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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

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Economic Calendar | February 7 – 11


February, 07 2022
watermark Economic news

Monday, February 7


On Monday, the macroeconomic calendar is completely empty again. Therefore, the market will have the opportunity to calmly digest the contents of Friday's Non-Farm Payrolls report from the United States Department of Labor. Given its exceptionally optimistic nature (+467 thousand new jobs), it is quite possible that the US dollar will start the week with a strengthening. 


Tuesday, February 8


Tuesday is also not distinguished by a variety of economic publications. Attention can only be attracted by statistics on the volume of exports and imports to the United States, as well as the trade balance in December. 


Wednesday, February 9


The situation is similar on Wednesday – the economic calendar is empty. Only in the evening, the US Department of Energy will present statistics on crude oil reserves in the country. 


Thursday, February 10


But on Thursday, US inflation data will be published, which will be the most important event of the week. The growth rate of consumer prices should accelerate from 7.0% to 7.1% (and this is still according to the most conservative estimates). Some analysts expect inflation to rise to 7.3%. 


If the forecasts are confirmed, the US Federal Reserve System will be forced to start raising the refinancing rate as soon as possible. Already in early March. Therefore, an increase in inflation will lead to a further strengthening of the US currency. 


In addition, a slight decrease in the number of applications for unemployment benefits is predicted. In particular, the number of initial requests may decrease by 8 thousand, and the number of repeated requests may decrease by another 19 thousand.


Friday, February 11 


The only thing worth paying attention to on Friday is the macroeconomic statistics from the UK. The economic growth rate should slow down from 6.8% to 6.6%, which does not look too good. At the same time, the growth rate of industrial production may accelerate from 0.1% to 0.9%. Thus, these data can more than compensate for the negative effect of the slowdown in GDP growth.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.