February 2021 EVENTS - 29/01/2021

Micro Analysis

29 January, 2021

For General Information only. Not Intended to Provide Trading or Investment Advice. Your Capital is at Risk.

US EARNINGS SEASON (February, 2021)

A large number of U.S. companies will be releasing quarterly earnings in February. Expected earnings releases in February include but are not limited to Amazon, Google, Exxon, Alibaba, Pfizer, Pepsi, Nvidia, and Paypal.

Possible Influence: US Stocks and Indices

U.S. ISM Manufacturing PMI (Jan) (Feb 1st at 15:00 GMT)

December’s ISM Manufacturing PMI printed at 60.7. The consensus forecast for January is 60.

Possible Influence: Volatile US Dollar, Gold and US Stocks

Royal Bank of Australia Meeting (Feb 2nd at 03:30 GMT)

Royal Bank of Australia expected to maintain interest rates at the current level of 0.10%. There will be an RBA Rate Statement after the decision.

Possible Influence: Volatile AUD

OPEC+ Joint Ministerial Monitoring Committee Meeting (JMMC) (Feb 3rd, tentative)

OPEC Joint Ministers and Russia will meet to discuss their current production cuts which total 8.125 million barrels per day and review the oil market, ahead of the full OPEC meeting next month.

Possible Influence: Volatile Brent and Crude Oil (WTI) prices

Bank of England Meeting (Feb 4th at 12:00 GMT)

The Bank of England is expected to keep interest rates at the current rate of 0.10%. There will be a press conference following the decision.

Possible Influence: Volatile GBP

U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (Jan) (Feb 5th at 13:30 GMT)

The Unemployment rate for December was 6.7%. It is expected to remain 6.7% in January. Non-Farm Payrolls are expected to print at 85,000 for January, up from a drop of 140,000 in December.

Possible Influence: Volatile US Dollar, Gold and US Stocks

Inflation data in US (Jan) (Feb 10th at 13:30 GMT)

Core CPI (excluding food and energy) was 1.6% in December. CPI for December was 1.4%. In January the annual Core CPI is expected to fall to 1.5% and CPI is expected to drop to 1.3%.

Possible Influence: Volatile US Dollar, Gold and US Stocks

Retail Sales in US (Jan) (Feb 17th at 13:30 GMT)

Retail Sales fell 0.7%, Month-over-Month, in December.

Possible Influence: Volatile US Dollar, Gold and US Stocks

U.S. Durable Goods Orders (Jan) (Feb 25th at 13:30 GMT)

December’s Durable Goods posted at 0.2%, Month-over-Month.

Possible Influence: Volatile US Dollar, Gold and US Stocks

U.S. Politics (Feb)

The United States Senate will start the impeachment trial for former President Trump. The United States Congress will begin work on their next China Virus stimulus bill, which is at a minimum expected to include $1400 for every eligible American. The bill is expected to have a total value between $1 Trillion and 1.9 Trillion.

Possible Influence: Volatile US Stocks and Indices, Global Stocks and Indices, Commodities, Currencies

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