Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:05 United Kingdom Gfk Consumer Confidence January 2 1 4
00:30 Australia Producer price index, q / q Quarter IV 0.9% 0.6% 0.3%
00:30 Australia Producer price index, y/y Quarter IV 1.7% 1.9%
00:30 Australia Private Sector Credit, m/m December 0.4% 0.6% 0.5%
00:30 Australia Private Sector Credit, y/y December 6.6% 6.6%
04:00 Japan BoJ Interest Rate Decision 0% -0.1%
04:00 Japan Bank of Japan Monetary Base Target 275 275
04:00 Japan BoJ Monetary Policy Statement
05:00 Japan Housing Starts, y/y December 1.7% 0.5% -1.3%
05:00 Japan Construction Orders, y/y December 5.7% 14.8%
06:30 France GDP, q/q (Preliminary) Quarter IV 0.3% 0.2% 0.2%
06:30 France GDP, Y/Y (Preliminary) Quarter IV 1.1% 1.5%
06:30 Japan BOJ Press Conference
07:00 Germany Retail sales, real adjusted December 0.4% Revised From 0.2% 0.5% -0.2%
07:00 Germany Retail sales, real unadjusted, y/y December 2.4% Revised From 2.3% 2% 1.5%
08:00 Switzerland KOF Leading Indicator January 96.8 Revised From 96.6 96 100.3
09:00 Eurozone Private Loans, Y/Y December 1.4% 1.5% 1.4%
09:00 Eurozone M3 money supply, adjusted y/y December 5.1% 5.2% 4.7%
10:00 Eurozone Harmonized CPI, Y/Y (Preliminary) January 0.2% 0.4% 0.4%
10:00 Eurozone Harmonized CPI ex EFAT, Y/Y (Preliminary) January 0.9% 0.9% 1.0%
The U.S. dollar traded higher against the most major currencies ahead of the release of the U.S. economic data. The U.S. preliminary GDP is expected to rise 0.8% in fourth quarter, after a 2.0% growth in the third quarter.
The Chicago purchasing managers' index is expected to increase to 45.0 in January from 42.9 in December.
The euro traded higher against the U.S. dollar despite the release of the mixed economic data from the Eurozone. Eurostat released its consumer price inflation data for the Eurozone on Friday. The preliminary consumer price inflation in the Eurozone rose to 0.4% year-on-year in January from 0.2% in December, in line with expectations.
The preliminary consumer price inflation excluding food, energy, alcohol, and tobacco climbed to an annual rate of 1.0% in January from 0.9% in December. Analysts had expected the index to remain unchanged at 0.9%.
Food, alcohol and tobacco prices were up 1.1% in January, non-energy industrial goods prices gained 0.7%, and services prices climbed 1.2%, while energy prices dropped 5.3%.
The European Central Bank (ECB) released its M3 money supply figures on Friday. M3 money supply rose 4.7% in December from last year, missing expectations for a 5.2% gain, after a 5.1 % increase in November.
Loans to the private sector in the Eurozone climbed 1.4% in December from the last year, missing expectations for a 1.5% rise, after a 1.4% gain in December.
Credit to the private sector dropped to 0.8% year-on-year in December from 1.2% in November.
The British pound traded lower against the U.S. dollar in the absence of any major economic data from the U.K.
The Canadian dollar traded lower against the U.S. dollar ahead of the release of the Canadian economic data. Canada's GDP growth is expected to rise 0.3% in November, after a flat reading in October.
The Industrial Product Price Index is expected to decline 0.3% in December, after a 0.2% fall in October.
The Swiss franc traded lower against the U.S. dollar. The Swiss Economic Institute KOF released its leading indicator for Switzerland on Friday. The KOF leading indicator climbed to 100.3 in January from 96.8 in December, beating expectations for a fall to 96.0. December's figure was revised up from 96.6.
The increase was mainly driven by the manufacturing industry.
EUR/USD: the currency pair rose to $1.0925
GBP/USD: the currency pair fell to $1.4270
USD/JPY: the currency pair increased to Y121.14
The most important news that are expected (GMT0):
13:30 Canada Industrial Product Price Index, m/m December -0.2% -0.3%
13:30 Canada GDP (m/m) November 0.0% 0.3%
13:30 U.S. PCE price index ex food, energy, q/q (Preliminary) Quarter IV 1.4% 1.2%
13:30 U.S. PCE price index, q/q (Preliminary) Quarter IV 1.3% 0.7%
13:30 U.S. GDP, q/q (Preliminary) Quarter IV 2.0% 0.8%
14:45 U.S. Chicago Purchasing Managers' Index January 42.9 45
15:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) January 92.6 93