{"id":40063,"date":"2014-02-09T14:10:31","date_gmt":"2014-02-09T19:10:31","guid":{"rendered":"http:\/\/countingpips.com\/?p=40063"},"modified":"2014-02-10T00:31:25","modified_gmt":"2014-02-10T05:31:25","slug":"forex-fundamental-recap-outlook-speeches-chinese-data-eurozone-gdp-australian-employment-data-highlight-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2014\/02\/09\/forex-fundamental-recap-outlook-speeches-chinese-data-eurozone-gdp-australian-employment-data-highlight-week\/","title":{"rendered":"Forex Fundamental Outlook: Speeches, Chinese data, Eurozone GDP &#038; Aussie Jobs data"},"content":{"rendered":"<div><strong>By CountingPips.com<\/strong><\/div>\n<div><\/div>\n<div>Here is a quick rundown of last week&#8217;s happenings and the outlook for major economic releases this week.<\/div>\n<div><\/div>\n<div><strong>Last Week&#8217;s Economic Recap &amp; Notable Data Points:<\/strong><\/div>\n<p>Last week, we saw the US government jobs report disappoint the markets (for a second straight month) with just 113,000 jobs created in January compared to expectations of roughly 180,000 jobs to be created. Also out of the US, we saw ISM manufacturing data come in lower at a 51.3 reading compared to a forecast of 56.0 for the month of January.<\/p>\n<ul>\n<li>Australia&#8217;s interest rate decision and RBA statement that the bank was satisfied with the Australian dollar exchange rate helped boost the Aussie to new heights<\/li>\n<li>European Central Bank interest rate decision and statement disappointed market participants that were looking for policy action in response to low inflation (euro rallied)<\/li>\n<li>The Bank of England maintained their interest rate at 0.50% and left unchanged the quantitative easing schedule at 375 billion<\/li>\n<li>Canada&#8217;s employment in January surpassed the market expectations with a rise of 29.4K workers and the unemployment rate fell to 7.0%<\/li>\n<li>New Zealand&#8217;s unemployment rate fell to 6.0% for the fourth quarter and in line with expectations<\/li>\n<\/ul>\n<p><strong>This Week&#8217;s Outlook:<\/strong><\/p>\n<p>This week&#8217;s economic calendar for the Forex market is on the light side compared to last week&#8217;s full economic calendar. The top economic releases of the week could likely be speeches by the top central bank heads on their respective economies.<\/p>\n<p>Janet Yellen will provide testimony before Congress this week in her first public comments on monetary policy which will likely feature extensive testimony on the tapering of the stimulus program and the latest jobs report. The inflation report by the Bank of England Governor Mark Carney on Wednesday will be important for the direction of the British pound sterling and will shed light on possible future policy and the UK economic strength.<\/p>\n<p>In addition to the important testimony this week, we will see Chinese data in the form of new yuan loans on Monday, the trade balance numbers on Wednesday and the Chinese consumer price index on Friday. There will also be government employment data out of Australia on Thursday, the US retail sales data also on Thursday and the euro zone GDP report for the fourth quarter of 2013 is scheduled for release on Friday.<\/p>\n<p>This week&#8217;s major economic highlights:<\/p>\n<p><strong>Monday, February 10<\/strong><br \/>\nChina &#8212; new yuan loans<br \/>\nSwitzerland &#8212; unemployment rate data<br \/>\nCanada &#8212; housing starts<br \/>\neuro zone &#8212; investor confidence<\/p>\n<p><strong>Tuesday, February 11<\/strong><br \/>\nUnited States &#8212; Janet Yellen policy report<\/p>\n<p><strong>Wednesday, February 12<\/strong><br \/>\nChina &#8212; trade balance<br \/>\nUnited Kingdom &#8212; bank of England inflation report<br \/>\nSwitzerland &#8212; consumer price index<\/p>\n<p><strong>Thursday, February 13<\/strong><br \/>\nAustralia &#8212; employment data\/unemployment rate<br \/>\nUnited States &#8212; advance retail sales<br \/>\nUnited States &#8212; weekly jobless claims<\/p>\n<p><strong>Friday, February 14<\/strong><br \/>\nChina &#8212; consumer price index<br \/>\neuro zone &#8212; euro zone GDP<br \/>\neuro zone &#8212; France GDP report<br \/>\neuro zone &#8212; Germany GDP report<br \/>\nUnited States &#8212; University of Michigan confidence survey<\/p>\n<p>Please see our <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/economic-calendar\/\" target=\"_self\" data-cke-saved-href=\"http:\/\/countingpips.com\/economic-calendar\/\">full calendar<\/a><\/span> for a complete listing of economic events.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CountingPips.com Here is a quick rundown of last week&#8217;s happenings and the outlook for major economic releases this week. Last Week&#8217;s Economic Recap &amp; Notable Data Points: Last week, we saw the US government jobs report disappoint the markets (for a second straight month) with just 113,000 jobs created in January compared to expectations &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2014\/02\/09\/forex-fundamental-recap-outlook-speeches-chinese-data-eurozone-gdp-australian-employment-data-highlight-week\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex Fundamental Outlook: Speeches, Chinese data, Eurozone GDP &#038; Aussie Jobs data&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-40063","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/40063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=40063"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/40063\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=40063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=40063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=40063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}