Market Insights Podcast – FOMC, BOE, and US NFP to stand out in this busy week

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this pivotal week’s key economic data and events which may trigger higher volatile movements in the global markets due to the anticipation of market participants’ dovish expectations on the forward guidance from the Fed and Bank of England due on Wednesday (31 January), and Thursday (1 February). Also, keep a lookout for the potential negative ramifications of China Evergrande Group’s liquidation order by a Hong Kong court, a major property developer in China.

To round up the week, we will have the key US non-farm payroll jobs data out on Friday (2 February). After a surprise rosy print for December (+216K jobs added), the consensus has toned down to +180K for January, and if the jobs number surprises to the upside again with a print of +200K & above, it is likely to reduce the odds significantly for the initial highly anticipated first Fed funds rate cut to occur on the March FOMC meeting.

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