This week’s events will mostly be centered around key countries in the European Union and the United States. Please read on below for more details:
Event: Gross Domestic Product (QoQ/YoY, Q4) – United Kingdom
Date: January 28, 2014
Time: 9:30am (GMT)
What It Is About and Why It’s Important
The UK’s current GDP is at 1.9% on a 12-month period, while it is at 0.8% in Q3 2013. Expect some volatility in the GBP around the time of this report.
Event: Durable Goods Orders (Dec) – United States
Date: January 28, 2014
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
Durable Goods Orders in December is expected to be slightly lower at 1.5% compared to the previous month’s 3.5%.
Event: Fed Interest Rate Decision – United States
Date: January 29, 2014
Time: 7:00pm (GMT)
What It Is About and Why It’s Important
While the Fed isn’t expected to make any changes in the interest rate yet (currently at 0.25%), expect some volatility around the time of this report since they will also talk about their QE program, which began tapering last month.
Event: RBNZ Interest Rate Decision – New Zealand
Date: January 29, 2014
Time: 8:00pm (GMT)
What It Is About and Why It’s Important
An hour after the Fed’s interest rate decision report, the Reserve Bank of New Zealand will also release its own interest rate decision. No change is expected in the rate however, which is currently at 2.5%.
Event: Employment Data – Germany
Date: January 30, 2014
Time: 8:55am (GMT)
What It Is About and Why It’s Important
Germany is set to release its employment data for January, particularly its unemployment change (previously -15K, expected at -5K in Jan) and unemployment rate (expected to remain at 6.9%).
Event: CPI/Harmonised CPI (MoM/YoY, Jan) – Germany
Date: January 30, 2014
Time: 1:00pm (GMT)
What It Is About and Why It’s Important
Germany’s CPI data is expected to be a mixed bag with its 12-month CPI slightly higher at 1.5% versus the previous 1.4%, while the monthly figure is expected to contract by 0.4% compared to a previous growth of 0.4%. The Harmonised CPI also has the same outlook as it’s expected to contract by 0.5% on a MoM basis versus the previous growth of 0.5%. The YoY figure is seen to grow by 1.4% compared to the previous growth of 1.2%.
Event: GDP Price Index/GDP Annualised (Q4) – United States
Date: January 30, 2014
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
US GDP data is expected to grow in Q4, but at a slightly lower pace than the previous quarter. GDP Price Index is seen at 1.4% (previous at 2.0%), while the Annualised GDP is seen to grow by 3.3% (previous at 4.1%).
Event: Personal Consumption Expenditures (QoQ, Q4) – United States
Date: January 30, 2014
Time: 1:30pm (GMT)
What It Is About and Why It’s Important
Aside from its CPI data, the US will also release its Personal Consumption Expenditures (PCE) data, with PCE prices seen to be at 1.7% in Q4 (Q3 at 1.9%), while the Core PCE is expected to be at 1.5% in Q4 (Q3 at 1.4%).
Event: National CPI (YoY, Dec) – Japan
Date: January 30, 2014
Time: 11:30pm (GMT)
What It Is About and Why It’s Important
Japan will release its National CPI data on Friday, local time. Current National CPI is at 1.5%.
Event: CPI/Core CPI (YoY, Jan) – European Union
Date: January 31, 2014
Time: 10:00am (GMT)
What It Is About and Why It’s Important
The EU will wrap up the week of reports with its CPI data. Core CPI is currently at 0.7%, while CPI is at 0.8% (expected to be at 0.9% in January).
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