Plan your strategies for the trading week ahead with key insights from our team.
Next week on the macro calendar, we will see the release of various central bank meeting minutes, inflation reports, as well as UK employment figures and Q4 GDP data out of Japan.
Choppiness in the equities market has driven investors into the safety of the Japanese yen. Markets are expecting a contraction in Q4 GDP out of Japan and LCG Head Analyst Brenda Kelly, says USDJPY is an interesting pair to note, having broken through some key levels as of late.
Brenda also talks through Chinese trade data expectations and the upcoming January inflation read out of China, with the market currently pricing in a consensus of 1.9% year-on-year.
With the release of FOMC and ECB meeting minutes next week, markets will be looking for any indication regarding the next moves of those key policymakers, especially given the reversal seen in USD strength over the last few weeks.
Brenda finally wraps up the week ahead with a look at USDCAD, given the release of Canada inflation figures at the end of the week.