Currency Thoughts: Post G-7 Weekly Preview - Feb 8 10 9:08 EST
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Currency Thoughts:
Post G-7
This week the Bank of England releases a quarterly inflation report, which will include latest growth and price projections, says Larry Greenberg of CurrencyThoughts.com. Catch Larry, and TheLFB trade team on ForexTV Live.
Central banks meeting in Sweden, Korea, and Chile are not likely to change interest rates. The Bank of England releases a quarterly inflation report, which will include latest growth and price projections. Japanese markets are closed next Thursday for Foundation Day, and the U.S. Treasury market will observe an early closure on Friday ahead of the three-day President’s Day Holiday weekend.
The most significant data releases will be U.S. retail sales, Japanese machinery orders, Australian labor statistics, and fourth-quarter GDP for the euro area, Germany, France, Italy, Spain, the euro area as a whole, and several east and central European nations.
Besides retail sales, the U.S. will be releasing wholesale and business inventories, trade figures, the monthly budget deficit, the U. Michigan consumer sentiment index, the IBD/TIPP index of optimism, and a number of weekly data like jobless claims, chain store sales, and energy inventories.
Japan will also be reporting its current account, bank lending and money supply growth, machine tool orders, corporate goods prices, consumer confidence, and the economy watchers index.
Elsewhere in Asia, Chinese trades, consumer prices, producer prices and money and credit growth figures are due. So are Korean producer prices and unemployment and Malaysian and Taiwanese industrial production figures.
Another scheduled Euroland release is industrial production. Within the common currency area, France, Italy and Holland report industrial production, Germany announces the latest trade, CPI and WPI results. Spanish and Dutch CPI numbers will arrive as well, and so will the French current account. Full Article...
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