Thursday, the 11th of February, brings numerous known market movers, so let’s take a closer look with the Economic Calendar.
Japanese markets will be closed as the National Foundation Day is observed, and the first item on the schedule comes at 8:15 when Swiss CPI for January is released. Switzerland has been experiencing annual deflation for more than a year, but the rate did inch slightly higher in December.
The closely watched weekly update on US Jobless Claims comes at 1:30 PM GMT. Initial claims went up by 8 thousand during the week ending January 30, while the continuing claims dropped by 18 thousand during the week ending January 23.
Canadian New Housing Price Index for December comes at the same time. The Index grew in line with expectations in November and, in fact, it has been growing for the past 8 months.
Day 2 of Janet Yellen’s testimony on the Semiannual Monetary Policy Report begins at 3 PM, and traders will be scrutinising her remarks for any hints on the future course of action, for example, whether the Fed could reconsider its rate hike schedule for 2016.
Aussie Dollar traders may want to pay close attention to RBA Governor Glenn Stevens as he will be testifying before the House Representatives’ Standing Committee on Economics in Sydney. The speech begins at half past 10.
And Australian Home Loans for December are out at half past midnight. Housing finance rebounded in November, reversing a point 3% slip the previous month.
You’ve been watching the Economic Calendar for Thursday with me, Sam Meredith. Our next Calendar will cover the possible market movers for Friday, so do check back.
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