Trading News to Watch Next Week (18-22 February 2019)

Our video features some, but not all, of the leading market events for next week. Explore the full list of 18-22 February events in our detailed report.

Monday, February 18

 

AUD – Monetary Policy Meeting Minutes – 7:30 pm (High Impact)

A detailed record of the RBA Reserve Bank Board’s most recent meeting providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

Tuesday, February 19

 

GBP – Average Earnings Index 3m/y – 4:30 am (High Impact)

Reflects the change in the price businesses and the government pay for labor, including bonuses. The data here represents the 3-month moving average compared to the same period a year earlier.

A value of 3.4% for the previous month slightly outperformed a 3.3% forecast.

GBP – Unemployment Rate – 4:30 am (Medium Impact)

Tracks the percentage of total workforce that is unemployed and actively seeking employment during the past 3 months. Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.

A value of 4.0% for the previous month slightly outperformed a 4.1% forecast.

AUD – Wage Price Index q/q – 7:30 pm (High Impact)

Reflects the change in the price businesses and the government pay for labor, excluding bonuses.

A value of 0.6% for the previous quarter remained consistent with the forecast.

Wednesday, February 20

Picture of ECB combined with the American flag

Source: DF Markets
USD – FOMC Meeting Minutes – 2:00 pm (High Impact)

Provides a detailed record of the FOMC’s most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates.

AUD – Employment Change – 7:30 pm (High Impact)

Shows the change in the number of employed people during the previous month. This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts.

A value of 21.6K for the previous month crushed a 17.3K forecast.

AUD – Unemployment Rate – 7:30 pm (High Impact)

Tracks the percentage of the total workforce that is unemployed and actively seeking employment during the previous month. Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.

A value of 5.0% for the previous month slightly outperformed a 5.1% forecast.

Thursday, February 21

 

EUR – German Flash Services PMI – 3:30 am (High Impact)

Shows the level of a diffusion index based on a survey of about 500 purchasing managers asking respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.

Above 50.0 indicates industry expansion, below indicates contraction. A value of 53.1 for the previous month beat a forecast of 52.2.

GBP – Public Sector Net Borrowing – 4:30 am (Medium Impact)

Monitors the difference in value between spending and income for public corporations, the central government, and local governments during the previous month.

A positive number indicates a budget deficit, a negative number indicates a surplus. A value of 2.1B for the previous month greatly underperformed vs. a 1.1B forecast.

EUR – ECB Monetary Policy Meeting Accounts – 7:30 am (Medium Impact)

Shows a detailed record of the ECB Governing Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

USD – Core Durable Goods Orders m/m – 8:30 am (High Impact)

Tracks the change in the total value of new purchase orders placed with manufacturers for durable goods, excluding transportation items. The report acts as a leading indicator of production—rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.

An actual value of -0.3% for the previous month significantly fell behind a 0.3% forecast.

USD – Philly Fed Manufacturing Index – 8:30 am (Medium Impact)

Tracks a level of a diffusion index based on а survey of about 250 manufacturers in the Philadelphia Federal Reserve district asking respondents to rate the relative level of general business conditions.

An actual value of 17.0 for the previous month greatly outperformed a 9.7 forecast.

CAD – BOC Gov Poloz Speaks – 12:35 pm (High Impact)

Due to speak about monetary policy at the Chamber of Commerce of Metropolitan Montreal. As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Volatility is sometimes experienced during his speeches as traders attempt to decipher interest rate clues.

AUD – RBA Gov Lowe Speaks – 5:30 pm (High Impact)

Due to testify before the House of Representatives’ Standing Committee on Economics, in Sydney. As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues.

Friday, February 22

Pictured: Euro symbol and the building of ECB

Source: DF Markets
EUR – German Ifo Business Climate – 4:00 am (Medium Impact)

Tracks the level of a composite index based on a survey of about 7 000 businesses asking respondents to rate the relative level of current business conditions and expectations for the next 6 months.

An actual value of 99.1 for the previous month underperformed vs. a 100.7 forecast.

CAD – Core Retail Sales m/m – 8:30 am (High Impact)

Shows the change in the total value of sales at the retail level, excluding automobiles.

An actual value of -0.6% for the previous month underperformed vs. a -0.4% forecast.

CAD – Retail Sales m/m – 8:30 am (Medium Impact)

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

An actual value of -0.9% for the previous month underperformed vs. a -0.6% forecast.

EUR – ECB President Draghi Speaks – 10:30 am (High Impact)

Due to speak as he accepts an honorary degree from the University of Bologna. As head of the ECB, which controls short term interest rates, he has more influence over the euro’s value than any other person. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues.

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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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