Wed, 15 Feb 2017 03:17:00 +0000
Wednesday, the 15th of February, is a busy day, so let's take a closer look with the Economic Calendar.
UK Labour Report for January is up first at 9:30 AM. The unemployment rate has stood at the same low level for the past 3 months, although it has had little effect on monetary policy.
Euro Zone Trade Balance for December follows at 10. Trade surplus widened in November as exports grew faster than imports.
Two highly anticipated news releases regarding the US economy in January are out at 1:30 PM GMT, including the Consumer Price Index. The annual inflation jumped by point 4% in December, rising above 2% for the first time in more than 2 years.
Preliminary Retail Sales are out at the same time. Sales grew more than expected in November on the back of a strong growth in car retail.
And Canadian Manufacturing Sales for December will be available at the same time. Sales rebounded in November, fully reversing a point 6% slip the previous month.
US Industrial Production for January comes at 2:15. Output returned to growth in December, posting the strongest gain in two years.
Federal Reserve Chair Janet Yellen will be giving a closely watched speech at 3. It will be her second day of testifiying on the Semiannual Monetary Policy Report before the House Financial Services Committee in Washington DC.
US NAHB Housing Market Index for February comes at the same time. The Index eased in January, but it remains near the 10-year high reached the previous month.
And US Business Inventories for December are out at this time as well. Inventories grew more than expected in November, reversing a point 1% decline the previous month.
Australian Consumer Inflation Expectations for February are released at midnight. The anticipated annual inflation rate soared to a 2-year high in January.
And Australian Labour Report for January concludes the schedule at half past midnight. It is a high importance release for the Aussie Dollar traders, and the previous report was a bit of a mixed bag as both employment and unemployment went up.
This was the Economic Calendar for Wednesday with me, Kiays Khalil. Check back in for the next overview of news releases for Thursday.
Video made by Dukascopy specialists
You are free to discuss this article here: forum for traders and investors
Despite a range of negative conditions, the Russian oil industry increased its oil production all the way up to another record in 2016. Still, a lot of experts assume that this tendency is likely to reverse in the near future. If that’s the case, the oil production volume in Russia will start dropping.
The Kremlin’s optimism seems to be fading away. The thing is that the amount of pro-Russian politicians in Europe capable of influencing the European politics is shrinking slowly but surely.
2017 is a good year for Cotton farmers.
Louis Rose, President of Risk Analytics
Have fundamental drivers for gold changes since Donald Trump gained presidency?
Alasdair Macleod, Gold Money
Will Shell producers keep pumping oil?
Chris Kairinos, Rand Merchant Bank
Tuesday brings plenty of high importance news releases, so let's take a closer look with the Economic Calendar.
The closely watched preliminary reading of German fourth quarter GDP is up first at 7. The third quarter data surprised on the downside, posting the weakest growth in 2 years.
Policies that discourage immigration to the usa could be good for Canada if our policy makers take advantage of them.
USD/CAD Krishen Rangasamy, National Bank of Canada