TC Economic Insight - The Week Ahead (Jan 22 - 26)


Christophe Chevalier


January 20, 2024



Min Read

TC Economic Insight - The Week Ahead (Jan 22 - 26)

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

We are looking into the trading week of January 15 - 19:

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:

Major U.S. stock indexes –  the Dow Jones Industrial Average, the S&P 500, and the Nasdaq 100 – have just marked all-time highs, as investors are jumping back into equities amid expectations that the Federal Reserve will soon cut interest rates.

In case U.S. data show that inflation keeps slowing down, investor sentiment, and in turn the stock market, could be boosted further.

According to Trading Central's "Economic Insight", U.S. Core Personal Consumption Expenditure (PCE) Price Index (due Friday, January 26), the Fed’s favorite inflation gauge, is expected to ease further to 3.1% on year in December. 

In the past 12 U.S. Core PCE Price Index Reports, EUR/USD fell in 58% of times (7 out of 12 events) within one hour from the report’s release, marking a trading range of 31.52 pips on average.

Other key economic data include:

Monday (January 22)

European Central Bank President Christine Lagarde will speak. 

U.S. Conference Board Leading Index (DEC) expected to fall 0.3% on month. 

Tuesday (January 23)

Bank of Japan expected to keep Key Interest Rate unchanged at Negative -0.100%. 

Australia NAB Business Confidence Index (DEC) to improve to -7.

Eurozone Consumer Confidence Index (JAN) may tick up to 14.7.

U.S. Richmond Fed Manufacturing Index (JAN) to fall to -15.

Canada New Housing Price Index (DEC) expected to be stable.

Wednesday (January 24)

New Zealand Inflation Rate (4Q) expected to slow to 4.5% on year.

Japan Exports (DEC) expected to grow 9.1% on year. 

Germany HCOB Manufacturing PMI (JAN) may tick up to 44.0.

U.K. S&P Global Manufacturing PMI (JAN) to edge up to 47.0.

U.S. S&P Global Manufacturing PMI (JAN) may decline to 47.2.

Canada’s Central Bank expected to Keep Key Interest Rate unchanged at 5.00%.

Thursday (January 25) 

France Business Confidence Index (JAN) expected to tick down to 99.

Germany Ifo Business Climate Index (JAN) may rise to 87.5.

European Central Bank (ECB) expected to Keep Key Interest Rate unchanged at 4.50%.

U.S. GDP Growth (4Q) expected to slow to 2.3% on quarter.

U.S. Durable Goods Orders (DEC) to grow 0.1% on month.

U.S. Initial Jobless Claims (JAN/20) may increase to 192,000.

U.S. New Home Sales (DEC) could rise 8.0% on month.

Friday (January 26)

Australia’s Stock Market closed for Australia Day.

Tokyo Core Consumer Price Index (JAN) expected to slow to 1.9% on year.

U.K. GfK Consumer Confidence Index (JAN) to improve to -18.

Germany GfK Consumer Confidence Index (FEB) to tick up to -24.0.

France Consumer Confidence Index (JAN) may stay at 89.

U.S. Personal Spending (DEC) may increase 0.3% on month.

U.S. Personal Income (DEC) may rise 0.3% on month.

U.S. Core PCE Price Index Growth (DEC) to slow to 3.1% on year.

U.S. Pending Home Sales (DEC) may drop 3.4% on year.

Happy Trading!

Source: Trading Central Economic Insight

Christophe Chevalier

Technical Analyst
Christophe has an STA Level 1 & 2 from the Society of Technical (UK), an MS in Financial Trading ESLSCA France’s elite financial education university and an MBA from ISC Paris Business School. He joined TC in 2007, bringing over 11 years experience in financial markets.
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