Fed Chairman Jerome Powell will deliver his first monetary policy press conference on this Wednesday and it’s also a market holiday in Japan, so let’s find out more. A couple of UK reports open this agenda at 9:30 in the morning and the high importance Unemployment Report for January is one of them. Jobless rate edged slightly up in December, but at 4.4% it was below the 4.8% from a year earlier. Public Sector Finances for February is the other item out at this time. Public sector net borrowing, excluding public sector banks was in surplus by 10 billion in January, which is 1.6 billion less of a surplus than a year ago. US Current Account data for fourth quarter is up next at a half past noon GMT. Deficit plummeted by almost 20% in the third quarter to 100.6 billion US Dollars. US Existing Home Sales for February will be available at 2 PM. Sales slumped for the second consecutive month in January and experienced their largest decline on an annual basis in over three years, according to the National Association of Realtors. Then we have the high importance US FOMC Monetary Policy Statement at 6 PM GMT, followed by Jerome Powell’s first press conference at 6:30 PM GMT. Then there’s another high importance Official Cash Rate Announcement by the Reserve Bank of New Zealand at 8 PM. Previously the Reserve Bank left the Official Cash Rate unchanged at 1.75%, where it has been throughout last year. And a potential Ozzy Dollar shaker – Australian Labour Force Survey for February wraps up this agenda at a half past midnight. Employment increased 16 thousand in January and unemployment rate slipped to 5.5%. I’m Kiays Khalil you’ve been watching the Dukascopy Economic Calendar for Wednesday.
Fed Chairman Jerome Powell will deliver his first monetary policy press conference on this Wednesday and it’s also a market holiday in Japan, so let’s find out more.
A couple of UK reports open this agenda at 9:30 in the morning and the high importance Unemployment Report for January is one of them. Jobless rate edged slightly up in December, but at 4.4% it was below the 4.8% from a year earlier.
Public Sector Finances for February is the other item out at this time. Public sector net borrowing, excluding public sector banks was in surplus by 10 billion in January, which is 1.6 billion less of a surplus than a year ago.
US Current Account data for fourth quarter is up next at a half past noon GMT. Deficit plummeted by almost 20% in the third quarter to 100.6 billion US Dollars.
US Existing Home Sales for February will be available at 2 PM. Sales slumped for the second consecutive month in January and experienced their largest decline on an annual basis in over three years, according to the National Association of Realtors.
Then we have the high importance US FOMC Monetary Policy Statement at 6 PM GMT, followed by Jerome Powell’s first press conference at 6:30 PM GMT.
Then there’s another high importance Official Cash Rate Announcement by the Reserve Bank of New Zealand at 8 PM. Previously the Reserve Bank left the Official Cash Rate unchanged at 1.75%, where it has been throughout last year.
And a potential Ozzy Dollar shaker – Australian Labour Force Survey for February wraps up this agenda at a half past midnight. Employment increased 16 thousand in January and unemployment rate slipped to 5.5%.
I’m Kiays Khalil you’ve been watching the Dukascopy Economic Calendar for Wednesday.
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