Stay Ahead of the Market: Key Economic Events to Watch in the Week
As we move into the second week of January 2025, several key economic events are set to drive market sentiment. Investors and traders alike will need to stay vigilant as inflation data, GDP growth figures, and labor market statistics take center stage. These indicators will have a significant impact on global markets, from the U.S. to Europe and the UK. At Zooe, we bring you a detailed breakdown of the upcoming events and their expected influence on the financial landscape, along with essential trading tips to help you navigate the week ahead.
Tuesday, Jan 14, 2025
- 21:30 USD PPI (MoM) (Dec)
Impact: A significant deviation from the expected PPI figure could lead to increased volatility in USD pairs, especially against the Euro (EUR/USD) and the British Pound (GBP/USD).
Wednesday, Jan 15, 2025
- 15:00 GBP CPI (YoY) (Dec)
- Impact: A surprise in the CPI could cause fluctuations in GBP pairs, particularly GBP/USD and GBP/JPY, as markets react to potential shifts in monetary policy.
- 21:30 USD Core CPI (MoM) (Dec)
- Impact: A deviation from market expectations could create significant price movements in USD pairs, with major attention on USD/JPY, EUR/USD, and GBP/USD.
- 21:30 USD CPI (YoY) (Dec)
- Impact: As one of the most influential economic releases for the U.S. dollar, the CPI can cause major shifts across all USD-based pairs.
- 21:30 USD CPI (MoM) (Dec)
Impact: A sharp change in monthly CPI can result in volatility in USD/JPY, EUR/USD, and USD/CHF. - 23:30 USD Crude Oil Inventories
- Impact: Fluctuations in oil prices will influence USD/CAD, as well as broader risk sentiment in the global markets.
Thursday, January 16, 2025
- 15:00 GBP GDP (MoM) (Nov)
Impact: GBP/USD, EUR/GBP, and GBP/JPY are likely to be impacted by any surprises in the GDP number, with a positive outcome favoring the British pound. - 15:00 EUR German CPI (MoM) (Dec)
- Impact: Traders should watch EUR/USD and EUR/GBP for volatility depending on how the inflation data comes in.
- 21:30 USD Core Retail Sales (MoM) (Dec)
- Impact: Retail sales figures could have a direct impact on USD pairs and influence broader sentiment about U.S. growth prospects.
- 21:30 USD Initial Jobless Claims
- Impact: Jobless claims data could move USD-based pairs, especially USD/JPY and EUR/USD, as it provides crucial insight into labor market trends.
- 21:30 USD Philadelphia Fed Manufacturing Index (Jan)
- Impact: Manufacturing data could provide volatility for USD pairs, especially in the lead-up to other key data later in the week.
Friday, Jan 17, 2025
- 18:00 EUR CPI (YoY)
- Impact: EUR/USD, EUR/GBP, and EUR/JPY will likely experience volatility based on any surprise readings, particularly as inflation remains a focal point for central banks.
Trading Tips
- Stay Focused on Inflation Data: Inflation will be the key theme of the week. With multiple CPI reports due, including U.S., UK, and Eurozone data, expect heightened volatility. Keep a close eye on deviations from consensus estimates, as these could drive significant price movements in both equities and currencies.
- Prepare for Market Reactions to Central Bank Policy: Central banks are actively monitoring inflation, and a higher-than-expected CPI could push currencies like the USD, GBP, and EUR to react sharply. Traders should be ready for short-term market fluctuations after key reports.
- Use Volatility to Your Advantage: With so many high-impact reports scheduled, there will be plenty of opportunities for those who are prepared. Set alerts for the key events, and use short-term market swings to your advantage.
- Monitor the Energy Markets: The Crude Oil Inventories report will provide fresh data on energy supplies, so stay updated on oil price fluctuations. Watch the USD/CAD pair as oil prices impact the Canadian dollar.
- Risk Management: Given the economic data packed into this week, market movements could be sudden and intense. Ensure your positions are well-hedged, and consider setting stop-loss orders to protect against unexpected volatility.
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Risk Reminder
Trading in financial markets involves significant risks, including the potential loss of your investment. Trade responsibly and only invest what you can afford to lose. Seek independent financial advice if needed.
