January 7 - January 12, 2024 Economic report and policy meetings
January 7
Euro-Zone: Germany: Balance of Trade – November, Exports (MoM) – November
Switzerland: Inflation Rate (YoY) – December, Retail Sales (YoY) – November
January 8
Australia: Building Permits (MoM) Preliminary – November, Retail Sales (MoM) Preliminary – November
Brazil: Brazilian Central Bank (BCB) Focus Market Readout
Euro-Zone: Consumer Confidence Final – December, Economic Sentiment – December, Industrial Sentiment – December, Retail Sales (YoY) – November, France: Balance of Trade - November
Japan: Household Spending (YoY) – November
Mexico: Consumer Confidence – December
Philippines: Unemployment Rate – November
Switzerland: Unemployment Rate – December
U.K.: British Retail Consortium (BRC) Retail Sales Monitor (YoY) - December
U.S.: Consumer Credit Change – November, Federal Reserve’s Bostic Speech
January 9
Australia: Monthly CPI Indicator – November
Canada: Balance of Trade – November, Building Permits (MoM) – November
Euro-Zone: Unemployment Rate – November, Italy: Unemployment Rate – November, France: Industrial Production (MoM) – November, ECB Villeroy de Galhau Speech
Mexico: Inflation Rate (YoY) – December, Core Inflation Rate (MoM) - December
Poland: Interest Rate Decision - January
South Korea: Unemployment Rate - December
U.S.: NFIB Business Optimism Index – December, Balance of Trade – November, Exports – November, Imports – November, RCM/TIPP Economic Optimism Index – January, Federal Reserve’s Barr Speech
January 10
Australia: Balance of Trade - November
China: New Yuan Loans – December
Euro-Zone: ECB Guindos Speech, Italy: Retail Sales (MoM) – November, Germany: 10-Year Bund Auction
Japan: Coincident Index Preliminary – November, Leading Economic Index Preliminary – November
New Zealand: Building Permits (MoM) – November
South Korea: Interest Rate Decision
U.K.: Bank of England Governor Bailey Speech
U.S.: Wholesale Inventories (MoM) – November, MBA 30-Year Mortgage Rate (January 5), MBA Survey Indexes - Mortgage Market Index, Mortgage Applications (January 5), Mortgage Market Change, Mortgage Refinance Index, Refinancing Change, MBA Mortgage Approvals (January 5), Department of Energy (DOE) U.S. Crude Oil Inventories (January 5), DOE Cushing OK Crude Inventory (January 5), DOE U.S. Gasoline Inventories (January 5), DOE U.S. Distillate Inventory (January 5), DOE U.S. Refinery Utilization (January 5), DOE Crude Oil Implied Demand (January 5), Gasoline Implied Demand (January 5), Distillate Implied Demand (January 5), API Crude Oil Stock Change (January 5), EIA Natural Gas Stocks Change – January 5, Federal Reserve’s Williams Speech
January 11
Australia: Home Loans (MoM) – November, Investment Lending for Homes - November
Brazil: Inflation Rate (MoM) – December, Inflation Rate (YoY) – December
China: Inflation Rate (YoY) – December, Inflation Rate (MoM) – December, PPI (YoY) – December, Balance of Trade – December
Euro-Zone: ECB Economic Bulletin, Italy: Industrial Production (YoY) – November, Industrial Production (YoY) – November, France: Inflation Rate (MoM) Final – December, Inflation Rate (YoY) Final – December
Japan: Bank Lending (YoY) – December, Foreign Bond Investment – December 30, Foreign Bond Investment – January 6, Economy Watchers Survey Current – December, Economy Watchers Survey Outlook - December
Mexico: Industrial Production (YoY) – November
U.K.: GDP 3-Month Average – November, GDP (YoY) – November, Balance of Trade – November, Construction Output (YoY) – November, GDP (MoM) – November, Goods Trade Balance – November, Goods Trade Balance Non-EU – November, Industrial Production (YoY) – November, Manufacturing Production (YoY) – November
U.S.: inflation Rate (YoY) – December, Core Inflation Rate (YoY) – December, Core Inflation Rate (MoM) – December, CPI – December, CPI s.a. – December, Inflation Rate (MoM) – December, Continuing Jobless Claims – December 30, Initial Jobless Claims – January 6, Monthly Budget Statement – December, Federal Reserve’s Barkin Speech
The Bureau of Labor Statistics releases the consumer price index for December. Consensus estimate if for the COI to increase 3.2% year over year, one-tenth of a percentage point more than in November. The core CPI, which excludes volatile food and energy prices, is expected to rise 3.8% compared with a 4% gain previously. The annualized change in the CPI it near its lowest level since March of2021, which Wall Street thinks will allow the Federal Open Market Committee to start cutting the federal-funds rate as soon as March.
January 12
India: Industrial Production (YoY) – November, Inflation Rate (YoY) – December, Manufacturing Production (YoY) – November
Russia: Inflation Rate (MoM) – December, Inflation Rate (YoY) – December
U.K.: NIESR Monthly GDP Tracker – December
U.S: PPI (MoM) – December, Federal Reserve’s Kashkari Speech, WASDE Report, Baker Hughes U.S. Rig Count – 12
The BLS releases the producer price index for December. Economists forecast a 1.3% year-over-year rise in the PPI, and a 1.9% increase for the core PPI. This compares with gains of 0.9% and 2.0%, respectively, in November.
Bold denotes likely market-moving newsflash which traders consider significant to foreign exchange levels or otherwise important/noteworthy information, i.e., market holiday’s which will affect standard settlement dates.
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