On the previous week, EUR/USD rate reached 1.2000 for the first time since October. However, it was there for a short time only. NFP data moved it down again. The upcoming week will start more quietly due to Chinese New Year. But Wednesday and Thursday will return volatility on the markets, especially taking into account Janet Yellen’s speeches on these days.
(All times are GMT)
On Wednesday, at 9:30am Great Britain Office for National Statistics will announce monthly Manufacturing Production.
At 3:00pm Federal Reserve Chair Janet Yellen Testifies on the Semiannual Monetary Policy Report before the House Financial Services Committee, in Washington DC.
At 3:30pm US Energy Information Administration will publish information about Crude Oil Inventories.
On Thursday, at 1:30pm number of Unemployment Claims will be provided by US Department of Labor.
At 3:00pm Federal Reserve Chair Janet Yellen Testifies on the Semiannual Monetary Policy Report before the Senate Banking Committee, in Washington DC.
At 10:30pm Reserve Bank of Australia Governor Glenn Stevens speaks before the House Representatives’ Standing Committee on Economics, in Sydney.
On Friday, at 7:00am Destatis will release preliminary quarterly report of German GDP.
At 1:30pm monthly Retail Sales and Core Retail Sales will be published by US Census Bureau.
At the same time, at 1:30pm Producer Price Index (PPI Index) will be released by Bureau of Labor Statistics.
At 3:00pm University of Michigan (UoM) will inform us about results of Prelim UoM Consumer Sentiment based on survey of about 500 consumers.
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