5 KEY EVENTS TO WATCH OUT
Construction PMI (Dec), U.K.
WHEN: WHAT IT INFLUENCES:
07th JANUARY 2022 GBP and its subsequent
Pairs
WHAT’S HAPPENING: The Chartered Institute of Purchasing and Supply (CIPS) Construction Purchasing Manager’s Index (PMI) measures the activity level of purchasing managers in the construction industry. A reading above 50 indicates expansion in the construction industry; a reading below indicates contraction.
A higher-than-expected reading ought to be taken as positive/bullish for the GBP, whereas a lower-than-expected reading should be taken as negative/bearish for the GBP.
ADP Nonfarm Employment Change (Dec), U.S.
WHEN: WHAT IT INFLUENCES:
05th JANUARY 2022 USD and its subsequent
Pairs
WHAT’S HAPPENING: The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients
A higher-than-expected reading ought to be taken as positive/bullish for the USD, whereas a lower-than-expected reading should be taken as negative/bearish for the USD.
RBA Interest Rate Decision (Jan), AUSTRALIA
WHEN: WHAT IT INFLUENCES:
03rd JANUARY 2022 AUD and its subsequent
Pairs
WHAT’S HAPPENING: Reserve Bank of Australia (RBA) board members come to a consensus on where to set the rate. Traders watch interest rate changes closely as short-term interest rates are the primary factor in currency valuation.
A higher-than-expected reading ought to be taken as positive/bullish for the AUD, whereas a lower-than-expected reading should be taken as negative/bearish for the AUD.
Employment Change (Dec), CANADA
WHEN: WHAT IT INFLUENCES:
07th JANUARY 2022 CAD and its subsequent
Pairs
WHAT’S HAPPENING: Employment Change measures the change in the number of people employed. Job creation is an important indicator of consumer spending.
A higher-than-expected reading ought to be taken as positive/bullish for the CAD, whereas a lower-than-expected reading should be taken as negative/bearish for the CAD.
Unemployment Change (Dec), GERMANY
WHEN: WHAT IT INFLUENCES:
04th JANUARY 2022 EUR and its subsequent
pairs
WHAT’S HAPPENING: German Unemployment Change measures the change in the number of unemployed people during the previous month.
A higher-than-expected reading ought to be taken as negative/bearish for the EUR, whereas a lower-than-expected reading should be taken as positive/bullish for the EUR.
EQUITIES IN THE COMING WEEK
1. Smart Global (SGH) to announce its Quarterly Results on 4th JANUARY 2022, EPS estimated to 1.49 per share while revenue estimated 452.39M.
2. Unifirst (UNF) to announce its Quarterly Results on 5th JANUARY 2022, EPS estimated to 1.95 per share while revenue estimated 475.13M.
3. WD-40 (WDFC) to announce its Quarterly Results on 6th JANUARY 2022, EPS estimated to 1.57 per share while revenue estimated 130.80M.
4. Schnitzer (SCHN) to announce its Quarterly Results on 6th JANUARY 2022, EPS estimated to 1.67 per share while revenue estimated 813.72M.
5. Acuity Brands (AYI) to announce its Quarterly Results on 7th JANUARY 2022, EPS estimated to 2.42 per share while revenue estimated 880.24M.
TOP COMMODITIES IN THE COMING WEEK
GOLD
GOLD is currently in the upward channel. Further upside can be seen in the coming week.
SILVER
SILVER is trading in the upward channel. Further upside can be seen in the coming week.
WTI CRUDE OIL
WTI CRUDE OIL is trading in the up channel. Further upside can be seen in the coming week.
TOP CRYPTO IN THE COMING WEEK
BTCUSD
BTCUSD is trading in the down channel; downside will be seen in the coming days.
ETHEREUM
ETHEREUM is currently in the downward channel. Further downside can be seen in the coming week.
TOP CURRENCY IN THE COMING WEEK
EURUSD
EURUSD is trading in the up channel; further upside can be seen in the coming days.
GBPUSD
GBPUSD is trading in the up channel; further upside can be seen in the coming days.
USDCHF
USDCHF is currently in the downward channel. The further downside can be seen in the coming week.
TOP INDEX IN THE COMING WEEK
S&P 500
S&P 500 is trading in the up channel; further upside will be seen in the coming days.
FTSE 100
FTSE 100 is trading in the up channel; further upside will be seen in the coming days.
DATA WATCH
