Core Durable Goods Orders will be Published Today by the US

Market analysts, investors and traders will be eagerly waiting for the release of the Core Durable Goods Order which will be done today at 13:30 GMT. The crucial economic data from the business sector will be published by the Census Bureau of the US. Traders who are trading in the US dollar quotes are advised to make a note of the changes in the readings of the indicator that indicates the value of orders received by durable goods manufacturers of a certain month compared to the previous months. Top economists have forecasted it to be 0.0%, when the figure released on 26th Jan 2023 at 13:30 GMT was found to be -0.1%.

Moreover, when there is a rise in the values of the indicator, it will have a favourable impact on the American currency. Henceforth, the traders who are trading in the US dollar quotes and those related to the business sector of the market are highly recommended to be alert during the release of Core Durable Goods Orders, as it is considered high-importance economic news coming from the market this week.

US to Release the Pending Home Sales

The National Association of Realtors will be unveiling the Pending Home Sales today at 15:00 GMT. The release from the housing sector of the market is considered to be high-importance economic news coming this week. Therefore, market participants who are related to the same sector and those trading in the US dollar quotes are suggested to keep an eye on the changes in the readings of the indicator. It is said so as the indicator would represent the number of home sales contracts signed during a certain period.

If there is a drop in the figure, it will have an unfavourable impact on the values of the dollar quotes. When the Pending Home Sales was announced on 27th Jan 2023 at 15:00 GMT, it stood at 2.5%. However now, financial experts are anticipating it to be 0.0%.

Deputy Governor of the Bank of England to Deliver Speech

Market participants who are trading in pound sterling are recommended to closely observe the speech delivered by Ben Broadbent, the Deputy Governor of the Bank of England today at 09:00 GMT. In the speech, he will be speaking about the latest updates in the monetary policy of the United Kingdom. It will be making the market volatile for at least a short time.

Japan will be Announcing its Retail Sales

The high-importance economic news about the release of Retail Sales of Japan will be done on 27th Feb 2023 at 23:50 GMT by the Ministry of Economy, Trade and Industry. Market participants who are trading in Japanese Yen and associated with the consumer sector of the market are suggested to be alert during the release of the indicator, as it determines consumer spending that very much says the national inflation experienced in the country. Financial experts have expected it to be -0.2%. Meanwhile, when the Retail Sales were announced on 30th Jan 2023, they stood at 1.1%. If there is a drop in the readings of the index, it will have a negative impact on the currency.