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A Week in the Market: a Lot of Statistics (9-13 January) – R Blog

ByAnna Rostova

Jan 9, 2023
USD: Focus on inflation

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The macroeconomic calendar is full of data this week, and there is a lot of interesting information for investors.

USD: Focus on inflation

The US consumer price index for December will be published, and there is a chance that inflation has fallen from 7.1% to 6.5% year-on-year. This is not the most important inflation report for the Fed, but it is vital for capital markets. Decreasing inflation will allow us to hope for a moderate pace of interest rate hikes, putting pressure on the USD.

EUR: Reliance on ECB meeting minutes

EUR: Reliance on ECB meeting minutes

The Eurozone is preparing a significant stream of country-specific statistics. Minutes from the last ECB meeting will be presented; the document may contain indications for further rate hikes, and EUR could find a foothold in the minutes.

AUD: Positive impact of the news from China

AUD: Positive impact of the news from China

Australia will release retail sales and inflation data as well as trade balance details. A definite positive for the AUD exchange rate is a sign of China’s willingness to open its borders.

JPY: Between inflation and intervention

JPY: Between inflation and intervention

Japan releases statistics on household spending. The figure could increase by 0.6% y/y after an increase of 1.2% earlier, which could be a negative inflationary signal. JPY remains strong for now due to BoJ interventions but will weaken further.

GBP: rapid recovery

GBP: rapid recovery

The UK will present price and industry data. The GBP exchange rate has quickly recovered from last week’s stress and will remain resilient if the news does not add to the negativity.

Material is prepared by

Anna Rostova

A Forex trader with a more than 10-years experience in leading investment banks. She gives her weighted view of markets through analytical articles, regularly published by RoboForex and other popular financial sources.

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Image and article originally from blog.roboforex.com. Read the original article here.