Forex News – Most important news this week 23 – 27 January

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By the historic weekend with Donald Trump was sworn as the 45th president of the United States, investors are preparing themselves to go back to the forex news and watch data to be released, as they seeking for fresh indicators that may offer insight for an economic recovery; focusing on the US data to be released on Friday.

Meanwhile, UK market participants will pay close attention to estimates of UK 4Q GDP searching for more signs of ongoing effect of Brexit on the economy.

In the Euro Zone, traders are waiting for the data of Flash Manufacturing PMI which survey commercial activities in Euro Zone, seeking for new clues over the health of Manufacturing production and services sector within the Zone.

Elsewhere, Japanese inflation figures will be also focused, as investors will assess whether the third largest economy in the world needs more stimulation.

In emerging markets, traders will closely watch the Turkish Central Bank’s decision on the main interest rate which is due on the upcoming Tuesday.

Before the next week reports are issued, Investing.com collected a list of the most important events in the economic calendar, which may be more influential in markets.

Forex News - January 23 - 27 2017

  1. US Growth Data of Q4

In forex news also , US will release the initial figures of economic growth of Q4 at 08:30 EST on Friday. It is expected that data shows proper annual economic growth of 2.2% within the final three months of 2016 dropping than the third quarter growth of 3.5%.

In addition to the GDP Report, other data are due to be published on Friday, data of existing home sales, initial jobless claims, new house sales, durable goods demand, and Consumer Confidence Average Index.

  1. Data of UK GDP of Q4

Most important Forex news ; the National Statistics Office will publish the initial figures of economic growth of Q 4 at 9:30 EST on Thursday.

It is predicted that the report shows economic growth of 0.5% in Q 4 from September to December after increase of 0.6% in the previous quarter, confirming that the British economy is still strong.

It is also expected that the annual growth increases by 2.1% in Q 4, slightly dropping from 2.2% of the previous three quarter.

In addition, the UK Supreme Court’s ruling on the Government’s ability to trigger Article 50 without seeking parliamentary approval to be issued on Tuesday; at 09:30 EST will be also a focus of attention.

  1. Euro Zone Flash Manufacturing PMI (January)

From forex news ; Euro Zone will release initial data about Purchasing Managers Index and Service Sector Indicator of January at 9:00 EST, on Tuesday while there are expectations of a slight decrease.

In France, a report on French Purchasing Managers Index and German Purchasing Managers Index will be released at 8:00 and 8:30.

Additionally, market players look out for the report on German Companies Confidence Index to be issued on Wednesday for measuring the morale in the largest economy in Euro Zone.

  1. Japanese Inflation Figures of December

Japanese Statistics Bureau will issue a report on the inflation figures in December, at 18:30 EST while analysts expect that the main reading remains negative, dropping 0.4% on year to year for 13 months in a row.

The Country seeks to reach the targeted consumer price which is lower than or close to 2% and keeps pushing on Bank of Japan to apply a strong monetary stimulus program within its meeting to be held the upcoming week.

  1. Turkish Central Bank’s Decision

Market players are closely focusing on the minutes of the Turkish Central Bank’s meeting to be issued at 12:00 EST next Tuesday.

Investors expect that Turkish Central Bank may raise the interest rate by 50 pips reaching 8.5% after the recent attempts to protect Turkish lira against dollar, as conducted liquidity policy weren’t successful.

Lira dropped by 10% since the beginning of 2017 due to concerns about political and economic situation in Turkey as well as doubts whether the authorities will take strict moves to avert the ongoing economic crisis.

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Mohammed Abdelkhalik

Mohammed Abdelkhalik

Professional Trader and Analyst at TradingBroker.co.uk
Professional Trader and Analyst, economist in Financial and Forex market  since 2004.holds an MBA from the American University in Egypt. Mohammed works as an economic writer and technical & fundamental analyst for many international Forex & Binary Options trading companies in both English and Arabic on a daily basis.
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