American FX Outlook: US budget set to swing to surplus in January

Mario Blascak, PhD Independent Analyst

What you need to know before markets open:

The most important driver of the week ahead in the US will be Wednesday’s inflation and retail sales reports.
The third week of February though starts on a light mode with only US budget balance out.

Monday’s market moving events

British Prime Minister Theresa May to set out “Road to Brexit” in speech with no particular day scheduled.
The US monthly budget statement is set to report a surplus of $108.8 billion in January.
The RBA Governor assistant Luci Ellis is scheduled to speak about the economic outlook at the Australian Business Economists Forecasting Conference, in Sydney at 21:50 GMT.

Major market movers

The US Dollar eased slightly from the last week’s highs as global equity markets stabilized on Monday and the economic calendar remained empty of an important event.

Earlier in Asia/Europe

Swiss CPI fell -0.1% m/m in January while decelerating to 0.7% over the year.
Global equity markets stabilized on Monday with Japan off and European equity indices up more than 1%.

Author

Mario Blascak, PhD

Independent Analyst

Dr. Mário Bla&scaron;čák worked in professional finance and banking for 15 years before moving to journalism. While working for Austrian and German banks, he specialized in covering markets and macroeconomics.

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