Started by RoboForex, Feb 07, 2022, 02:51 pm
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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 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.
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.
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.
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.
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.
The post A Week in The Market (07.02-11.02): Statistics and Oil appeared first at R Blog - RoboForex.
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