­Important Events This Week February 24-28 2014

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This week’s events will be focused mostly on Europe, as Germany and the rest of the European Union release their respective economic data. We’ll provide you with more details in the list below:

Event: CPI/CPI Core (MoM/YoY, Jan) – European Union

Date: February 24, 2014

Time: 10:00am (GMT)

What It Is About and Why It’s Important

The EU’s CPI figures have been on the positive the previous month, a trend that is expected to continue in January, at least in the medium term. Its CPI for the past 12 months is expected to jump by 0.7%, while a contraction by 0.4% is expected compared to the previous month.

Event: GDP (QoQ/YoY, Q4) – Germany

Date: February 25, 2014

Time: 7:00am (GMT)

What It Is About and Why It’s Important

A modest growth in Germany’s GDP is expected in Q4, with an increase by 0.4% seen compared to the previous month, while a 1.3% growth is expected over the past 12 months.

Event: GDP (QoQ/YoY, Q4) – United Kingdom

Date: February 26, 2014

Time: 9:30am (GMT)

What It Is About and Why It’s Important

Like Germany’s GDP, modest growth is expected from the UK when it releases its data on Wednesday. A 0.7% growth is seen compared to the previous quarter, while a 2.8% growth is seen over the past 12 months.

Event: GDP (QoQ/YoY, Q4) – Switzerland

Date: February 27, 2014

Time: 6:45am (GMT)

What It Is About and Why It’s Important

Switzerland will release its GDP data on Thursday, where a 2.0% growth is expected in the past 12 months, while a 0.4% growth is seen on a QoQ basis.

Event: Unemployment Rate/Change (Feb) – Germany

Date: February 27, 2014

Time: 8:55am (GMT)

What It Is About and Why It’s Important

Germany’s unemployment rate is expected to remain at 6.8% in February, but its unemployment change is expected to be at -13K.

Event: Durable Goods Orders/Ex Transportation (Jan) – United States

Date: February 27, 2014

Time: 1:30pm (GMT)

What It Is About and Why It’s Important

Overall Durable Goods Orders for the US in January is expected to contract by 0.5%. On a positive note, however, a growth by 0.2% is expected when Transportation is excluded.

Event: National CPI – Japan

Date: February 27, 2014

Time: 11:30pm (GMT)

What It Is About and Why It’s Important

Japan will release a number of CPI-related data in the early morning of Friday, local time. Its current National CPI is at 1.6% over the past 12 months.

Event: CPI/CPI-Core (YoY, Feb) – European Union

Date: February 28, 2014

Time: 10:00am (GMT)

What It Is About and Why It’s Important

The EU will release its CPI and CPI Core data for February on Friday. Current CPI Core is at 0.8%.

Event: GDP Annualised/GDP Price Index (Q4) – United States

Date: February 28, 2014

Time: 1:30pm (GMT)

What It Is About and Why It’s Important

The Annualised US GDP is expected to grow by 2.7%, slightly lower than the previous quarter’s 3.2%. Meanwhile, its GDP Price Index for Q4, is expected to grow by 1.3%, lower than the previous quarter’s 2.0%.

Event: Personal Consumption Expenditures Prices/Core Personal Consumption Expenditures (QoQ, Q4) – United States

Date: February 28, 2014

Time: 1:30pm (GMT)

What It Is About and Why It’s Important

Q4 Personal Consumption Expenditures (PCE) in the US is expected to remain on an uptrend, although on a slightly lower pace than the previous quarter. PCE Prices is seen to grow by 0.7% in Q4 vs the previous quarter (previously at 1.9%), while Core PCE is seen to grow by 1.1% during the same period (previously at 1.4%).

By FX Strategy Team, Published on 24th of February 2014
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