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Market Opportunities : Week 22-01-2024 - 26-01-2024
EURUSD: S&P Global’s flash Manufacturing PMI report for Germany is an important event in the January 22 - 26 week. The manufacturing sector of the largest economy in the euro are has been contracting for the past eighteen months. In case the report on January 24 indicates German manufacturing sector contraction continued in January - the EURUSD will come under bearish pressure.
USDIDX: United State’s gross domestic product report for the fourth quarter of 2023 is an important event for forex markets due January 25. There is a possibility the advance GDP report may indicate stronger growth than the forecast 4.9% over quarter which will be bullish for USDIDX.
USDIDX: United State’s gross domestic product report for the fourth quarter of 2023 is an important event for forex markets due January 25. There is a possibility the advance GDP report may indicate stronger growth than the forecast 4.9% over quarter which will be bullish for USDIDX.
Key Events to Watch
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2024-01-23 | JPY | Bank of Japan (BoJ) Interest Rate Decision | -0.1% | |
| 2024-01-23 | JPY | Bank of Japan (BoJ) Press Conference | ||
| 2024-01-24 | CAD | Bank of Canada (BoC) Interest Rate Decision | 5.00% | |
| 2024-01-24 | USD | EIA United States Crude Oil Stocks Change | ||
| 2024-01-25 | KRW | South Korea Gross Domestic Product (GDP) q/q | 0.6% | 0.6% |
| 2024-01-25 | NOK | Norges Bank Interest Rate Decision | 4.50% | |
| 2024-01-25 | EUR | Ifo Germany Business Climate | 85.2 | 86.4 |
| 2024-01-25 | ZAR | South African Reserve Bank Interest Rate Decision | 8.25% | |
| 2024-01-25 | EUR | European Central Bank (ECB) Deposit Facility Rate Decision | 4.00% | |
| 2024-01-25 | EUR | European Central Bank (ECB) Interest Rate Decision | 4.50% | |
| 2024-01-25 | EUR | European Central Bank (ECB) Marginal Lending Facility Rate Decision | 4.75% | |
| 2024-01-25 | EUR | European Central Bank (ECB) Monetary Policy Press Conference | ||
| 2024-01-26 | USD | United States Pending Home Sales m/m | 0.1% | 0.0% |
