New coronavirus, economic indicators, and statements from important figures are in focus! Okachan-man’s 1-minute guide to this week's important events (week of February 3)
This Week's Economic Indicators! Three key events that Okay-chan Man will be watching
① Novel Coronavirus
② Economic Indicators
③ Speeches by Key Figures
Ancient FX Blog
(The following is a transcript of the video)
Hello everyone, this is Okay-chan Man. This is Okay-chan Man's video on this week's points of focus, so these are the points of focus for this week. The novel coronavirus, economic indicators, and speeches by important figures.
This week, I think this is the most notable point. The coronavirus—how far will the number of infections spread? The number of infections is increasing rapidly now, so the question is when this will peak. Also, China’s economy: starting this week, the Lunar New Year holiday ends and the Chinese market is reopening. Naturally, markets will reopen, but many factories will not resume operations, and some stores will not be open either. So attention is on when China’s economy will resume in full swing. Also, by delaying this, how much China’s economy will deteriorate is also a focus.
Next is economic indicators. This week is the beginning of the month, so there are many important indicators. Particularly PMI, Services PMI, Manufacturing PMI, Caixin Manufacturing PMI in China, and in the United States ISM, etc. And of course, employment data. This week the Australian RBA monetary policy decision will also be announced. The market is pricing in a hold with a slight expectation of a rate cut, so I think there might be movement and I am watching closely.
And then speeches by important figures. On January 31, the UK left the EU. As we enter February, the UK will begin FTA negotiations and trade negotiations with other countries, and headlines regarding these negotiations and any progress could cause the pound to move significantly. So I think speeches related to this could be a focal point this week. As I said at the very beginning, I believe the biggest market movement will come from risk-off related to the coronavirus and other risks, so I will keep a close eye on that, while paying attention to economic indicators and key speeches and trade accordingly.
Well then, let's do our best this week as well. This was Okay-chan Man.
