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Weekly outlook of financial market events

The beginning of the new week, which is marked in this year’s calendar as the seventh in a row, is currently in the trading trend of a strengthening American dollar (USD). During European Monday noon on 12/02/2024, at approximately 12:15 CET, the USD exchange value measured by the DXY dollar index rose to a value of USD 104.14 points with a daily increase of + 0.02% of the point value according to this index. The global currency pair EUR/USD was traded in forex operations at the mutual exchange rate on the indicated day and time at a value of 1.077 USD per EUR, with a + 0.13% increase of USD against EUR on the day to date.

Investors, traders and other participants in the financial markets in this 7th week of 2024 can taste the following events, among others:

CPI US Consumer Price Index – monthly

The monthly Consumer Price Index reflects changes in the prices of consumer goods and services in a given month compared to the previous one. The index shows price changes from the consumer’s perspective. The consumer price index characterizes inflationary dynamics. Its growth can have a positive effect on dollar quotes. The value of the index will be published on Tuesday 13/02/2024 at 14:30 CET and an increase in its value by 0.3% is expected.

Unemployment in Great Britain – monthly

The unemployment rate shows the number of unemployed people as a percentage of the working-age population. The calculation is done monthly. The unemployed are defined as persons between the ages of 15 and 74 who are not currently employed, although they are available for work and actively looking for it. The growth of the indicator can have a negative effect on quotes in pounds. The data of this index will be published on Tuesday 13/02/2024 at 14:30 CET. According to analysts and investment correspondents, a value of 4% is expected.

Retail sales in the US – monthly

Retail sales reflect the change in U.S. retail wages in the month under review compared to the previous month. The calculation is adjusted for inflation. The index is often called an indicator of consumer spending and allows for an assessment of inflation in the country. The growth of the indicator can have a positive effect on the dollar quotes. The information will be published on Thursday 15 February 2024 at 14:30 CET. According to analysts and investment correspondents, an increase of 0.1% is expected.

Building permits in the USA – monthly

Building Permits shows the number of new facility construction permits issued by a government or other regulatory body for a given month compared to the previous month. Based on this indicator, the medium-term state of the real estate market is predicted. The growth of the index can have a positive effect on dollar quotes. The data of this index will be published on Friday 16/02/2024 at 14:30 CET. According to analysts and investment correspondents, a value of 1.52M is expected

US Producer Price Index – monthly

These data are showing changes in the prices of finished goods and services sold by manufacturers. This is a leading indicator of consumer inflation – when producers charge more for their goods and services, higher costs are usually passed on to consumers. This data will be published on Friday 16/02/2024 at 14:30 CET. According to analysts and investment correspondents, an increase of 0.1% is expected.

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