January 4 – January 9, 2026 Economic report and policy meetings
Sunday, January 4
China: RatingDog Composite PMI– Dec, RatingDog Services PMI – Dec
Japan: S&P Global Manufacturing PMI Final – Dec
U.S.: Fed Kashkari Speech
Monday, January 5
Australia: S&P Global Composite PMI Final – Dec, S&P Global Composite PMI Services – Dec
Brazil: Balance of Trade – Dec
Euro-Zone:
Spain: Unemployment Change – Dec
Singapore: Retail Sales (MoM & YoY) – Nov, S&P Global PMI – Dec
Switzerland: Retail Sales (MoM & YoY) – Nov, procure.ch Manufacturing PMI – Dec
U.K.: BoE Consumer Credit – Nov, Mortgage Approvals – Nov, Mortgage Lending – Nov, M4 Money Supply (MoM) – Nov, BRC Shop Price Inflation – Dec
U.S.: I SM Manufacturing PMI – Dec, ISM Manufacturing Employment – Dec, ISM Manufacturing New Orders – Dec, ISM Manufacturing Prices – Dec, Total Vehicle Sales – Dec, 3-Month Bill Auction, 6-Month Bill Auction
Today’s ISM data was a miss coming in at 47.9 while expectations were at 48.4. The Services PMI, however, which is due for release Wednesday is expected to show a 52.2 reading. This compares with readings of 48.2 (on Manufacturing) and 52.6, respectively, in November.
Tuesday, January 6
Australia: Building Permits (MoM) Prel – Nov, Inflation Rate (MoM & YoY) – Nov, RBA Trimmed Mean CPI (MoM & YoY) – Nov, CPI – Nov
Brazil: S&P Global Composite PMI Final – Dec, S&P Global Composite PMI Services – Dec, IPC-Fipe Inflation (MoM) – Dec
Canada: S&P Global Composite PMI Final – Dec, S&P Global Composite PMI Services – Dec
Euro-Zone: HCOB Composite PMI final – Dec, HCOB Services PMI Final- Dec, ECB Cipollone Speech
France: Inflation Rate (MoM & YoY) Prel – Dec, Harmonized Inflation Rate (MoM & YoY) Prel – Dec, HCOB Composite PMI final – Dec, HCOB Services PMI Final- Dec
Germany: HCOB Composite PMI final – Dec, HCOB Services PMI Final- Dec
Spain: HCOB Composite PMI final – Dec, HCOB Services PMI Final- Dec
Italy: HCOB Composite PMI final – Dec, HCOB Services PMI Final- Dec, Inflation Rate (MoM & YoY) Prel – Dec, Harmonized Inflation Rate (MoM & YoY) Prel – Dec
Japan: S&P Global Composite PMI Final – Dec, S&P Global Composite PMI Services – Dec, BoJ JGB Purchase,
Mexico: Consumer Confidence – Dec
South Africa: S&P Global PMI – Dec
U.K.: New Car Sales (YoY) – Dec, S&P Global Composite PMI Final – Dec, S&P Global Composite PMI Services – Dec, DMP 1Y CPI expectations – Dec, DMP 3M output Price Expectations – Dec
U.S.: LMI Logistics Managers Index – Dec, Redbook (YoY) – Jan/3, NY Fed Bill Purchases 1-4 months, S&P Global Composite PMI Final – Dec, S&P Global Composite PMI Services – Dec, API Crude Oil Stock Change – Jan/2, Fed Barkin Speech
Wednesday, January 7
Australia: Balance of Trade – Nov, Exports (MoM) – Nov, Imports (MoM) – Nov
Canada: Ivey PMI s.a. – Dec
Euro-Zone: HCOB Construction PMI– Dec, Inflation Rate (MoM & YoY) Flash – Dec, Core Inflation Rate (YoY) – Flash – Dec, CPI Flash – Dec
France: Consumer Confidence – Dec, HCOB Construction PMI– Dec
Germany: Retail Sales (MoM & YoY) – Nov, HCOB Construction PMI– Dec, Unemployed Persons – Dec, Unemployment Change – Dec, Unemployment Rate – Dec
Italy: Inflation Rate (MoM & YoY) Prel – Dec, Harmonized Inflation Rate (MoM & YoY) Prel – Dec
U.K.: S&P Global Construction PMI – Dec
U.S.: ISM Services PMI – Dec, ISM Services Business Activity – Dec, ISM Services Employment– Dec, ISM Services New Orders– Dec, ISM Services Prices– Dec, JOLTS Job Openings – Nov, JOLTS Job Quits – Nov, MBA Mortgage 30-Year Mortgage Rate – Jan/2, MBA Mortgage Applications – Jan/2, MBA Mortgage Market Index – Jan/2, MBA Mortgage Refinance index– Jan/2, MBA Purchase Index – Jan/2, ADP Employment Change – Dec, Factory Orders (MoM) – Oct, Factory Orders ex Transportation(MoM) – Oct, EIA Crude oil Stocks Change – Jan/2, EIA Gasoline Stocks Change – Jan/2, Fed Bowman Speech, 17-Week Bill Auction
The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus calls for 7.7 million job openings on the last business day of November, about even with the October figure.
