Major Economic Indicators and Market Trends: Investors are gearing up for a week with significant economic events expected
to impact global financial markets.
This week’s highlights include trade balance data, price indices, and GDP reports from major economies.
This article delves into the most anticipated data releases and analyzes key market movements,
including the U.S. dollar, oil, EUR/USD, U.S. stock indices, and NVIDIA’s stock performance.
Content
Economic Calendar
Economic Calendar
Monday, January 13, 2025
Trade Balance (December) – China – 18:39
Tuesday, January 14, 2025
Producer Price Index (YoY) (December) – United States – 16:30
Producer Price Index (MoM) (December) – United States – 16:30
Wednesday, January 15, 2025
Consumer Price Index (YoY) (December) – United Kingdom – 10:00
Core Consumer Price Index (Excluding Food and Energy) (MoM) (December) – United States – 16:30
Consumer Price Index (MoM) (December) – United States – 16:30
Consumer Price Index (YoY) (December) – United States – 16:30
Thursday, January 16, 2025
GDP (MoM) (November) – United Kingdom – 10:00
German Consumer Price Index (MoM) (December)- Germany – 10:00
Core Retail Sales (MoM) (December) – United States – 16:30
Unemployment Claims – United States – 16:30
Retail Sales (MoM) (December) – United States – 16:30
Friday, January 17, 2025
GDP (YoY) (Q4) – China – 05:00
Retail Sales (YoY) (December) – China – 05:00
US Dollar Index
The US Dollar Index continues its strong rally, driven by last week’s positive US labor market data.
It showed higher-than-expected job additions and a decline in the % unemployment rate to 4.1%.
This supports the Federal Reserve in slowing the interest rate cuts this year,
pushing the Index to rise to 109.64.
Expectations suggest further increases, targeting levels of 111.
Oil
Oil prices maintain a strong upward trend,
supported by expectations of improved global economic growth this year and optimism about the Chinese economy,
which is expected to boost oil demand.
Oil is trading around 76.54, with forecasts pointing to continued gains targeting 78.2.
A corrective wave to retest 76.2 could occur before resuming the uptrend.
EURUSD
The EUR/USD pair continues its strong downward trend amid the dollar’s strength and the euro’s weakness.
The pair is trading around 1.0293, rebounding from key support at 1.0218.
This level is expected to prompt a corrective rally to 1.0331.
However, if this support is broken directly, the decline could continue, targeting 1.0150.
Nasdaq
The Nasdaq index experienced a downward trend last Friday following the release of positive US labor market data,
supporting the Federal Reserve’s decision to maintain high interest rates for longer.
This has negatively impacted US stock markets.
The Nasdaq reached 20,847 and is expected to continue declining to the next support level of 20,310.
However, if it closes above 20,909, it could initiate an upward wave toward 21,832.
Nvidia Stock
Nvidia stock trades around 135.9, reflecting the negative impact of last Friday’s US market decline.
However, investors remain optimistic about the stock in the medium term,
citing the company’s resilience and adaptability.
The stock could find support at 133.77, which may trigger a new upward wave targeting 144 and 152.
If the price breaks below 133.77, the downward trend may extend to the demand zone at 127.33.
Major Economic Indicators and Market Trends
