• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing 4 economic events to move the FX market in the first week of January 2023
Investing

4 economic events to move the FX market in the first week of January 2023

by December 29, 2022
by December 29, 2022 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

This trading week is slow, given the end-of-the-year holidays and the lack of liquidity in the markets. But things are about to change drastically as soon as next week, as it is full of important economic events capable of triggering intense volatility.

Here are four events to mark in your calendar:

FOMC Meeting minutes

ISM Manufacturing and Services PMI

Euro area Core CPI Flash Estimate

Non-Farm Payrolls

FOMC Meeting Minutes

The next trading week really starts on Wednesday. Before Wednesday, most banks are closed, so it is only fair to assume that not much will happen in financial markets.

But starting with Wednesday, traders get busy. One of the main events of the next trading week is the FOMC Meeting Minutes.

The minutes reveal what the FOMC (Federal Open Market Committee) members discussed at the last FOMC meeting. More precisely, traders will find out more details regarding the Fed’s last hike in December.

The point in focus on Wednesday – what is the terminal rate that the FOMC members see for 2023?

ISM Manufacturing and Services PMI

The first week of any trading month has the ISM data from the United States. Both manufacturing and services PMIs are due, one on Wednesday, ahead of the FOMC Minutes, and one on Friday.

This time around, the PMIs are very important as they offer a clue about the state of the US economy. As explained in this article, most economists expect the US economy to enter a recession in the first half of the year, and the PMIs will tell investors if it has already begun.

Euro Area Core CPI Flash Estimate

Next Friday, euro traders are on guard. The Core CPI Flash Estimate y/y is due during the European session.

Given the previous print of 5% and the increasingly hawkish ECB, it is time to see if inflation has peaked in Europe or not.

Non-Farm Payrolls

Every first Friday of the month, the Non-Farm Payrolls data is released in the United States. It is one of the most critical pieces of economic data due to the ton of information that comes with it, such as the unemployment rate or the average hourly earnings.

To sum up, in only three days, the next trading week is poised to start with aggressive moves. As a result, FX traders should prepare for increased volatility.

The post 4 economic events to move the FX market in the first week of January 2023 appeared first on Invezz.

You Might Also Like
  • The 10 Best Options Trading Books
  • The Sell Put And Buy Call Strategy | A Synthetic Long Stock
  • Option Settlement: The Basics
  • Here’s why Apple stock will ‘significantly’ recover in 2023
Share
0
FacebookTwitterPinterestWhatsapp

previous post
3Commas admits to API keys leak after anon reveals database
next post
Spare a Thought for Bubble Wrap

You may also like

The Surprising Secret to Proper Portfolio Diversification Revealed

May 18, 2023

Elon Musk: here’s why Tesla stock continues to sell-off

December 21, 2022

Jefferies analyst reveals his top two biotech stocks for 2023

December 28, 2022

Options Gamma Explained: Delta Sensitivity To Price

April 22, 2023

Why Alibaba stock is rising and the next price target

January 9, 2023

JP Morgan is bearish on EasyJet share price: should you?

January 5, 2023

JPMorgan stock double upgraded to ‘overweight’ at Morgan Stanley

December 6, 2022

Everything You Need to Know About Options Assignment Risk

February 21, 2023

UK retail sales slip 0.4% as households feel inflation pinch

December 16, 2022

14 events that shaped financial markets in the first 11...

November 29, 2022

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,630 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Cowen analyst names Raytheon stock his...

    November 28, 2022

    Top 3 monthly dividend stocks to...

    November 25, 2022

    Best FTSE 100 dividend aristocrats for...

    December 16, 2022
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here