February 18 – February 23, 2024 Economic report and policy meetings
February 18
China: Current Account Preliminary – 4th Qtr
Japan: Machinery Orders (YoY) – December
New Zealand: Services NZ PSI - January
Thailand: Full Year GDP Growth (2023), GDP Growth Rate (QoQ) – 4th Qtr., GDP Growth Rate (YoY) – 4th Qtr.
February 19
Australia: Reserve Bank of Australia (RBA) Meeting Minutes
Brazil: Brazilian Central Bank (BCB) Focus Market Readout, Business Confidence – February
Euro-Zone: Spain: Balance of Trade – December, Consumer Confidence – January
Netherlands: Consumer Confidence - February
South Korea: Consumer Confidence – February
Switzerland: Balance of Trade – January
U.S.: President’s Days Holiday Celebrated
Equity and fixed-income markets are closed in observance of Presidents Day.
February 20
Australia: Westpac Leading index (MoM) – January, Wage Price Index (YoY) – 4th Qtr.
Canada: Core Inflation Rate (MoM) – January, Core Inflation Rate (YoY) – January, Inflation Rate (YoY) – January, Inflation Rate (MoM) – January
Euro-Zone: New Car Registrations (YoY) - January
Indonesia: Interest Rate Decision
Japan: Reuters Tankan Index – February, Balance of Trade – January
South Africa: Unemployment Rate – 4th Qtr.
South Korea: Business Confidence – February
U.K.: Public Sector Net Borrowing - January
U.S.: Conference Board Leading (Economic) Index – January
February 21
Australia: Judo Bank Manufacturing Purchasing Managers Index (PMI) Flash – February, Judo Bank Services PMI Flash – February
Canada: New Housing Price Index (YoY) – January, Bank of Canada Gravelle Speech
Euro-Zone: Consumer Confidence Flash – February, Germany: 10-Year Bund Auction, France: Business Confidence – February
India: HSBC Composite Purchasing Managers Index (PMI) Flash – February, HSBC Manufacturing PMI Flash – February, HSBC Services PMI Flash - February
Japan: Foreign Bond Investment – February 17th
New Zealand: Balance of Trade – January
South Africa: Inflation Rate (MoM) – January, Inflation Rate (YoY) – January
South Korea: Interest Rate Decision
U.S.: Federal Open Market Committee (FOMC) Minutes, MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (February 16), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (February 16), Federal Reserve’s Bostic Speech, Federal Reserve’s Bowman Speech
The Federal Open Market Committee releases minutes from its late-January monetary-policy meeting. At that meeting, the FOMC left the federal-funds rate unchanged at a multi-decade high of 5.25%-5.50%. The central bank penciled in six 25-basis-point rate cuts before the meeting, and that has now been pared down to fewer than four.
February 22
Canada: Retail Sales (MoM)- Dec
China: House Price Index (YoY) – January
Euro-Zone: ECB Monetary Policy Meeting Accounts, Core Inflation Rate (YoY) Final – January, Inflation Rate (MoM) Final – January, Inflation Rate (YoY) Final – January, France: HCOB Composite Purchasing Managers Index (PMI) Flash – February, HCOB Manufacturing PMI Flash – February, HCOB Services PMI Flash – February, Germany: HCOB Manufacturing Purchasing Managers Index (PMI) Flash – February, HCOB Composite PMI Flash – February, HCOB Services PMI Flash – February, Euro-Zone: HCOB Composite PMI Flash – February, HCOB Manufacturing PMI Flash – February, HCOB Services PMI Flash – February, Italy: Inflation Rate (YoY) Final – January, Germany: GDP Growth Rate (YoY) Final – 4th Qtr., GDP Growth Rate (QoQ) Final – 4th Qtr.
India: Monetary Policy Meeting Minutes
Japan: Foreign Bond Investment – February 17th
Mexico: GDP Growth Rate (YoY) Final – 4th Qtr., Economic Activity (YoY) – December, Mid-month Inflation Rate (MoM) – February, Mid-month inflation Rate (YoY) – February, Monetary Policy Meeting Minutes
New Zealand: Retail Sales (QoQ) – 4th Qtr.
U.K.: S&P Global Composite Purchasing Managers Index (PMI) Flash – February, S&P Global Manufacturing PMI Flash – February, S&P Global Services PMI Flash – February, GFk Consumer Confidence – February
U.S.: Chicago Federal Reserve National Activity Index – January, Continuing Jobless Claims – February 10, Initial Jobless Claims – February 17, S&P Global Composite Purchasing Managers Index (PMI) Flash – February, S&P Global Manufacturing PMI Flash – February, S&P Global Services PMI Flash – February, Existing Home Sales (MoM) – January, Federal Reserve’s Jefferson Speech), Department of Energy (DOE) U.S. Crude Oil Inventories (February 16), DOE Cushing OK Crude Inventory (February 16), DOE U.S. Gasoline Inventories (February 16), DOE U.S. Distillate Inventory (February 16), DOE U.S. Refinery Utilization (February 16), DOE Crude Oil Implied Demand (February 16), Gasoline Implied Demand (February 16), Distillate Implied Demand (February 16), API Crude Oil Stock Change (February 16), EIA Natural Gas Stocks Change – February 16, Federal Reserve’s Harker Speech, Federal Reserve’s Cook Speech, Federal Reserve’s Kashkari Speech, Federal Reserve’s Waller Speech
February 23
China: Foreign Direct Investment (FDI) YTD (YoY) – January
Euro-Zone: Ifo Business Climate – February
Poland: Unemployment Rate – January
U.S.: Baker Hughes U.S. Rig Count – February 23
Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.
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