TC Economic Insight - The Week Ahead (Jan 1 - 5)


Christophe Chevalier


December 29, 2023



Min Read

TC Economic Insight - The Week Ahead (Jan 1 - 5)

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

We are looking into the trading week of January 1 - 5 :

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:

After keeping interest rates unchanged in three consecutive policy meetings, the U.S. Federal Reserve has made it clear that it will cut interest rates in 2024.

The central bank should start cutting rates earlier in case the U.S. labor market, which has been resilient, shows signs of softening. 

According to Trading Central's "Economic Insight", the U.S. Official Jobs Report for December (due Friday, January 5) is expected to show that addition of Non-farm Payrolls may slow to 150,000 with the Jobless Rate rising to 3.9%.

In the past 12 U.S. Official Jobs Reports, EUR/USD rose in 58% of times (7 out of 12 events) within one hour from the report’s release, marking a trading range of 53.05 pips on average.

Other key economic data include:

Monday (January 1)

U.S., European markets closed for New Year's Day Holiday.

Canada, Australia, New Zealand, China, Japan, Hong Kong and Singapore also closed.

Tuesday (January 2)

Japan market still closed for Bank Holiday.

China Caixin Manufacturing PMI (DEC) expected to be unchanged at 50.7.

Canada S&P Global Manufacturing PMI (DEC) may rise to 48.0.  

Wednesday (January 3)

Japan market still closed for Bank Holiday.

Germany Unemployment Rate (DEC) expected to stand at 5.9%.

U.S. ISM Manufacturing PMI (DEC) may rise to 47.3.

U.S. Fed FOMC Latest Meeting Minutes.

Thursday (January 4)

China Caixin Services PMI (DEC) expected to be stable at 51.5.

France Inflation Rate (DEC) may rebound to 3.8% on year.

Germany Inflation Rate (DEC) may rebound to 3.7% on year.

U.S. ADP Additional Private Jobs (DEC) expected to fall to 99,000.

U.S. Initial Jobless Claims (DEC) may rise to 225,000.

Friday (January 5)

Japan Consumer Confidence Index (DEC) expected to dip to 36.0.

Germany Retail Sales (NOV) may fall 0.4% on month.

U.K. Halifax House Prices (DEC) may drop 0.4% on year.

Eurozone Inflation Rate (DEC) expected to rebound to 2.9% on year.

Eurozone Producer Prices (NOV) should decline 8.6% on year.

U.S. Non-Farm Payroll Addition (DEC) expected to slow to 150,000.

U.S. Unemployment Rate (REC) may rise to 3.9%.

U.S. Average Hourly Earnings (DEC) may increase 0.3% on month.

Canada Unemployment Rate (DEC) may rise to 5.9%.

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.
X (formerly Twitter) logo