US Fed Chair Janet Yellen’s term ends next year and president Trump did
not reappoint her but appointed Jerome Powell in her place. This week Fed Chair
Designate Powell will testify on his nomination before the Senate
Banking Committee in Washington DC and that is bound to have a significant effect on the market. Apart
from that here are the other scheduled events that we should be aware of while
we trade:
On Monday
there are no big events, but on Tuesday will be announced the British Bank
Stress Test results and BoE Governor Mark Carney will hold a press conference,
then will be announced the US Consumer Confidence CB. Jerome Powell will
testify before the US Senate Banking Committee and after him the US Treasury Secretary Steven Mnuchin will speak at the annual
conference on the evolving structure of the US treasury market.
On
Wednesday we can expect an entire day of OPEC meetings, the announcement of the
US Preliminary
GDP q/q, speeches by the BoE Governor Carney, the US
Fed Chair Janet Yellen and then the US Crude Oil Inventories will be announced.
On Thursday we can expect the European CPI
Flash Estimate y/y and the US Unemployment Claims.
On Friday will be announced the British Manufacturing
PMI and the US ISM Manufacturing PMI.
Always useful to know what economic data will have impact on the week.
ReplyDeleteThat's good to know, thanks.
ReplyDeleteBusy and interesting week ahead.
ReplyDeleteGood post!
ReplyDeleteGood insight.
ReplyDeleteGood post. Very helpful.
ReplyDeleteVery useful information! Thanks.
ReplyDeleteThat's useful.
ReplyDelete