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• The Week Ahead: 6th – 10th February 2023

The Week Ahead: 6th – 10th February 2023

Overview for the Week Ahead

Another busy week for investors is almost upon us with some major names reporting earnings, the State of the Union address and a speech from Federal Reserve Chairman Jerome Powell on Tuesday leading the docket.

The latest US jobs report showed the opposite of what many investors and economists had expected: Instead of an economy heading toward a recession, the job market carried on at a confoundingly strong pace.

Payroll numbers for January showed the economy adding 517,000 new jobs, an increase that was well above economists’ forecasts. Meanwhile, the unemployment rate clocked in at its lowest level in over 50 years. Wages rose slightly, hand in hand with a growing labor supply that cooled any wage pressures. The month’s report came with revisions to the past two years’ data, adding to the complicated, surprising picture.

Bitcoin dipped below $23K earlier in the weekend and flattened on Sunday as investors await the next utterances from Federal Reserve Chairman Jerome Powell.

Have your trading charts ready!

This Week’s High Impact Events

The times below are GMT +2.

Monday 6^th February

• 17.00 – Canada – Ivey PMI

Potential instruments to Trade: CAD Crosses. 

Tuesday 7^th February

• 05.30 – Australia – Cash Rate & RBA Rate Statement

Potential instruments to Trade: AUD Crosses. 

• 19.00 – US – Fed Chair Powell Speaks

Potential instruments to Trade: USD Crosses. 

• 19.30 – Canada – BoC Gov Macklem Speaks

Potential instruments to Trade: CAD Crosses. 

Wednesday 8^th February

• 16.15 – US – FOMC Member Williams Speaks

Potential instruments to Trade: EUR Crosses. 

• 20.01 – US – 10-Year Bond Auction

Potential instruments to Trade: USD Crosses. 

• 20.45 – US – FOMC Member Waller Speaks

Potential instruments to Trade: USD Crosses. 

Thursday 9^th February

• 11.45 – UK – Monetary Policy Report Hearings

Potential instruments to Trade: GBP Crosses. 

• 12.00 – Europe – EU Economic Forecasts

Potential instruments to Trade: EUR Crosses. 

• 15.30 – US – Unemployment Claims

Potential instruments to Trade: EUR Crosses. 

Friday 10^th February

• 02.30 – Australia – RBA Monetary Policy Statement

Potential instruments to Trade: AUD Crosses. 

• 09.00 – UK – GDP m/m

Potential instruments to Trade: GBP Crosses. 

• 15.30 – Canada – Employment Change & Unemployment Rate

Potential instruments to Trade: CAD Crosses. 

• 17.00 – US – Prelim UoM Consumer Sentiment & Prelim UoM Inflation Expectations

Potential instruments to Trade: USD Crosses. 

• 19.30 – US – FOMC Member Waller Speaks

Potential instruments to Trade: USD Crosses. 

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].

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