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OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and events, notably on the release of the FOMC minutes of the recent January Fed’s monetary policy meeting where market participants will be scrutinizing the thoughts and comments of Fed official on the views of US inflationary pressure trajectory given the hotter than expected CPI and PPI prints for January. Meanwhile, China stock market is backed after a 5-day Lunar New Year break, and the Nikkei 225 has remained firm at the start of the week, just a 1% whisker away from its Dec 1989 all-time high level of 38,957.

Next up, the focus will be on flash manufacturing and services PMI from the Eurozone, UK, and Japan which are leading economic survey-based data especially to monitor the economic health and cyclical points given that the UK and Japan have slipped into a “technical recession” as the respective GDP growth contracted in Q4 2023.