B1 Intermediate UK 946 Folder Collection
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Welcome to the Investors Trading Academy economic calendar of the week. Each week our news analysts
review the upcoming economic events that you should be monitoring during the next week.
This week traders should be closely monitoring the situation in Greece as the EU holds a
special meeting on Wednesday to discuss the Greek bailout. Eurozone finance ministers
will discuss how to proceed with financial support for Athens at a special session next
Wednesday ahead of the first summit of EU leaders with New Greek Prime Minister Alexis
Tsipras the following day. Ministers said no progress was made at a meeting
of senior finance ministry officials in Brussels on Thursday because Greece and its Eurozone
partners were so far apart. “It was Greece against all others, basically one versus 18,”
one official said. Athens’s partners broadly lined up in support of a hardline German document
rejecting any rollback of reforms or commitments made by previous Greek governments.
News headlines and speeches this week should keep euro traders on edge. The US dollar rallied
on Friday after the better than expected jobs data. On Friday after the release of the NFP
comments from Fed members gave indications that the committee might raise interest rates
sooner than expected. Conditions are likely to come together that will allow the Federal
Reserve to hike short-term interest rates anytime "from June on," said Dennis Lockhart,
the president of the Atlanta Fed, on Friday. Comments and speeches this week from Fed members
is also likely to keep markets volatile. Otherwise the main focus will be on the Bank
of England's Inflation Report for February, which at least a couple of economists have
warned might surprise markets with a slightly more hawkish tone than expected.
In the US, the most important indicators scheduled for release are Thursday's retail sales report
for January, followed by the preliminary reading on US consumer sentiment from the University
of Michigan on Friday. Lastly, data on the Eurozone's gross domestic
product on Friday is expected to show that the single currency area's economy expanded
at a 0.3% quarter-on-quarter clip in the fourth quarter of 2014.
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Economic Calendar of The Week - February 9-13, 2015

946 Folder Collection
Daniel published on February 9, 2015
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