Thursday, January 8
Brazil: Industrial production (MoM & YoY) – Nov
Canada: Balance of Trade – Oct, Exports – Oct, Imports – Oct
China: Inflation Rate (MoM & YoY) – Dec, PPI (YoY) – Dec
Euro-Zone: ECB Consumer Inflation Expectations – Nov, Economic Sentiment – Dec, Unemployment Rate – Nov, Consumer Confidence Final – Dec, Consumer Inflation Expectations – Dec, Industrial Sentiment – Dec, PPI (MoM & YoY) – Nov, Selling Price Expectations – Dec, Services Sentiment – Dec, ECB Guindos Speech
France: Balance of Trade – Nov, Current Account – Nov, Exports – Nov, Foreign Exchange Reserves – Dec, Imports – Nov
Germany: Factory Orders (MoM) – Nov
Italy: Unemployment Rate – Nov,
Mexico: Inflation Rate (MoM & YoY) – Dec, Core Inflation Rate (MoM & YoY) – Dec, Monetary Policy meeting minutes
Switzerland: Inflation Rate (MoM & YoY) – Dec, SNB Monetary Policy Meeting Minutes
Japan: Consumer Confidence – Dec, Householding Spending (MoM & YoY) – Nov
U.K.: Halifax House Price Index (MoM & YoY) – Dec, BBA Mortgage Rate – Dec
U.S.: Challenger Job Cuts – Dec, Initial Jobless Claims – Jan/3, Nonfarm Productivity (QoQ) Prel – Q3, Balance of Trade – Oct, Exports – Oct, Imports – Oct, Continuing Jobless Claims – Dec/27, Jobless Claims 4-week avg – Jan/3, Used Car Prices (MoM & YoY) – Dec, NY Fed Bill Purchases 1-4 months, EIA Natural Gas Stocks Change – Jan/2, Consumer Inflation Expectations – Dec, 4-Week Bill Auction, 8-Week Bill Auction, 15-Year Mortgage Rate – Jan/8, 30-Year Mortgage Rate – Jan/08, Consumer Credit Change – Nov, Fed Balance Sheet – Jan/7
Friday, January 9
Brazil: Inflation Rate (MoM & YoY) – Dec
Canada: Unemployment Rate – Dec, Unemployment Change – Dec, Full-time employment change – Dec, Part-time employment change – Dec, Labor Force Participation Rate – Dec, Avg Hourly Wages (YoY) – Dec
Euro-Zone: Retail Sales (MoM & YoY) – Nov, ECB Lane Speech
France: Industrial Production (MoM) – Nov, Household Consumption (MoM) – Nov
Germany: Balance of Trade – Nov, Exports (MoM) – Nov, Imports (MoM) – Nov, Industrial Production (MoM) – Nov
Italy: Retail Sales (MoM & YoY) – Nov
Spain: Industrial Production (YoY) – Nov, Business Confidence – Dec
Mexico: Industrial Production (MoM & YoY) – Nov, Auto Exports (YoY) – Dec, Auto Production (YoY) – Dec
Switzerland: Consumer Confidence – Dec, Unemployment Rate – Dec
U.S.: Building Permits Prel – Sep, Building Permits Prel – Oct, Housing Starts – Oct, Housing Starts – Sep, Non-Farm payrolls – Dec, Unemployment Rate – Dec, Avg Hourly Earnings (MoM & YoY) – Dec, Building permits (MoM) Prel – Sep, Building permits (MoM) Prel – Oct, Labor Force Participation Rate – Dec, Avg Weekly Hours – Dec, Govt Payrolls – Dec, Manufacturing Payrolls – Dec, Nonfarm Payrolls Private – Dec, U-6 Unemployment Rate, Michigan Consumer Sentiment Prel – Jan, Michigan 5_year Inflation Expectations Prel – Jan, Baker Hughes Oil Rig Count – Jan/9, Fed Barkin Speech, Fed Kashkari Speech
The BLS releases the jobs report for December. Economists forecast a 55,000 increase in nonfarm payrolls, following a 64,000 gain in November. The unemployment rate is expected to edge lower, to 4.5% from 4.6%. Jobs growth has been sluggish, averaging 54,454 a month through the first 11 months of last year, roughly a third of the increase in 2024.
The University of Michigan releases its Consumer Sentiment index for January. Consensus estimate is for a 53.5 reading. Consumers expectations of year-ahead inflation was 4.2% in December, the lowest in 11 months.
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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