{"id":38968,"date":"2021-02-01T08:58:15","date_gmt":"2021-02-01T08:58:15","guid":{"rendered":"https:\/\/errante.com\/newsroom\/the-week-ahead-1st-5th-february-2021\/"},"modified":"2021-02-01T08:58:15","modified_gmt":"2021-02-01T08:58:15","slug":"the-week-ahead-1st-5th-february-2021","status":"publish","type":"post","link":"https:\/\/errante.com\/id\/newsroom\/the-week-ahead-1st-5th-february-2021\/","title":{"rendered":"The Week Ahead: 1st \u2013 5th February 2021"},"content":{"rendered":"\n

Overview for the Week Ahead<\/strong><\/h2>\n\n\n\n

Vaccination rates and availability of vaccines will be key areas of interest across the globe as we kick off a new month. <\/p>\n\n\n\n

The market\u2019s preferred Caixin manufacturing PMI on Monday set the tone coming in lower than expected at 51.5<\/a> which is the lowest level since July 2020.  On Wednesday, the services PMI will also draw interest as the markets look for a pickup in private sector activity.  <\/p>\n\n\n\n

Following the recent spike in new COVID-19 cases, expect COVID-19 updates from China to affect the markets. <\/p>\n\n\n\n

The Chinese Yuan ended the week down up 0.83% to CNY6.4283<\/a> against the U.S Dollar. <\/p>\n\n\n\n

For Japan on the other hand, it is a relatively quiet week ahead. Finalized private sector PMIs for January are due out ahead of household spending figures on Friday. <\/p>\n\n\n\n

The\u202fJapanese Yen\u202fended the week up by 0.87% to \u00a5104.68<\/a> against the U.S Dollar. <\/p>\n\n\n\n

For Australia, January manufacturing sector stats get the week going on Monday ahead of trade and retail sales figures on Thursday and Friday. While we can expect the stats to influence, the RBA monetary policy decision will also draw attention on Tuesday. <\/p>\n\n\n\n

The\u202fAussie Dollar\u202fended the week down by 0.92% to $0.7644<\/a>. <\/p>\n\n\n\n

For the U.S., it\u2019s another busy week ahead. <\/p>\n\n\n\n

On Monday, the ISM Manufacturing PMI for January will be in focus ahead. There would have to be a marked decline, however for the PMI to weigh on risk sentiment. <\/p>\n\n\n\n

The focus will then shift to the market\u2019s preferred ISM Non-manufacturing PMI and ADP nonfarm employment figures due out on Wednesday. <\/p>\n\n\n\n

While we will expect the ADP numbers to influence, the non-manufacturing PMI will likely be the key driver. <\/p>\n\n\n\n

On Thursday, the weekly jobless claims figures will be in focus ahead of nonfarm payroll and unemployment numbers on Friday. <\/p>\n\n\n\n

The Dollar Spot Index ended the week up by 0.38% to 90.584<\/a>. <\/p>\n\n\n\n

For Europe, Germany, France, Spain and Italy all have releases this week. The focus will then shift to the ECB Economic Bulletin on Thursday German factory orders on Friday. <\/p>\n\n\n\n

The\u202fEUR\u202fended the week down by 0.29% to $1.3708<\/a>. <\/p>\n\n\n\n

For the U.K. this week, Key stats include finalized private sector PMI figures for January and January\u2019s construction PMI.  On Thursday, however, the main event will be the BoE\u2019s first monetary policy decision of the year. <\/p>\n\n\n\n

The\u202fPound\u202fended the week up by 0.16% to\u00a0$1.3708<\/a>.\u00a0<\/p>\n\n\n\n

This Week\u2019s\u00a0High Impact Events<\/strong>\u00a0<\/h2>\n\n\n\n

The times below are GMT+2.\u00a0<\/p>\n\n\n\n

Monda<\/strong>y<\/strong> <\/strong>1<\/strong>st<\/sup><\/strong> February<\/strong> <\/p>\n\n\n\n