Last week saw some jaw-dropping movements in the Dollar, stocks ($NAS100, $DOW30, $SPX500), and Gold, and this week we'll see if these trends have staying power or if there's a new tendentious in the financial world.
This is not the time to be a passive observer, buckle up and stay tuned!
European Union Retail Sales m/m – Monday, February 6th
📅 European Union Retail Sales m/m will be released on Monday, February 6, at 12:00 (GMT +2).
📌 European Union Retail Sales m/m measures the month-to-month change in the total value of sales at the retail level in the European Union. 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 European 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: $EUR and $EU Stocks 🇪🇺
Reserve Bank of Australia (RBA) Interest Rate Decision – Tuesday, February 7th
📅 The Reserve Bank of Australia (RBA) Interest Rate Decision will be announced on Tuesday, February 7 at 5:30 (GMT+2).
📌 The Reserve Bank of Australia (RBA) Interest Rate Decision refers to announcing its official cash rate target. This is a highly anticipated event, as it can significantly impact financial markets and the Australian economy. Traders and investors closely watch the RBA's interest rate decision, as it can influence the Australian dollar's value and the stock market's performance.
📊 The key rate in Australia is expected to rise again, which may lead to the movement of assets such as currency pairs with AUD, as well as shares of some companies.
Assets potentially to be affected: $AUD 🇦🇺
EIA United States Crude Oil Stocks Change – Wednesday, February 8th
📅 On Wednesday, February 8, the EIA United States Crude Oil Stocks Change will be released at 17:30 (GMT+2).
📌 The EIA United States Crude Oil Stocks Change is a weekly report released by the Energy Information Administration (EIA) that provides data on changes in crude oil inventories in the United States. This report is closely watched by traders, investors, and analysts as it offers valuable insight into the supply and demand dynamics of the crude oil market.
📊 A higher-than-expected increase in crude oil stocks can indicate a surplus of supply relative to demand, leading to a decrease in oil prices. On the other hand, a lower-than-expected increase or a decrease in crude oil stocks can indicate a tighter supply-demand balance and potentially lead to an increase in oil prices.
Assets potentially to be affected: Crude Oil 🛢
United Kingdom Gross Domestic Product (GDP) m/m – Friday, February 10th
📅 On Friday, February 10, the United Kingdom Gross Domestic Product (GDP) m/m will be released at 9:00 (GMT+2).
📌 The United Kingdom Gross Domestic Product (GDP) m/m is a measure of the monthly change in the value of all goods and services produced within the United Kingdom. It is a key indicator of the overall economic activity in the country and offers valuable insight into the economy's strength.
📊 A higher-than-expected increase in GDP can indicate a growing economy, which can be positive for the stock market and the British pound. On the other hand, a lower-than-expected increase or a decrease in GDP can indicate a weaker economy, which can be negative for the stock market and the pound.
Assets potentially to be affected: $GBP and $UK Stocks 🇬🇧
Canada Employment Change – Friday, February 10th
📅 Canada Employment Change will be released on Friday, February 10, at 15:30 (GMT +2).
📌 The Canada Employment Change report, released monthly, tracks employment-level fluctuations across the country. This report provides crucial insight into the state of the labor market and is a vital indicator of the country's economic well-being.
📊 An increase in employment that exceeds expectations is a sign of a robust and expanding economy, which can positively impact the Canadian dollar and stock market. Conversely, a slower-than-expected rise in employment or a decrease can indicate a weaker economy, potentially leading to a decline in the Canadian dollar and stock market.
Assets potentially to be affected: $CAD 🇨🇦
That's it for this week! 👋
