The main events of the day

Wednesday, January 31, is full of statistical data. It is worth noting the data on inflation in the euro area and the publication of the results of the meeting of the US Federal Reserve. Also, the day is full of data on other countries, which can cause the growth of volatility in the market.

At 01:50 – the volume of industrial production in Japan (m/m), the forecast is 1.5%, the previous value is 0.5%.

At 02:30 – data on inflation in Australia:
– Consumer Price Index (CPI) in Australia (q/q), the forecast is 0.7%, the previous value is 0.6%.
– Consumer Price Index (CPI) in Australia (y/y), the forecast is 2.0%, the previous value is 1.8%.
– Private sector lending in Australia (m/m), the forecast is 0.5%, the previous value is 0.5%.
– The average consumer price index (CPI) of Australia (q/q), the forecast is 0.5%, the previous value is 0.4%.

At 03:00 – data on China’s business activity:
– Index of business activity in the manufacturing sector (PMI) of China, the forecast is 51.5, the previous value is 51.6.
– The index of business activity in the non-manufacturing sector of China, the forecast is 55.0, the previous value is 55.0.

At 03:30 – a speech of a member of the Board of the Bank of Japan Iwata.

At 04:00 – a speech of the US President Trump.

At 09:00 – the volume of retail sales in Germany (m/m), the forecast is -0.4%, the previous value is 2.3%.

At 10:55 –  the unemployment rate in Germany, the forecast is 5.5%, the previous value is 5.5%.

At 11:00 – announcement of the change in the number of unemployed in Germany, the forecast is -17K, the previous value is -29K.

At 12:00 – data on inflation in the euro area:
– Basic consumer price index (CPI) in the euro area (y/y), the forecast is 1.0%, the previous value is 0.9%.
– Consumer price index (CPI) in the euro area (y/y), the forecast is 1.3%, the previous value is 1.4%.
– The unemployment rate in the euro area, the forecast is 8.7%, the previous value is 8.7%.

At 15:15 – change in the number of employed in the non-agricultural sector of the US from ADP, the forecast is 185K, the previous value is 250K.

At 15:30 – the labor cost index in the US (q/q), the forecast is 0.5%, the previous value is 0.7%.

Also, at 15:30 – data on Canada’s GDP:
– Canada’s GDP (m/m), the forecast is 0.4%, the previous value is 0.0%.
– Raw Materials Price Index (RMPI) in Canada (m/m), the forecast is -2.5%, the previous value is 5.5%.

At 17:00 – release of the index of unfinished sales in the US real estate market (m/m), the forecast is 0.4%, the previous value is 0.2%.

At 17:30 – announcement of the data on oil reserves in the US:
– Reserves of crude oil in the US, the forecast is 0.100M, the previous value is -1.071M.
– Data on excess oil reserves in Cushing (Oklahoma, USA), the previous value is -3,150M.

At 21:00 – the results of the meeting of the US Federal Reserve:
– Statement by the US Federal Open Market Committee.
– The decision on the interest rate of the US Federal Reserve, the forecast is 1.50%, the previous value is 1.50%.

Hanzenko Anton