Economic Calendar (29 Jan 2024) - Fed's interest rate decision in this coming week

KYHBKO
01-28

Public Holidays

There are no public holidays for Singapore, Hong Kong, the USA and China in the coming week.

Economic Calendar (29 Jan 2024)

Notable Highlights

  • Fed interest rate decision. This is the most-watched announcement in the coming week. The market is looking forward to rate cuts but the Fed has to weigh between

  • PMI. S&P Global US Manufacturing PMI, ISM Manufacturing PMI, and Chicago PMI help shed light on the demand for goods and services (from the manufacturer’s point of view). China’s PMI data can be seen as a reference for global demand and production.

  • Jobs. JOLTs job openings reveal the number of jobs available in the market. ADP nonfarm employment and Non-farm payrolls change sheds light on non-farm employment.

  • CB Consumer Confidence. This will reveal consumer sentiments. A higher-than-forecast data is bullish for the market.

  • Initial Jobless Claims - This reflects the impact of unemployment, a data point for the Fed’s interest rate decision. The unemployment rate will also reveal the job and jobless situation in the USA.

  • Crude Oil Inventories can be seen as forward indicators of market demand and consumption. If the trend of excess inventories continues, this is demand erosion that can lead to reduced production & weakening consumer spending.

@TigerStars

$S&P 500(.SPX)$

Will S&P 500 Hit 5000?
S&P 500 hit historic highs again to 4900, extending last week's upward trend. ---------------------- Will S&P 500 hit 5000? Will the gains concentrated in tech and semiconductors rotate to other sectors? Would you choose to sell covered calls to protect your positions?
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Comments

  • MarsBloom
    01-28
    MarsBloom
    This is going to be a game-changer! 🚀
    • KYHBKO: 
      yes. there is a chance
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