Kshitij Consultancy Services
Economic Calendar


Lower Crude suggests global growth to slow in 2020

The YoY (%) change in Crude is well correlated with global growth. Market consensus is for global growth to pick up in 2020 and 2021. But we expect Crude to dip further in 2020. As such the growth projections are likely to be revised lower which in turn can result in a strong sell-off in the global equities post March 2020.
FEBRUARY - 2020
DATE TIME ECONOMIC DATA UNIT EXPECTATIONS PREV ACTUAL
  GMT IST     KSHITIJ MARKET    
  1:30 7:00 JP PMI Index 48.1 49.3 49.3 48.8
  3:15 8:45 CN PMI Index - 51.0 51.5 51.1
  7:30 13:00 CH PMI Index 49.2 50.3 50.2 47.8
  9:00 14:30 EU PMI Index - 47.8 47.8 47.9
  14:00 19:30 US Manufacturing ISM Index 47.5 48.5 47.2 50.9
  14:00 19:30 CA PMI   - - 50.4 50.6
  10:00 15:30 EU Retail Sales % -0.4 -0.5 0.8 -1.6
  13:30 19:00 US Trade Balance $ Bln -45.9 -47.4 -43.7 -48.9
6-Feb-20 0:30 6:00 Australia Trade Balance A$ Bln - 5.60 5.52 5.22
13-Feb-20 13:30 19:00 US Core CPI (MoM) % - 0.2 0.1 0.2
  13:30 19:00 US CPI (MoM) % 0.1 0.2 0.2 0.2
14-Feb-20 6:30 12:00 IN WPI % 3.06 2.92 2.59 3.10
  10:00 15:30 EU Trade Bal EUR Bln - 19.1 19.1 22.2
  12:30 18:00 IN Trade bal $ Bln -11.5 -11.6 -11.3 -15.2
  13:30 19:00 US Retail Sales (MoM) % 0.3 0.3 0.0 0.1
  14:15 19:45 US Industrial Production % -0.3 -0.2 -0.5 -0.3
  14:15 19:45 US Capacity Utilization % 76.9 76.9 77.1 76.8
17-Feb-20 23:50 5:20 JP GDP % - -1.0% 0.5% -1.6%
18-Feb-20 9:30 15:00 UK Unemp % 3.8 3.8 3.8 3.8
  21:00 2:30 US TICS (Net foreign purch of long-term Sec) $ Bln - - 22.9 -
19-Feb-20 9:30 15:00 UK CPI Y/Y % 1.8 1.7 1.3 -
  13:30 19:00 US PPI ex Food & Energy (MoM) % 0.2 0.2 0.1 -
  13:30 19:00 US PPI % 0.0 0.1 0.1 -
  13:30 19:00 US Housing Starts K 1626 1400 1608 -
  13:30 19:00 CA Inflation Y/Y % 2.2 2.2 2.2 -
20-Feb-20 1:30 7:00 Australia Labour Force K - 10.0 28.9 -
  13:30 19:00 US Philifed Index   - 10.1 17.0 -
21-Feb-20 23:50 5:20 JP CPI   - 0.7 0.8 -
  10:00 15:30 EU CPI (YoY) % 2.0 1.4 1.3 -
  15:00 20:30 US Existing Home Sales K 5503 5480 5540 -
FEBRUARY - 2020
      Expectations    
22:30 4:00 AU PMI Index 48.8 - 48.3 45.4
1:30 7:00 JP PMI Index 48.1 49.3 49.3 48.8
3:15 8:45 CN PMI Index - 51.0 51.5 51.1
5:00 10:30 IN Manf PMI Index 52.7 52.8 52.7 55.3
7:30 13:00 CH PMI Index 49.2 50.3 50.2 47.8
9:00 14:30 EU PMI Index - 47.8 47.8 47.9
9:30 15:00 UK PMI Index 48.9 49.8 49.8 50.0
14:00 19:30 US Manf ISM Index 47.5 48.5 47.2 50.9
14:00 19:30 CA PMI   - - 50.4 50.6
GMT IST 4-Feb-20   Kshitij Market Prev Actual
3:30 9:00 RBA Meeting % - 0.75 0.75 0.75
GMT IST 5-Feb-20   Kshitij Market Prev Actual
5:00 10:30 IN Services PMI Index 54.2 52.4 53.3 55.5
10:00 15:30 EU Retail Sales % -0.4 -0.5 0.8 -1.6
13:15 18:45 US ADP Emp K 186 150 199 291
13:30 19:00 US Trade Balance $ Bln -45.9 -47.4 -43.7 -48.9
GMT IST 6-Feb-20   Kshitij Market Prev Actual
0:30 6:00 Au Trade Bal A$ Bln - 5.60 5.52 5.22
6:15 11:45 RBI Repo Rate % - 5.15 5.15 5.15
6:15 11:45 RBI Rev Repo Rate % - 4.90 4.90 4.90
6:15 11:45 RBI MSF % - - 5.40 5.40
GMT IST 7-Feb-20   Kshitij Market Prev Actual
13:30 19:00 US NFP K 627 160 147 225
13:30 19:00 US Unemp Rate % - 3.5 3.5 3.6
13:30 19:00 US Avg Hrly Earn   0.3 0.3 0.1 0.3
13:30 19:00 US Average Hourly Earnings Production & Non Supervisory Employees % - - 0.1 0.1
13:30 19:00 CA Labour Force K - 16.3 35.2 34.5
GMT IST 14-Feb-20   Kshitij Market Prev Actual
6:30 12:00 IN WPI % 3.06 2.92 2.59 3.10
10:00 15:30 EU Trade Bal EUR Bln - 19.1 19.1 22.2
12:30 18:00 IN Trade bal $ Bln -11.5 -11.6 -11.3 -15.2
13:30 19:00 US Retail Sales (MoM) % 0.3 0.3 0.0 0.1
14:15 19:45 US Industrial Production % -0.3 -0.2 -0.5 -0.3
14:15 19:45 US Capacity Utilization % 76.9 76.9 77.1 76.8
GMT IST 17-Feb-20   Kshitij Market Prev Actual
23:50 5:20 JP GDP % - -1.0% 0.5% -1.6%
GMT IST 18-Feb-20   Kshitij Market Prev Actual
9:30 15:00 UK Unemp % 3.8 3.8 3.8 3.8
21:00 2:30 US TICS $ Bln - - 22.9 -
GMT IST 19-Feb-20   Kshitij Market Prev Actual
9:30 15:00 UK CPI Y/Y % 1.8 1.7 1.3 -
13:30 19:00 US PPI ex Food & Energy (MoM) % 0.2 0.2 0.1 -
13:30 19:00 US PPI % 0.0 0.1 0.1 -
13:30 19:00 US Housing Starts K 1626 1400 1608 -
13:30 19:00 CA Inflation Y/Y % 2.2 2.2 2.2 -
GMT IST 20-Feb-20   Kshitij Market Prev Actual
1:30 7:00 Australia Labour Force K - 10.0 28.9 -
13:30 19:00 US Philifed Index   - 10.1 17.0 -
GMT IST 21-Feb-20   Kshitij Market Prev Actual
23:50 5:20 JP CPI   - 0.7 0.8 -
10:00 15:30 EU CPI (YoY) % 2.0 1.4 1.3 -
15:00 20:30 US Existing Home Sales K 5503 5480 5540 -
               
