The main events of the day

On Wednesday, January 24, the day is full of data on business activity in the euro area and the United States. Also, the market will be focused on employment in the UK and inflation in New Zealand.

In addition to the planned news, the market continues to assess yesterday’s decline in the American currency across the entire spectrum of the market and possible prospects for correction of the positions on the euro before the publication of the European Central Bank’s protocol.

At 01:50 – data on the trade balance of Japan:
– Japan’s trade balance (seasonally adjusted), the forecast is 0.27T, the previous value is 0.36T.
– The volume of exports of Japan (y/y), the forecast is 10.1%, the previous value is 16.2%.
– Japan’s trade balance, the forecast is 530D, the previous value is 112D.

At 10:30 – release of data on business activity in Germany:
– Index of business activity in the manufacturing sector (PMI) of Germany, the forecast is 63.0, the previous value is 63.3.
– The index of business activity in the German services sector, the forecast is 55.6, the previous value is 55.8.

At 11:00 – announcement of the business activity in the euro area:
– The index of business activity in the manufacturing sector (PMI) of the euro area, the forecast is 60.3, the previous value is 60.6.
– Composite index of business activity (PMI) from Markit in the euro area, the forecast is 57.9, the previous value is 58.1.
– The index of business activity in the service sector in the euro area, the forecast is 56.4, the previous value is 56.6.

At 11:30 – announcement of the data on employment in the UK:
– The average wage level (including premiums) in the UK, the forecast is 2.5%, the previous value is 2.5%.
– Change in the number of applications for unemployment benefits in the UK, the forecast is 5.4K, the previous value is 5.9K.
– The unemployment rate in the UK, the forecast is 4.3%, the previous value is 4.3%.

At 16:45 – a block of data on business activity in the US:
– The US PMI, the forecast is 55.0, the previous value is 55.1.
– Composite index of business activity (PMI) in the USA from Markit, the previous value is 54.1.
– The index of business activity (PMI) in the US services sector, the forecast is 54.0, the previous value is 53.7.

At 17:00 – publication of data on housing in the US:
– Sales in the secondary housing market in the US, the forecast is 5.70M, the previous value is 5.81M.
– Sales in the secondary housing market in the US (m/m), the forecast is -2.2%, the previous value is 5.6%.

At 17:30 – data on oil reserves in the US:
– Crude oil reserves in the US, the forecast is -1.300M, the previous value is -6.861M.
– Data on surplus oil reserves in Cushing (Oklahoma, USA), the previous value is -4.184M.

At 23:45 – announcement of the data on inflation in New Zealand:
– Consumer Price Index (CPI) in New Zealand (q/q), the forecast is 0.4%, the previous value is 0.5%.
– Consumer Price Index (CPI) in New Zealand (y/y), the forecast is 1.9%, the previous value is 1.9%.

Hanzenko Anton