Start of the previous week was very nervous. The fact of lifted sanctions from Iran threatened to push price for oil down to 15 dollars per barrel. Problems in China economics pulled sentiments and the markets in USA and Europe down. And this way it went till Wednesday. But on Thursday prices for oil have gone up and optimistic mood returned on the markets.
Below is the list of the events that will affect the markets on the coming week:
(All times are GMT)
On Monday, at 9:00am Ifo Institute for Economic Research will provide information about German business sentiment.
At 6:00pm ECB President Mario Draghi speaks at the Deutsche Borse New Year’s reception, in Frankfurt.
On Tuesday, at 10:45am Bank of England Governor Mark Carney will testify in London on the Financial Stability Report before the Treasury Select Committee.
At 3:00pm the Conference Board Inc. will release CB Consumer Confidence index.
On Wednesday, at 12:30am we will get Consumer Price Index (CPI) from Australian Bureau of Statistics.
At 3:30pm Energy Information Administration will publish Crude Oil Inventories. Market volatility and exchange rates for many currencies depend on oil prices. So, many traders follow these data in the last time.
At 7:00pm FOMC Statement and Federal Funds Rate will be published by US Federal Open Market Committee.
Later, at 8:00pm Official Cash Rate and Reserve Bank of New Zealand Rate Statement will be announced.
At 9:45 Statistics New Zealand will release Trade Balance data.
On Thursday, at 9:30am UK Office for National Statistics will announce quarterly Prelim GDP data.
At 1:30pm statistical data from USA will arrive: Advance GDP from Bureau of Economic Analysis and Unemployment Claims from Department of Labor.
On Friday, at 5:00am Bank of Japan (BOJ) will provide Outlook Report with insight into the bank’s view of economic conditions and inflation.
At 1:30pm monthly GDP will be published by Statistics Canada.
Same time, at 1:30pm US Bureau of Economic Analysis will inform us about estimation of GDP data or Advance GDP.