{"id":6997,"date":"2024-01-22T07:00:46","date_gmt":"2024-01-22T07:00:46","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=6997"},"modified":"2024-01-22T07:00:46","modified_gmt":"2024-01-22T07:00:46","slug":"weekly-overview-2024-01-22-7","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/ro\/analytics\/weekly-overview-2024-01-22-7\/","title":{"rendered":"Week&#8217;s main events (January 22 &#8211; January 26)"},"content":{"rendered":"\r\n<div class=\"ag-base_page ag-m-format-container\">\r\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (January 22 &#8211; January 26)<\/h1>\r\n<div class=\"ag-analytics-page ag-market-overview-page\">\r\n <p class=\"ag-analytics_text\">\r\nIt&#8217;s going to be a busy week. The major central banks begin their first meetings of&#160;2024, and the People&#8217;s Bank of China&#160;(PBoC), Bank of Japan&#160;(BoJ), Bank of Canada&#160;(BoC), Norges Bank, and ECB will be the first to meet. PMI data will show how the global economy is doing at the start of the year. Traders should not forget about the situation in the Middle East, where the growing geopolitical situation has a strong impact on oil and gold prices. In addition, a number of data on the US economy will be released this week, namely the GDP data for Q4 last year, as well as the PCE deflator, which is the preferred inflation indicator for the US Fed. Also, the US reporting season for the&#160;4th quarter of last year should not be missed: Netflix&#160;(NFLX), Tesla&#160;(TSLA), and Intel&#160;(INTC) are expected to report this week.\r\n  <\/p>\r\n\r\n\r\n\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Monday, January&#160;22\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nChina&#8217;s Central Bank will update key interest rates on Monday. No changes are expected, but against the backdrop of lower economic activity during the deflationary period, the PBoC may announce additional stimulus, which will have a positive impact on Asian indices.\r\n  <\/div>\r\n<div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 China PBoC Loan Prime Rate&#160;(m\/m) at&#160;03:15&#160;(GMT+2).<\/li>\r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Tuesday, January&#160;23\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nTuesday&#8217;s main event will be the Bank of Japan&#8217;s&#160;(BoJ) monetary policy meeting. The Bank of Japan is expected to maintain all monetary policy settings and point out the importance of seeing steady inflation growth or at least wage growth. This is likely to hurt the Japanese Yen. Another event to watch out for is the New Zealand inflation data. New Zealand publishes this data once a quarter, so the volatility on currency pairs with NZD increases. Inflation is expected to fall from&#160;1.8% to&#160;0.5%.\r\n  <\/div>\r\n\r\n   <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n <li>\u2013 Japan BoJ Interest Rate Decision at&#160;04:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 Japan BoJ Monetary Policy Statement at&#160;04:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 Singapore Consumer Price Index&#160;(m\/m) at&#160;07:00&#160;(GMT+2);<\/li>\r\n<li>\u2013 Japan BoJ Press Conference at&#160;08:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 US Richmond Manufacturing Index&#160;(m\/m) at&#160;17:00&#160;(GMT+2);<\/li>\r\n<li>\u2013 New Zealand Consumer Price Index&#160;(q\/q) at&#160;23:45&#160;(GMT+2).<\/li>\r\n  <\/ul>\r\n\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Wednesday, January&#160;24\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nWednesday will bring various Manufacturing PMI and Services PMI statistics for many countries. This data will indicate how business activity was in contraction territory at the beginning of the year in most of the world. But the main event of Wednesday, of course, is the Bank of Canada&#8217;s monetary policy meeting. Like other G10 central banks, the Bank of Canada is not yet ready to cut rates. The Bank is expected to keep the rate at&#160;5%. Volatility in currency pairs with the Canadian dollar will increase.\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Australia Manufacturing PMI&#160;(m\/m) at&#160;00:00&#160;(GMT+2);<\/li>\r\n<li>\u2013 Australia Services PMI&#160;(m\/m) at&#160;00:00&#160;(GMT+2);<\/li>\r\n<li>\u2013 Japan Trade Balance&#160;(m\/m) at&#160;01:50&#160;(GMT+2);<\/li>\r\n<li>\u2013 Japan Manufacturing PMI&#160;(m\/m) at&#160;02:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 Japan Services PMI&#160;(m\/m) at&#160;02:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 Germany Manufacturing PMI&#160;(m\/m) at&#160;10:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 Germany Services PMI&#160;(m\/m) at&#160;10:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 Eurozone Manufacturing PMI&#160;(m\/m) at&#160;11:00&#160;(GMT+2);<\/li>\r\n<li>\u2013 Eurozone Services PMI&#160;(m\/m) at&#160;11:00&#160;(GMT+2);<\/li>\r\n<li>\u2013 UK Manufacturing PMI&#160;(m\/m) at&#160;11:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 UK Services PMI&#160;(m\/m) at&#160;11:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 US Manufacturing PMI&#160;(m\/m) at&#160;16:45&#160;(GMT+2);<\/li>\r\n<li>\u2013 US Services PMI&#160;(m\/m) at&#160;16:45&#160;(GMT+2);<\/li>\r\n<li>\u2013 Canada BoC Interest Rate Decision at&#160;17:00&#160;(GMT+2);<\/li>\r\n<li>\u2013 Canada BoC Monetary Policy Report at&#160;17:00&#160;(GMT+2);<\/li>\r\n<li>\u2013 US Crude Oil Reserves&#160;(w\/w) at&#160;17:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 Canada BoC Press Conference at&#160;18:00&#160;(GMT+2).