Skip to content


Economic calendar: Calm Monday ahead of interesting week


  • Final inflation from EMU in the spotlight for today
  • ECB is expected to be the biggest event this week
  • Earnings season on Wall Street gathers pace

Although, we do not have many noteworthy macroeconomic releases scheduled for Monday, things are going to change later in the week. When it comes to the data for today there are two quite interesting readings which could be crucial for the EURUSD just ahead of the ECB’s meeting which takes place on Thursday.

10:00 pm BST - final HICP from EMU: Admittedly, there is a final print, hence an effect on the euro could be contained, inflation figures are always worth looking at, especially as we are just three days ahead of the ECB’s meeting on Thursday. With regard this event, there are expectations that the Governing Council could drop a phrase pertaining to a possibility of further extension of the bond buying program (APP). In turn, today’s consensus indicates an increase 1.3% yoy and 1.1% yoy in case of a core measure.

1:30 pm BST - NY Empire State Manufacturing Index: There is no doubt that the US dollar was decimated on Friday in the aftermath of a bunch of disappointing data with CPI and retail sales releases being the largest blow to the greenback. Taking into account that data from the US economy has been sub-par lately, each figure which would beat forecasts could help the US currency. A consensus suggests a reading at 15 whereas the prior one came in at 19.8.

Looking forward, there is a plethora of interesting events:

  • Tuesday: New Zealand’s CPI, minutes RBA and Riksbank, UK’s CPI
  • Wednesday: US housing data,
  • Thursday: Australia jobs report, UK’s retail sales, ECB’s meeting
  • Friday: Canadian retail sales as well as CPI

link do file download linkThe USDJPY is approaching an important resistance area which was broken on Friday following lackluster US data. Source: xStation5


This article is provided for general information purposes only. Any opinions, analyses, prices or other content is provided for educational purposes and does not constitute investment advice or a recommendation. Any research has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Any information provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it.

Past performance is not necessarily indicative of future results, and any person acting on this information does so entirely at their own risk, we do not accept liability for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.