The Week Ahead: 24th – 28th January 2022

Overview for the Week Ahead

The main event of the week for the US, is the FED monetary policy decision and press conference. While the rate statement will influence, the press conference will likely be the key driver.

We await any new clues on how much the central bank will raise interest rates this year and when it will start. Economists expect the Fed to steer markets to a quarter-percentage-point March rate hike.

There is also an avalanche of major earnings reports expected, including nearly half the Dow 30′s blue chips, such as 3M, IBM, Intel, Caterpillar and American Express. The two biggest stocks in terms of market capitalization, Microsoft and Apple, report Tuesday and Thursday respectively. Tesla reports Wednesday.

The economy will also be a focus with a first look at fourth-quarter GDP on Thursday, and Friday’s personal consumption expenditures data, which includes the Fed’s preferred inflation measure.

Stocks could be in for more volatile trading, after a wild week of seesaw action resulted in steep declines in major indexes. The weakest major sectors for the week were consumer discretionary, off 8.5%, followed by communication services and technology, both lower by about 7%.

European stocks are expected to open lower on Monday as investors brace themselves for the next meeting of the U.S. Federal Reserve this coming week and watch for developments in Ukraine as tensions with Russia grow.

This Week’s High Impact Events

The times below are GMT +2.

Monday 24th January

  • 10.30 – 11.30 – EUR – Flash Manufacturing & Flash Services PMI

Potential instruments to Trade: EUR Crosses. 

  • 16.45 – US – Flash Manufacturing & Flash Services PMI

Potential instruments to Trade: USD Crosses. 

Tuesday 25th January

  • 02.30 – Australia – CPI q/q & Trimmed Mean CPI q/q

Potential instruments to Trade: AUD Crosses. 

Wednesday 26th January

  • 17.00 – Canada – BOC Monetary Policy Report, BOC Rate Statement, & Overnight Rate

Potential instruments to Trade: CAD Crosses. 

  • 18.00 – Canada – BOC Press Conference

Potential instruments to Trade: CAD Crosses. 

  • 21.00 – US – FOMC Statement, & Federal Funds Rate

Potential instruments to Trade: USD Crosses. 

  • 21.30 – US – FOMC Press Conference

Potential instruments to Trade: USD Crosses. 

  • 23.45 – New Zealand – CPI q/q

Potential instruments to Trade: NZD Crosses. 

Thursday 27th January

  • 15.30 – US – Advance GDP q/q

Potential instruments to Trade: USD Crosses. 

Friday 28th January

  • 15.30 – US – Core PCE Price Index m/m

Potential instruments to Trade: USD Crosses. 

If you have any questions, please email our Education Centre.

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

We are Errante. Trading made personal.

Errante is the trading name used by Notely Trading Ltd, an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number [383/20]. Errante is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.

To find out more about Errante, visit https://errante.eu.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.50% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our Risk Disclosure.

Get started for free

Create Account
×

Search