Top 6 Economic Events of This Week Top Economic Events Happening This Week | January 16 – 20 - 2023

World Economic Forum – Monday, January 16th

📅 The World Economic Forum will be held all day on January 16.

📌 The World Economic Forum (WEF) is an annual event that brings together leaders in business, politics, academia, and civil society to discuss pressing global issues and shape the economic, social, and political agenda.

📊 The WEF is considered to be one of the most important events in the global economic calendar. It provides a platform for leaders to discuss pressing global issues and share their perspectives on the current state of the economy. The event is closely watched by investors and traders as the attendees include central bankers, policymakers, and CEOs of major companies. Their statements and opinions may have an impact on assets such as stocks, USD and other currencies.

Assets potentially to be affected: $USD and $US Stocks 🇺🇸

Claimant Count Change UK – Tuesday, January 17th

📅 The UK Claimant Count Change will be released on Tuesday, January 17 at 9:00 (GMT +2).

📌 The Claimant Count Change is a measure of the number of people claiming unemployment benefits in the United Kingdom. It is released by the Office for National Statistics (ONS) on a monthly basis and is considered to be an important indicator of the health of the UK labor market.

📊 The Claimant Count Change is considered to be an important event in the UK economic calendar as it provides a snapshot of the labor market conditions. A positive change in the number of people claiming unemployment benefits can indicate a strong labor market and a healthy economy, which can lead to a stronger Pound and an upward trend in UK stocks. Conversely, a negative change in the number of people claiming unemployment benefits can indicate a weaker labor market and a weaker economy, which can lead to a weaker GBP and a downward trend in UK stocks.

Assets potentially to be affected: $GBP and $FTSE100 🇬🇧

US Empire State Manufacturing Index – Tuesday, January 17th

📅 On Tuesday, January 17, the US Empire State Manufacturing Index will be released at 15:30 (GMT+2).

📌 The Empire State Manufacturing Index is a monthly survey of manufacturers in the state of New York. It is released early in the month for the current month, and the results are reported as a diffusion index, which ranges from -100 to 100, where a reading above zero indicates expansion and below zero indicates contraction.

📊 The Empire State Manufacturing Index is considered to be an important event in the US economic calendar as it provides an early indication of the health of the US manufacturing sector.  A positive reading of the index can indicate strong business conditions and a healthy economy, which can lead to a stronger dollar and an upward trend in US stocks. Conversely, a negative reading of the index can indicate weak business conditions and a weaker economy, which can lead to a weaker US Dollar and a downward trend in US stocks. Additionally, the results of this survey can also affect the monetary policy decisions by the Federal Reserve.

Assets potentially to be affected: $USD and $US Stocks 🇺🇸

BOJ Outlook Report, Statement and Press Conference – Wednesday, January 18th

📅 On Wednesday, January 18, BOJ Outlook Report, Statement and Press Conference will be held.

📌 The Bank of Japan (BOJ) Outlook Report, Statement and Press Conference is an event that takes place several times a year, where the bank releases its outlook report, monetary policy statement and holds a press conference to discuss the state of the Japanese economy and monetary policy.

📊 This event is considered to be an important event in the global economic calendar as the BOJ is one of the most influential central banks in the world. The bank's monetary policy decisions can affect the interest rates, which can impact the value of the yen and the direction of the Japanese stock market. The bank's outlook report and press conference can also provide insight into the bank's view of the economy, which can provide traders with valuable information when making investment decisions.

Assets potentially to be affected: $JPY and Asian Stocks 🇯🇵

The United Kingdom Consumer Price Index (CPI) – Wednesday, January 18th

📅 The United Kingdom Consumer Price Index (CPI) will be released on Wednesday, January 18 at 9:00 (GMT +2).

📌 The United Kingdom Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by consumers for a basket of goods and services. It is released by the Office for National Statistics (ONS) on a monthly basis and is considered to be the most important measure of inflation in the United Kingdom.

📊 The CPI is considered to be an important event in the UK economic calendar as it provides an indication of the level of inflation in the economy. A high level of inflation can indicate an overheating economy, which can lead to a weaker Pound and a downward trend in UK stocks. On the other hand, a low level of inflation may indicate a weaker economy, which can lead to a stronger GBP and an upward trend in UK stocks.

Assets potentially to be affected:  $GBP and $FTSE100 🇬🇧

The US PPI, Core PPI and Retail Monthly Sales – Wednesday, January 18th

📅 The US PPI, Core PPI and Retail Monthly Sales will be released on Wednesday, January 18 at 15:30 (GMT +2).

📌 These events are considered to be important indicators of the health of the US economy. The PPI and Core PPI provide insight into the level of inflation in the economy, and the Retail Monthly Sales report provides insight into consumer spending which is a major driver of economic growth.

📊 A high level of inflation as indicated by the PPI or Core PPI can indicate an overheating economy, which can lead to the strengthening of US Dollar and a bearish sentiment of US stocks. On the other hand, a low level of inflation may indicate a weaker economy, which can lead to a weaker USD and a bullish sentiment in US stocks. The Retail Monthly Sales report, if strong, indicates healthy consumer spending, which can lead to a rally in the national currency and stocks. On the other hand, a weak report can indicate weaker consumer spending, leading to a loss of support for the US Dollar and stocks.

Assets potentially to be affected:   $USD and $US Stocks 🇺🇸

That's it for this week! 👋