Economic Calendar January 21

Currency: JPY

Volatility: High

Bank of Japan Monetary Policy Report

Currency: JPY

Volatility: High

Bank of Japan Press Conference

The Bank of Japan will hold a press conference, which is the preferred form of communication with investors. Topics at such conferences typically include economic outlook, inflation, and changes in interest rates.

Currency: JPY

Volatility: High 

Bank of Japan Economic Outlook (YoY)

Currency: EUR

Volatility: High

ECB press conference

The European Central Bank is holding a monthly press conference after the announcement of the minimum rate. The conference lasts about an hour and consists of 2 parts: First - a prepared statement is read out, and then the conference and answers to press questions. Questions often provoke answers that entail market volatility.

The press conference is broadcast on the ECB website and is the main method of communication between the ECB and investors. Provides the most important information about the factors affecting the interest rate, as well as the economy as a whole.

If the statements are louder than expected, that is good for the euro.

Currency: EUR

Volatility: High

Interest Rate Decision (Jan)

Statement of the ECB's interest rate on short-term interest rates. The decision on which to set interest rates depends mainly on the outlook for growth and inflation. The main goal of the central bank is to achieve price stability. High interest rates attract foreigners who are looking for the best option for "risk-free" income with their money, which can dramatically increase the demand for the country's currency.

Above-expected readings are seen as positive / bullish for the EUR, while below-expected readings indicate a negative / bearish market for the EUR. 

Currency: EUR

Volatility: High

Deposit funds rate (Jan)

Fact - 0.50% Pre - 0.50%

The rate of lending on margin at which the Eurosystem grants overnight loans to banks. It is one of the main interest rates in the euro area, set by the Governing Council of the ECB.

Currency: USD

Volatility: High

Philadelphia Fed Manufacturing Index (Jan)

Fact - *. Forecast - 12.0

Prev - 9.1

The Philadelphia Fed Manufacturing Index measures the economic health of the manufacturing sector in the Philadelphia area. Above 0 indicates improving conditions in the manufacturing sector, while below 0 indicates worsening conditions.

The data comes from a survey of about 250 manufacturers in the Federal District of Philadelphia.

He may be of some help in forecasting US ISM.

Indicators higher than expected are seen as positive / bullish for the USD, while indicators below expected indicate negative / bearish market for USD.

Currency: USD

Volatility: Moderate

American Petroleum Institute (API) Weekly Crude Oil Stocks

Actual - 2,562 M Forecast- (-0,300M)

Prev - (- 5,821M)

The American Petroleum Institute publishes weekly data every Tuesday after 4 pm reporting on crude oil, gasoline and distillate inventories. The figures show how much oil and petroleum products are in storage and how much supplies will last. Also, the data represents the demand for oil by product and region of the United States, as well as monitoring the production of crude oil and imports of oil and oil products.

Currency: USD

Volatility: High

 Number of initial applications for unemployment benefits

Fact -. * Forecast - 910K

Prev - 965K

Unemployment Claims determines the number of people who applied for unemployment benefits for the first time during the past week. This data is collected by the Department of Labor and published in a weekly report.

The number of applications for benefits is used to measure the state of the labor market, as an increase means fewer people are hiring.

The weekly data is quite volatile.

Typically, a change of at least 35,000 signals a significant change in job growth.

Readings above expected are seen as negative / bearish for the USD, while readings below expected indicate positive / bullish direction for the USD.

 

* - news is expected to be released

 

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