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A Week in The Market (07.02–11.02): Statistics and Oil

Started by RoboForex, Feb 07, 2022, 02:51 pm

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A Week in The Market (07.02-11.02): Statistics and Oil

A Week in The Market (07.02-11.02): Statistics and Oil

The second week of February will feature the latest macroeconomic data and new comments from OPEC and International Energy Agency on the demand for energies.





China: a flow of statistics





China: a flow of statistics




China is back of the Lunar New Year and will release a bunch of macroeconomic reports. For example, Fixed Asset Investment, Industrial Production, Retail Sales, Unemployment Rate, and Caixin Services PMI. Strong Chinese statistics will have a positive influence on risky assets.





JPY: investors will monitor Household Spending





JPY: investors will monitor Household Spending




Japan is scheduled to report on Average Cash Earnings, Bank Lending, Machine Tool Orders, PPI, and Household Spending. Investors are eager to know about the latter indicator - it's a leading indicator of inflation in the country. A high reading will support JPY.





Central Banks: meetings continue





Central Banks: meetings continue




This week, there will be sessions of Central Banks from Poland, India, Iceland, Thailand, Hungary, Indonesia, Mexico, Serbia, Sweden, and Peru. Most of them are not expected to announce any changes to their monetary policies and that's quite good for risky assets.





RUB: focus on the Bank of





RUB: focus on the Bank of




On Friday, the n Central Bank will decide on its benchmark interest rate, which is expected to rise by 100 basis points, up to 9.5% against 8.5% earlier. The RUB price already includes this possibility but there might be sharp fluctuations in RUB pairs after the announcement.





Brent: reports from OPEC and IEA





Brent: reports from OPEC and IEA




The second week of February will feature reports from OPEC and International Energy Agency on the commodity market, which are expected to tell investors about demand/supply parameters. Most likely, there will be comments on the supply shortage, which may support the Brent price.


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