<\/li>\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Thursday, January&#160;25\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe European Central Bank holds its first policy meeting in&#160;2024 on Thursday amid speculation of rate cuts. With a high probability the ECB will keep the rate at&#160;4.5%. Much will depend on what Lagarde says at the press conference. If there are hints of a rate cut soon, the EUR may appreciate it. Conversely, if it is not time to cut rates yet, the euro may get additional support. The US Advance GDP for the quarter will also be at the center of investors&#8217; attention on Thursday. Analysts expect to see a slight increase in GDP indicators. Market participants should also pay attention to the US Initial Jobless Claims, which indicate the dynamics of the labor market and are closely monitored by the Fed. It\u2019s a bank holiday in Australia.\r\n  <\/div>\r\n\r\n <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 German Ifo Business Climate&#160;(m\/m) at&#160;11:00&#160;(GMT+2);<\/li>\r\n<li>\u2013 Norwegian Norges Interest Rate Decision at&#160;11:00&#160;(GMT+2);<\/li>\r\n<li>\u2013 Eurozone ECB Interest Rate Decision at&#160;15:15&#160;(GMT+2);<\/li>\r\n<li>\u2013 Eurozone ECB Monetary Policy Statement at&#160;15:15&#160;(GMT+2);<\/li>\r\n<li>\u2013 US Building Permits&#160;(m\/m) at&#160;15:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 US Core Durable Goods Orders&#160;(m\/m) at&#160;15:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 US GDP&#160;(q\/q) at&#160;15:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 US Initial Jobless Claims&#160;(w\/w) at&#160;15:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 Eurozone ECB Press Conference at&#160;15:45&#160;(GMT+2);<\/li>\r\n<li>\u2013 US New Home Sales&#160;(m\/m) at&#160;17:00&#160;(GMT+2);<\/li>\r\n<li>\u2013 Eurozone ECB President Lagarde Speaks at&#160;17:15&#160;(GMT+2);<\/li>\r\n<li>\u2013 US Natural Gas Storage&#160;(w\/w) at&#160;17:30&#160;(GMT+2).<\/li>\r\n  <\/ul>\r\n\r\n  <div class=\"ag-analytics_title\">\r\n    Friday, January&#160;26\r\n  <\/div>\r\n  <div class=\"ag-analytics_title-list\">\r\nThe most important Friday release is the US PCE price index&#160;(Personal Income and Spending), which is also on the Fed&#8217;s list of inflation indicators. Following the CPI and PPI reports, economists expect the core PCE deflator to fall below 3% for the first time since March&#160;2021. The decline in the indicator may trigger new rumors of an imminent rate cut from the US Fed, which could put pressure on the dollar index. Japan will publish data on consumer prices in the Tokyo region, which is a leading indicator of the nationwide CPI. Further decline in inflation will put pressure on the yen. It\u2019s a bank holiday in Australia.\r\n  <\/div>\r\n\r\n  <div class=\"ag-analytics_title-list__strong\">\r\n    Main events of the day:\r\n  <\/div>\r\n\r\n  <ul class=\"ag-analytics_list\">\r\n<li>\u2013 Japan Tokyo Core CPI&#160;(m\/m) at&#160;01:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 Japan Monetary Policy Meeting Minutes at&#160;01:50&#160;(GMT+2);<\/li>\r\n<li>\u2013 US PCE price index&#160;(m\/m) at&#160;15:30&#160;(GMT+2);<\/li>\r\n<li>\u2013 US Pending Home Sales&#160;(m\/m) at&#160;17:00&#160;(GMT+2).<\/li>\r\n  <\/ul>\r\n\r\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, <span class=\"updated\">2024.01.22<\/span><\/p>\r\n<!--a href=\"\/analytics\/daily-forecast\" class=\"ag-analytics_link\">\r\n          We advise you to get acquainted with the daily forecasts for the major currency pairs.\r\n        <\/a--> <a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/ro\/register\/?sl=1\">Open Account<\/a><\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (January 22 &#8211; January 26) It&#8217;s going to be a busy week. The major central banks begin their first meetings of&#160;2024, and the People&#8217;s Bank of China&#160;(PBoC), Bank of Japan&#160;(BoJ), Bank of Canada&#160;(BoC), Norges Bank, and ECB will be the first to meet. PMI data will show &#8230;<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[238],"tags":[],"class_list":["post-6997","post","type-post","status-publish","format-standard","hentry","category-analytics"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/posts\/6997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/comments?post=6997"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/posts\/6997\/revisions"}],"predecessor-version":[{"id":6998,"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/posts\/6997\/revisions\/6998"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/media?parent=6997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/categories?post=6997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/ro\/wp-json\/wp\/v2\/tags?post=6997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}