Gross Domestic Product, Eurozone
WHEN:
31 January 2022
WHAT IT INFLUENCES:
EUR and its subsequent pairs
WHAT'S HAPPENING:
The Manufacturing Purchasing Managers Index (PMI) released by Markit economics, captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of the total GDP, the manufacturing PMI is an important indicator of business conditions and Germany's overall economic condition. Typically, a result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish.
RBA Interest Rate Decision, Australia
WHEN:
1 February 2022
WHAT IT INFLUENCES:
AUD and its subsequent pairs
WHAT'S HAPPENING:
The Reserve Bank of Australia announces the RBA Interest Rate Decision. If the RBA is hawkish about the inflationary outlook of the economy and rises the interest rates, then it is positive, or bullish, for the AUD. Likewise, if the RBA has a dovish view on the Australian economy and keeps the current interest rate, or cuts the interest rate, then it is seen as negative, or bearish.
BoE Interest Rate Decision, UK
WHEN:
3 Febuary 2022
WHAT IT INFLUENCES:
GBP and its subsequent pairs
WHAT'S HAPPENING:
BoE Interest Rate Decision is announced by the Bank of England. If the BoE is hawkish about the inflationary outlook of the economy and rises the interest rates, it is positive (bullish) for the GBP. Likewise, if the BoE has a dovish view on the UK economy and keeps the ongoing interest rate, or cuts the interest rate, then it is seen as negative (bearish) for the GBP.
ECB monetary policy statement and press conference, Eurozone
WHEN:
3 Febuary 2022
WHAT IT INFLUENCES:
EUR and its subsequent pairs
WHAT'S HAPPENING:
Following the ECB's economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered positive or bullish for the EUR, whereas his dovish outlook is negative or bearish.
Nonfarm Payrolls, USA
WHEN:
4 February 2022
WHAT IT INFLUENCES:
USD and its subsequent pairs
WHAT'S HAPPENING:
The Nonfarm payrolls released by the U.S. Department of Labor presents the number of people on the payrolls of all non-agricultural businesses. The monthly changes in payrolls can be excessively volatile. Generally speaking, a high reading is seen as positive, or bullish, for the USD, while a low reading is seen as negative, or bearish.
