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Forex – Weekly Outlook: January 21 -25

FxPremiere.com – This week investors will be continuing to monitor U.S. and China trading for signs of progress, while gov continues to delay some key U.S. reports.

Investors will get an update on U.S. home sales and jobless claims, while U.S. markets will remain closed for a long holidays.

Other economic reports this week include figures for China’s GDP, the latest U.K. jobs report on Tuesday and Thursday’s euro zone PMI data. Central bank meetings in the euro zone .

Forex - Weekly Outlook: January 21 -25

Brexit developments will be watched, with British PM Theresa May set to unveil her Plan in parliament on Monday ahead of her initial plan was struck down by a 237-vote margin last week.

FX Capital Market watchers will also be looking to the Switzerland movements, which starts on Tuesday. The forum will not be attended by U.S. President Donald Trump or representatives of his administration as a result of the gov shutdown.

The U.S. dollar was higher vs a basket of its rivals on Friday and notched up its first weekly gain of the year amid optimism over ongoing trade talks between the U.S. and China.

The U.S. dollar index, which measures the greenback strength vs six major currencies, was up 0.38% at 96.11 late Friday, for a weekly gain of 0.78%.

The pound was little changed vs the US dollar and the euro late Friday, with GBP/USD at 1.2882, for a weekly gain of 0.32%. EUR/GBP ended at 0.8825, down 1.11% for the week, which was the largest weekly decline since August 2018.

Monday, January 21

China is to release closely watched data on 4th quarter growth, as well as figures on investment and industrial production.

U.S. financial markets are to be closed on Monday for the Martin Luther King Day Off,

Tuesday, January 22

The U.K. is to publish its latest employment report.

The ZEW Institute is to publish a report on Germany’s sentiment.

Canada is to report on manufacturing data sales.

The U.S. is to publish data on home sales.

Wednesday, January 23

New Zealand is to release inflation prices.

The Bank of Japan is to announce its level of interest rate and publish a rate statement.

Canada is to publish data on retail sales.

Thursday, January 24

Australia is to release its jobs spec report.

The euro zone is to release data on private sector business activity.

Friday, January 25

The IFO Institute is to report on German climate project.

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