TC Economic Insight - The Week Ahead (Feb 19 - 23)


Kim Ming Lam


February 17, 2024



Min Read

TC Economic Insight - The Week Ahead (Feb 19 - 23)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of February 19 - 23:

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

Japan's economy has already slipped into a recession, as gross domestic product (GDP) contracted in two consecutive quarters (the third & fourth quarters of 2023).

Investors are therefore keen to know if the world’s fourth largest economy, which has just been overtaken by Germany, could show some signs of economic resilience. 

According to Trading Central's "Economic Insight", Japan’s Exports (to be reported on Wednesday, February 21), could grow 9.5% on year in January.

In the past 12 Japanese Trade Balance Reports, USD/JPY rose in 58% of times (7 out of 12 events) within one hour from the report’s release, marking a trading range of 22.06 pips on average.

Forecasts of Key Economic Data:

Monday (February 19)

JP Machinery Orders (DEC) +2.3% MoM

US Market Closed for Presidents’ Day Holiday

CA PPI (JAN) -2.3% YoY

Tuesday (February 20)

Australia Central Bank’s latest monetary meeting minutes

CA Inflation Rate (JAN) expected to slow to 3.2% YoY

US Conference Board Leading Index (JAN) -0.2% MoM

Wednesday (February 21)

JP Trade Surplus (JAN) expected to widen to 150 billion yen

JP Exports (JAN) +9.5% YoY

JP Imports (JAN) -8.4% YoY

CA New Housing Price Index (JAN) -0.1% MoM

US FOMC latest monetary meeting minutes

Thursday (February 22) 

NZ Trade Deficit (JAN) may widen to NZ$600 million

FR HCOB Manufacturing PMI Flash (FEB) to tick up to 44.0

DE HCOB Manufacturing PMI Flash (FEB) to improve to 46.6

GB S&P Global Manufacturing PMI Flash (FEB) to rise to 47.3

CA Retail Sales (DEC) +0.7% MoM

US Initial Jobless may tick up to 215,000

US S&P Global Manufacturing PMI Flash (FEB) to tick down to 50.3

US Existing Home Sales (JAN) +3.0% MoM

Friday (February 23)

JP Stock Market Closed for Emperor's Birthday Holiday

NZ Retail Sales (4Q) -2.6% YoY

GB Gfk Consumer Confidence (FEB) may dip to -20

DE Ifo Business Climate (FEB) expected to tick up to 85.7

Happy Trading!

Source: Trading Central Economic Insight

Kim Ming Lam

Head of APAC Research
Ming graduated from Hong Kong University with a Bachelor's degree in mechanical engineering. He has been working in the financial services sector for over 10 years. He is currently tasked with providing clients with technical analysis views on forex and Asian stock indexes.
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