You're watching the Support and Resistance Level Report for Thursday. Here's how our in-house model tests out. First up is the Euro/Dollar, which has the…
Wednesday, the 15th of February, is a busy day, so let’s take a closer look with the Economic Calendar.
UK Labour Report for January is up first at 9:30 AM. The unemployment rate has stood at the same low level for the past 3 months, although it has had little effect on monetary policy.
Euro Zone Trade Balance for December follows at 10. Trade surplus widened in November as exports grew faster than imports.
Two highly anticipated news releases regarding the US economy in January are out at 1:30 PM GMT, including the Consumer Price Index. The annual inflation jumped by point 4% in December, rising above 2% for the first time in more than 2 years.
Preliminary Retail Sales are out at the same time. Sales grew more than expected in November on the back of a strong growth in car retail.
And Canadian Manufacturing Sales for December will be available at the same time. Sales rebounded in November, fully reversing a point 6% slip the previous month.
US Industrial Production for January comes at 2:15. Output returned to growth in December, posting the strongest gain in two years.
Federal Reserve Chair Janet Yellen will be giving a closely watched speech at 3. It will be her second day of testifiying on the Semiannual Monetary Policy Report before the House Financial Services Committee in Washington DC.
US NAHB Housing Market Index for February comes at the same time. The Index eased in January, but it remains near the 10-year high reached the previous month.
And US Business Inventories for December are out at this time as well. Inventories grew more than expected in November, reversing a point 1% decline the previous month.
Australian Consumer Inflation Expectations for February are released at midnight. The anticipated annual inflation rate soared to a 2-year high in January.
And Australian Labour Report for January concludes the schedule at half past midnight. It is a high importance release for the Aussie Dollar traders, and the previous report was a bit of a mixed bag as both employment and unemployment went up.
This was the Economic Calendar for Wednesday with me, Kiays Khalil. Check back in for the next overview of news releases for Thursday. Goodbye.
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