Weekly Outlook: 2017, January 22 - January 29

Weekly Outlook: 2017, January 22 - January 29

The US dollar was mixed as Donald Trump entered the White House. Apart from Trump’s first week as President, we have some interesting publications: US and UK GDP, durable goods orders from the US and more These are the highlights of this week.

1. Mario Draghi speaks: Sunday, 23:00. ECB President Mario Draghi will speak in Torino.
2. German Ifo Business Climate: Wednesday, 9:00. Business climate is expected to rise to 111.3 this time.
3. US Crude Oil Inventories: Wednesday, 15:30.
4. UK GDP data: Thursday, 9:30. The fourth quarter growth rate is expected to reach 0.5%.
5. US Unemployment Claims: Thursday, 13:30. The number of new claims is expected to reach 247,000 this week.
6. US GDP data: Friday, 13:30. US economy is expected to expand by 2.1% in the fourth quarter of 2016.
7. US Durable Goods Orders: Friday, 13:30. Durable goods orders for December are expected to rise 2.7%, while core orders are expected to gain 0.5%.

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Weekly EUR/USD Outlook: 2017, January 22 - January 29

EUR/USD enjoyed the dollar’s weakness but traded with relative caution after Draghi’s press conference. The upcoming week features a mix of PMIs, inflation, and GDP numbers. Here is an outlook for the highlights of this week.

1. Mario Draghi talks: Monday, 11:00. The President of the ECB has another chance to impact the euro in a speech in Torino, Italy, his home country.
2. Consumer Confidence: Monday, 15:00.
3. Flash PMIs: Tuesday morning: 8:00 for France, 8:30 for Germany and 9:00 for the whole euro-zone.
4. German Ifo Business Climate: Wednesday, 9:00.
5. Spanish Unemployment Rate: Thursday, 8:00.
6. German GfK Consumer Climate: Thursday, 7:00.
7. German CPI: Thursday, throughout the morning from the states, with the final figure due at 13:00 GMT.
8. French GDP: Friday, 6:30.
9. Spanish GDP: Friday, 7:00.
10. French CPI: Friday, 7:45.
11. Monetary data: Friday, 9:00.

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EUR/USD M5: 44 pips range price movement by U.S. Advance GDP news events