forget about the other noteworthy events brewing on the horizon, like the upcoming G20 meetings and a PPI m/m report coming from the US.

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Monday, January 14

 

AUD – MI Inflation Gauge m/m – 1:00 am (Medium Impact)

Shows the change in the price of goods and services purchased by consumers. This data provides a monthly look at consumer inflation and is designed to mimic the quarterly government-released CPI data.

An actual price change of 0.0% for the previous month is slightly lower than the 0.1% from the month before (November).

CNY – Trade Balance – Tentative (Medium Impact)

Tracks the difference in value between imported and exported goods during the previous month. Export demand and currency demand are directly linked because foreigners usually buy the domestic currency to pay for the nation’s exports. Export demand also impacts production and prices at domestic manufacturers.

An actual value difference of 306B for the previous month crushed a 227B forecast.

NZD – NZIER Business Confidence – 10:00 pm (Medium Impact)

Monitors the level of a diffusion index based on a survey of about 2 500 manufacturers, builders, wholesalers, retailers, and service providers and asks them to rate the relative 6-month economic outlook

Above 0 indicates optimism, while below that indicates pessimism. An actual index value of -30 for the previous quarter performed worse than the -20 value from the quarter before (July).

Tuesday, January 15

 

USD – PPI m/m – 2:30 pm (High Impact)

Tracks the change in the price of finished goods and services sold by producers. The PPI index is a leading indicator of consumer inflation—when producers charge more for goods and services the higher costs are usually passed on to the consumer.

An actual price change of 0.1% for the previous month slightly beats a 0.0% forecast.

GBP – Parliament Brexit Vote – Tentative (High Impact)

tower-of-London-on-Britain-flag-background

Source: DF Markets

The UK Parliament will vote to decide on passage of the deal triggering article 50 with European Union. The result will likely be projected before the official vote count is announced, based on early vote counts. A simple majority will be needed to pass the bill.

Wednesday, January 16

 

GBP – CPI y/y – 10:30 am (High Impact)

Tracks the change in the price of goods and services purchased by consumers. This is considered the UK’s most important inflation data because it’s used as the central bank’s inflation target. The data is derived by averaging the price of various goods and services, which are then sampled and compared to the sampling done a year earlier.

An actual value change of 2.3% for the previous month confirmed a forecast of the same value.

AUD – Westpac Consumer Sentiment – 12:30 am (Medium Impact)

Shows the change in the level of a diffusion index based on a survey of about 1 200 consumers which asks respondents to rate the relative level of past and future economic conditions, employment, and climate for major purchases. Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

An actual change of 0.1% for the previous month greatly underperformed vs. a change of 2.8% for November.

Thursday, January 17

 

All – G20 Meetings – Day 1 (High Impact)

collage-of-the-flags-of-g20-countries

Source: DF Markets

G20 meetings are attended by finance ministers and central bankers from 20 industrialised nations including the G7 nations—Canada, Italy, France, Germany, Japan, the UK, and the US.While it’s not an institution, the G20 is an influential global policy-making body operating at the highest level, and their initiatives and policies can impact the currency markets.

GBP – BOE Credit Conditions Survey – 10:30 am (Medium Impact)

This report includes detailed data on secured and unsecured lending to households, small businesses, non-financial corporations, and non-bank financial firms.The data is collected from a survey of bank and non-bank lenders which asks respondents to rate the relative level of credit conditions in the past 3 months and next 3 months.

Friday, January 18

 

All – G20 Meetings – Day 2 (High Impact)

G20 meetings are attended by finance ministers and central bankers from 20 industrialised nations including the G7 nations—Canada, Italy, France, Germany, Japan, the UK, and the US.While it’s not an institution, the G20 is an influential global policy-making body operating at the highest level, and their initiatives and policies can impact the currency markets.

GBP – Retail Sales m/m – 10:30 am (High Impact)

Shows the change in the total value of inflation-adjusted sales at the retail level. The retail sales metric is the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

An actual value change of 1.4% for the previous month crushed a 0.3% forecast.

CAD – CPI m/m – 2:30 pm (High Impact)

Shows the change in the price of goods and services purchased by consumers. The data is derived by averaging the price of various goods and services, which are then sampled and compared to the sampling done a year earlier.

An actual price change of -0.4% for the previous month confirmed a forecast of the same value.

USD – Prelim UoM Consumer Sentiment – 4:00 pm (Medium Impact)

Measures the level of a composite index based on a survey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions.

An actual index level of 97.5 for the previous month slightly beat a 97.0 forecast.

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Missed our previous report? Visit us here to catch up on last week’s top news. While you’re at it, don’t forget to also visit our Economic Calendar for extra details regarding each event.

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