Light Week Ahead, US Consumer Data in Focus.
This article is originally referred from FXPrimus News.
Check out the important market indicators of the week!
This Week’s Indicators
Markets ended marginally higher last week following a bad NFP report and expectations for monetary tightening.
POUND ended higher while investors anticipated new Brexit developments and EURO closed unchanged after a rejection at $1.2088.
This week starts on a light footing on the economic calendar and slightly noiselessly today as Japanese markets are closed for holiday.
January 8th, Monday
BoS House Price Index and BoC Business Outlook Survey eyed.
There are a couple economic indicators worth looking into today while the Japanese markets are closed in observance of Coming-of-Age Day.
The Bank of Scotland is due to release its monthly House Price Index at 08:30 while at 15:30 the Bank of Canada is due to deliver its quarterly Business Outlook Survey.
January 9th, Tuesday
A busy session on the release front yet quiet on the volatility side as reports of minor impact.
The most note-worthy reports on the economic calendar will be Australia’s building approvals, Germany’s Industrial Production and Trade Balance and Eurozone’s Unemployment Rate at 00:30, 07:00 and 10:00 respectively.
January 10th, Wednesday
Chinese inflation and GB Manufacturing Production on the spotlight. Following a worse than expected release in December, economists anticipate Chinese inflation will come out better in January’s release.
In Europe, The Office of National Statistics is scheduled to report its monthly Factory Production at 09:30 while in America, Statistics Canada and BLS will publish their monthly Building Permits and Import Prices at 13:30 GMT.
EIA will follow with the weekly Crude Inventories report at 15:30.
January 11th, Thursday
AU Consumer Spending and US Consumer Inflation data to move respective markets.
Australia will kick start the session with its monthly Retails Sales report at 00:30 and while other reports are due, the next daily major release is the US PPI report at 13:30 GMT.
At the same time US will release its weekly Unemployment Claims.
Later in the session, at 20:30 Fed President Bill Dudley will speak about the US economic outlook at the Securities Industry and Financial Markets Association.
January 12th, Friday
US Inflation and Consumer Spending weekly highlights.
The closing of the week will be highlighted by the US CPI and Retail Sales reports at 13:30.
With the Core releases due concurrently, US cross pairs are likely to offer many opportunities during the last day of the week.
Original Source: FXPrimus News