GfK German Consumer Climate. Germany, 09:00 (GMT+2) 27 Jan

27Jan.202208:00

GfK German Consumer Climate. Germany, 09:00 (GMT+2)

At 09:00 (GMT+2) in Germany, February data on the consumer climate index (Gfk) will be published. The indicator assesses the degree of confidence in the economy's strength and is a leading indicator for household spending. The index is expected to correct from –6.8 to –7.8 points. Implementation of the forecast may put pressure on the euro.

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27 Jan. 2022 08:00

Trade balance. Switzerland, 09:00 (GMT+2)

At 09:00 (GMT+2), data on the trade balance in Switzerland for December will be published. This indicator captures the difference between the payments for exported and imported goods. Its increase is a positive factor for the Swiss currency. The balance is expected to decrease from 6.161B to 5.230B francs. Implementation of the forecast may affect the national currency negatively.

27 Jan. 2022 14:30

Initial Jobless Claims. USA, 15:30 (GMT+2)

At 15:30 (GMT+2), weekly data on the number of initial jobless claims in the US will be released. The indicator measures the number of people who filed for unemployment benefits for the first time during the past week. This data is collected by the Department of Labor and published in a weekly report. The number of applications for benefits is used to measure the state of the labor market since an increase means that fewer people are being hired. The indicator is expected to decrease from 286K to 260K, which may support the national currency.

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