The main events of Friday!

On Friday, February 8, the day is saturated with data on the trade balance of Japan and employment in Switzerland and Canada.

At 01:30 – data on expenditures in Japan will be released:
– Household Expenditure Index (y/y) (December), forecast 0.8%, previous value -0.6%.
– Household Expenditure Index (m/m) (December), forecast -0.2%, previous value 1.1%.

At 01:50 – Japan’s trade balance will be published:
– Current account (seasonally adjusted), the forecast 1.52T,  previous value 1.44T.
– Current account (non seasonally adjusted) (December), forecast 0.568T, previous value 0.757T.

At 02:30 – RBA monetary policy report will be published.

At 08:45 – employment data in Switzerland will be released:
– The unemployment rate in Switzerland, non seasonally adjusted (January), previous value  2.7%.
– The unemployment rate in Switzerland, seasonally adjusted (January),  forecast 2.4%, previous value 2.4%.

At 09:00 – German trade balance  (December) will be announced,  forecast  18.1B,  previous value 19.0B.

At 15:15 – housing starts will be released (Jan) in Canada, forecast 205.0K, previous value 213.4K.

At 15:30 – employment data in Canada will be released:
– Employment change (Jan), forecast 8.0K, previous value 9.3K.
– Unemployment rate (January), forecast 5.7%,  previous value 5.6%.

At 20:00 – the number of Baker Hughes oil rigs in the USA will be released,  previous value 847.

Hanzenko Anton