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Market Opportunities : Week 23-01-2023 - 27-01-2023
EURUSD: S&P Global’s flash Manufacturing PMI report for Germany is an important event in the January 23-27 week. In case the data on January 24 show German manufacturing sector contraction accelerate more than expected in January after a weak December report - the EURUSD will come under bearish pressure.
USDIDX: United State’s gross domestic product report for the fourth quarter of 2022 is an important event for forex markets due January 26. There is a possibility the advance GDP report may indicate stronger growth than the forecast 2.7% over quarter which will be bullish for USDIDX.
USDIDX: United State’s gross domestic product report for the fourth quarter of 2022 is an important event for forex markets due January 26. There is a possibility the advance GDP report may indicate stronger growth than the forecast 2.7% over quarter which will be bullish for USDIDX.
Key Events to Watch
| Date | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 2023-01-25 | EUR | Ifo Germany Business Climate | 87.3 | 88.6 |
| 2023-01-25 | CAD | Bank of Canada (BoC) Interest Rate Decision | 4.25% | |
| 2023-01-25 | USD | EIA United States Crude Oil Stocks Change | ||
| 2023-01-25 | CAD | Bank of Canada (BoC) Monetary Policy Report Press Conference | ||
| 2023-01-26 | KRW | South Korea Gross Domestic Product (GDP) q/q | 0.5% | 0.3% |
| 2023-01-26 | ZAR | South African Reserve Bank Interest Rate Decision | 7.00% | |
| 2023-01-26 | USD | United States Gross Domestic Product (GDP) q/q | 3.1% | 3.2% |
| 2023-01-26 | USD | United States Core Durable Goods Orders m/m | 0.0% | 0.2% |
| 2023-01-26 | USD | United States New Home Sales | 0.633 M | 0.640 M |
| 2023-01-27 | USD | United States Pending Home Sales m/m | -0.4% | -4.0% |
