Federal Reserve Bank page 3

Key events:       USA – Core Durable Goods Orders (MoM) (Dec) USA – GDP (QoQ) (Q4)    USA – Initial Jobless Claims   USA – New Home Sales (Dec)    Although the U.S. PMI fell further in January, inflation did accelerate. It is still unclear whether the Fed should take a more dovish or hawkish stance – and that cannot help but affect gold.

Key events:       Switzerland  – Interest Rate Decision (Q4)     Eurozone – EU Leaders Summit      UK – BoE Interest Rate Decision (Dec)     Eurozone – ECB Interest Rate Decision (Dec) USA – Core Retail Sales (MoM) (Nov)   USA – Initial Jobless Claims     Eurozone – ECB President Lagarde Speaks    

Key events: Canada – GDP (MoM) (Sep)    UK – BoE Gov Bailey Speaks      USA – CB Consumer Confidence (Nov) Friday's U.S. jobs report for November will be the main event this week as investors remain hopeful that the Federal Reserve will soon slow the pace of rate hikes. Fed Chairman Jerome Powell's midweek remarks will be closely watched. Eurozone inflation data will also be in focus, as will China's PMI data amid fears of renewed COVID-19 cases. Here's what you should keep in mind this week.

Key events:   Eurozone – ECB's Supervisory Board Member Jochnick Speaks      Eurozone – ECB's De Guindos Speaks     The dollar weakened against all of the Big Ten currencies except the Swiss franc on Thursday. It showed a three-day decline and closed at its lowest level since August 12.  DXY held positions at 105.80 during yesterday's trading session, consolidating after aggressive selling the day before, which resulted in the asset having to retreat to local lows again.

Key events: Eurozone – ECB Publishes Account of Monetary Policy Meeting   Last night the minutes of the November FOMC meeting were published. The main thing - the US regulator made it clear: there is a willingness to slow down the pace of rate hikes.

Key events: UK – Composite PMI    UK – Manufacturing PMI    UK – Services PMI    USA – Building Permits   USA – Core Durable Goods Orders (MoM) (Oct) USA – Initial Jobless Claims USA – New Home Sales (Oct) USA – Crude Oil Inventories USA – FOMC Meeting Minutes    

Key events:   UK - Composite PMI (Oct)   UK - Services PMI (Oct) UK - BoE Interest Rate Decision (Nov) UK - BoE Gov Bailey Speaks      USA - Initial Jobless Claims   USA - ISM Non-Manufacturing PMI (Oct) UK - BoE Gov Bailey Speaks    

Key events:   USA – ADP Nonfarm Employment Change (Oct)   USA – Crude Oil Inventories   USA – FOMC Statement      USA – Fed Interest Rate Decision USA – FOMC Press Conference U.S. stock indices, which began an active growth in trading on Tuesday, ended the session in the red after the publication of strong macroeconomic statistics, which increased the likelihood of a more aggressive tightening of monetary policy by the U.S. Federal Reserve (Fed).

Key events: New Zealand - Labor Day UK - Composite PMI    UK - Manufacturing PMI    UK - Services PMI