Weekly Economic Calendar

February 18 – February 23, 2024 Economic report and policy meetings

February 18

China:  Current Account Preliminary – 4^th Qtr

Japan:  Machinery Orders (YoY) – December

New Zealand:  Services NZ PSI - January  

Thailand:  Full Year GDP Growth (2023), GDP Growth Rate (QoQ) – 4^th Qtr., GDP Growth Rate (YoY) – 4^th 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) – 4^th 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 – 4^th 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 17^th     

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 – 4^th Qtr., GDP Growth Rate (QoQ) Final – 4^th Qtr.

India:  Monetary Policy Meeting Minutes  

Japan:  Foreign Bond Investment – February 17^th

Mexico:  GDP Growth Rate (YoY) Final – 4^th 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) – 4^th 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.