               
Shyam Group of Companies

Kshitij is the only advisor that has taken a firm stand on the market at various times and at the same time they have always been willing to accept their mistakes gracefully.
SHRI MURLI SARAF
Shyam Group of Companies
Bengaluru
Marico Ltd.

We are privileged to be associated with Kshitij as our Forex Advisor. Their valuable advice has helped Marico to redefine its forex management policies. We look forward to a long and rewarding association with them.
MR RAVIN MODY
Marico Ltd.
Mumbai
Lupin Ltd.

Forex reports by KSHITIJ.COM are based on dedicated and in depth analysis of various economic and financial parameters. Hence the judgement, quality, probability and reliability of these forex risk management views are quite high.
MR SURESH CHETTIAR
Lupin Ltd.
Mumbai
Feb'20 Monthly Forecast
WHAT'S NEW?
Feb'20 Monthly Forecast
Our Feb'20 Monthly Forecast is now available. To order a PAID copy, please click here and take a trial of our service.
Jan'20 EURUSD Report
WHAT'S NEW?
Jan'20 EURUSD Report
The Euro has been stuck in a narrow range for more than two months now. Will it continue to remain sideways or will it break this range on either side? ... Read More
Dec'19 USDJPY Report
WHAT'S NEW?
Dec'19 USDJPY Report
Rising Gold and Nikkei, weaker Dollar Index and mixed signals from other important factors have been keeping Dollar-Yen ranged for the last one month. Keeping possibilities of the sideways range to continue, we examine chances of a sharper move that could come in the 1st quarter of 2020 in our Dec'19 report. ... Read More
Feb'20 Calendar Wallpaper
WHAT'S NEW?

Feb'20 Calendar Wallpaper
The YoY (%) change in Crude is well correlated with global growth. Market consensus is for global growth to pick up in 2020 and 2021. ....... Download Feb'20 Wallpaper
Jan'20 Crude Oil Report
WHAT'S NEW?
Jan'20 Crude Oil Report
In the Jan'20 Crude report we look Crude price movement by itself on the technical charts to see the movement that looks possible for 2020. ... Read More
Jan'20 US Treasury Report
WHAT'S NEW?
Jan'20 US Treasury Report
The US Treasury yields have started to bounce after having fallen sharply over the last one month. Can the yields sustain this bounce or will it reverse lower again? ... Read More
Indian Rupee Market | Long-term Forecasts | Economic Calendar | Graph Gallery | Colour of Money | Free Data | Testimonials | About Us | Site Map
Copyright © 2020 Kshitij. All Rights Reserved.
Login
; -->