Another exciting week in the world of finance is ahead of us as markets remain on high alert for US CPI and other major economic events. As we saw last week, the release of the UK GDP figures came as a surprise to many, as the results were worse than forecast, leading to a drop in the stability of the pound and other assets.
Will we see a repeat of last week's events, or will the markets react differently this time? It's hard to say, but we know that the finance world is always full of surprises.
Get ready for an exciting week ahead!
United Kingdom Claimant Count Change – Tuesday, February 14th
📅 United Kingdom Claimant Count Change will be released on Tuesday, February 14, at 9:00 (GMT +2).
📌 The United Kingdom Claimant Count Change is a key economic indicator that measures the change in the number of individuals who have claimed unemployment benefits in the UK. This statistic provides valuable insights into the state of the labor market and the economy's overall health.
📊 As we know, an increase in the claimant count is an indication of weakness in the labor market and can have a negative effect on the UK GDP quotes. However, analysts are predicting a decline in this indicator in the upcoming release, which means that the number of applicants could drop precipitously. This could positively impact the stock market and the national currency.
Assets potentially to be affected: $GBP and $UK Stocks 🇬🇧
United States Consumer Price Index (CPI) m/m – Tuesday, February 14th
📅 The United States Consumer Price Index (CPI) m/m will be announced on Tuesday, February 14 at 15:30 (GMT+2).
📌 The US Consumer Price Index measures the average price change that consumers pay for a basket of goods and services over time. The basket of goods and services included in the CPI is designed to represent the spending patterns of the average American household. It is based on data from the Bureau of Labor Statistics.
📊 Investors will likely reinstate their long positions on the US Dollar if the monthly Core CPI in October arrives at 0.5% or higher. On the other hand, a reading of 0.3% or lower could feed into the ‘Fed pivot’ narrative and trigger a US Dollar sell-off.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
The United Kingdom Consumer Price Index (CPI) – Wednesday, February 15th
📅 The United Kingdom Consumer Price Index (CPI) will be released on Wednesday, February 15 at 9:00 (GMT +2).
📌 The United Kingdom Consumer Price Index (CPI) measures the average change over time in the prices consumers pay for a basket of goods and services. It is released by the Office for National Statistics (ONS) monthly and is considered the most important measure of inflation in the United Kingdom.
📊 The CPI is considered an important event in the UK economic calendar as it indicates the level of inflation in the economy. A high level of inflation can indicate an overheating economy, leading 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 – Thursday, February 16th
📅 The US PPI will be released on Thursday, February 16 at 15:30 (GMT +2).
📌 This event is considered an important indicator of the health of the US economy. The PPI and Core PPI provide insight into the level of inflation in the economy, which is a major driver of economic growth. It should be noted that PPI and CPI are both measures of inflation, but PPI measures the price change of goods at the wholesale level, while CPI measures the change in prices of goods and services at the consumer level.
📊 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 the US Dollar and 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.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
UK Retail Sales m/m – Friday, February 17th
📅 UK Retail Sales m/m will be released on Friday, February 17, at 9:00 (GMT +2).
📌 UK Retail Sales m/m measures the month-to-month change in the total sales value at the retail level in the United Kingdom. It's a key indicator of consumer spending and offers valuable insight into the economy's overall health.
📊 This data can potentially create significant volatility in the euro and Britain stocks. According to expert predictions, this indicator is expected to show a decline, signaling a slowdown in the economy and a decrease in consumer spending. Keep a close eye on this data and be ready to react to any market movements.
Assets potentially to be affected: $GBP and $UK Stocks 🇬🇧
That's it for this week! 👋
