The first week of February will provide some understanding of
the US employment sector, which is important for evaluating
the perspectives of planned stimulation; also, we will see
the results of some
Central banks’ sessions. On
the whole, no surprises are expected on either side – this means that
the current state of affairs in
the currency market can stay without change <a name=\'more\'></a> .
USD: check
the labor market statistics
At
the beginning of
the month, things are as usual:
the USA publishes a block of statistics on
the employment market, which will either show a stable positive trend or
the persistence of certain problems. The unemployment rate in January is expected to have decreased to 6.6%. The better
the statistics,
the better for
the USD.
EUR: still weak
EUR: still weak
Earlier
the EUR dropped noticeably after unfavorable forecasts of German GDP for 2021. Hence, investors are scrutinizing all
the German statistics
and will fully react to any negative information from there. Check
the European GDP in
the fourth quarter – stable statistics will prevent
the EUR from falling.
AUD:
the RBA can save it from volatility
AUD:
the RBA can save it from volatility
This week,
the Reserve bank of Australia is having a session. The interest rate is likely to remain at 0.10%, while
the regulator will provide information on its work with
the labor market
and any positive changes in this sphere. The forecast reaction of
the RBA will leave
the AUD without excessive volatility.
Central banks: Egypt, Czech, India
Central banks: Egypt, Czech, India
In
the first week of February,
the Central banks of Egypt, Czech,
and India are also having sessions. The only changes might happen in
the Indian interest rate; in
the other cases, nothing is expected to change, which means capital markets will remain interested in risky assets.
GBP:
the Bank of England will decide on
the rate
GBP:
the Bank of England will decide on
the rate
The Bank of England is getting ready for another session planned for Thursday, February 4th. Here,
the interest rate will also remain at 0.10% as now is not
the best time for making changes in
the credit
and monetary policy. We are looking forward to
the comments of
the BoE on
the influence of
the lock-down on economic expectations
and the British economy on
the whole. The GBP might turn out weak.
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