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USD - Major events in the week ahead

Saturday, Feb 10 2018
USD - Major events in the week ahead

Events that marked the week:

On Monday ISM Non-Manufacturing PMI data was published. The NMI® registered 59.9 percent, which is 3.9 percentage points higher than the seasonally adjusted December reading of 56 percent. This represents continued growth in the non-manufacturing sector at a faster rate. The Non-Manufacturing Business Activity Index increased to 59.8 percent, 2 percentage points higher than the seasonally adjusted December reading of 57.8 percent, reflecting growth for the 102nd consecutive month, at a faster rate in January. The New Orders Index registered 62.7 percent, 8.2 percentage points higher than the seasonally adjusted reading of 54.5 percent in December.

On Thursday Unemployment Claims data was released. In the week ending February 3, the advance figure for seasonally adjusted initial claims was 221,000, a decrease of 9,000 from the previous week's unrevised level of 230,000. The 4-week moving average was 224,500, a decrease of 10,000 from the previous week's unrevised average of 234,500. This is the lowest level for this average since March 10, 1973 when it was 222,000. The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending January 27, unchanged from the previous week's unrevised rate.

 

This week markets will be looking at:

 

CPI (Wednesday 14:30)

Retail Sales (Wednesday 14:30)

PPI (Thursday 14:30)

Empire State Manufacturing Index (Thursday 14:30)

Philly Fed Manufacturing Index (Thursday 14:30)

Unemployment Claims (Thursday 14:30)

Industrial Production (Thursday 15:15)

Building Permits/Housing Starts (Friday 14:30)

Prelim UoM Consumer Sentiment (Friday 16:00)

More in this category: « UK Industrial Production down more than expected China January new loans surge to record 2.9 trillion yuan, blow past forecasts »

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