Here is what you need to know about the important news between February 13th, 2023, and February 17th, 2023, where we take a look at the economic data, market news and headlines likely to have the biggest impact on the market prices this week and beyond, as well as the US Dollar, and other key correlated assets.
U.S. dollar index
US Dollar Index stays defensive after two-week uptrend with market participants look ahead to US CPI data on Tuesday. Both headline and core inflation have shown encouraging disinflationary momentum and markets rejoiced on the mere mention of this in the FOMC statement.
Gold
Gold declined to near one-month lows, as traders awaited more cues on the U.S. economy from key inflation data due this week. The prospects for further policy tightening by the Federal Reserve (Fed) continue to underpin the US Dollar and act as a headwind for Gold.
Oil.
“Crude prices are softening as energy traders anticipate a potentially weakening crude demand outlook as a pivotal inflation report could force the Fed to tighten policy much more aggressively,” said Edward Moya, senior analyst at OANDA, referring to U.S. consumer price data due on Feb. 14.
Stocks
Ahead in the week, market participants will be closely monitoring January’s CPI and PPI index, retail sales, industrial production, business inventories and permits, housing starts, Philadelphia Fed manufacturing index as well import and export prices. Investors will also be paying attention to speeches from Logan, Bowman, Williams, Harker, Bullard, and Mester.
On the earnings front, major companies including Coca-Cola Co,Cisco Systems Inc, Paramount Group Inc ,and Deere & Company, are set to report results throughout the week.
Economic calendar most important releases – All times are GMT
Tuesday, February 14, 2023
07:00 GBP Claimant Count Change
13:30 USD CPI m/m
13:30 USD CPI y/y
13:30 USD Core CPI m/m
Wednesday, February 15, 2023
01:00 AUD RBA Gov Lowe Speaks
07:00 GBP CPI y/y
13:30 USD Core Retail Sales m/m
13:30 USD Empire State Manufacturing Index
13:30 USD Retail Sales m/m
14:00 EUR ECB President Lagarde Speaks
Thursday, February 16, 2023
00:30 AUD Employment Change
00:30 AUD Unemployment Rate
13:30 USD Core PPI m/m
13:30 USD PPI m/m
22:30 AUD RBA Gov Lowe Speaks
Friday, February 17, 2023
07:00 GBP Retail Sales m/m
Thanks for reading! Have a great week! 
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