TOP 3 MARKET EVENTS IN UPCOMING WEEK – 21 February 2022

TOP 3 MARKET EVENTS IN UPCOMING WEEK – 21 February 2022

Top 3 Market

Germany Manufacturing Purchasing Managers Index (PMI)

 WHEN:                                                                WHAT IT INFLUENCES:

21st  February 2022                                         EUR  and its subsequent

                                                                             pairs

WHAT’S HAPPENING:

The German Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below indicates contraction. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.

A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.

U.S. CB Consumer Confidence

WHEN:                                                                 WHAT IT INFLUENCES:

22nd February  2022                                       USD   and its subsequent

                                                                             pairs

WHAT’S HAPPENING:

Conference Board (CB) Consumer Confidence measures the level of consumer confidence in economic activity. It is a leading indicator as it can predict consumer spending, which plays a major role in overall economic activity. Higher readings point to higher consumer optimism.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.

U.S. Initial Jobless Claims

WHEN:                                                               WHAT IT INFLUENCES:

24th  February  2022                               USD and its subsequent

                                                                             pairs

WHAT’S HAPPENING:

Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.

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