The macroeconomic calendar is full of data this week, with a lot of interesting information for investors.

USD: Focus on inflation

USD: Focus on inflation

The US consumer price index for December will be published this week, and there is a chance that the inflation rate has fallen from 7.1% to 6.5% year-on-year. While this is not the most important inflation report for the Fed, it is vital for capital markets. A decreasing inflation will allow hope for a moderate pace of interest rate hikes that put pressure on the USD.

EUR: Reliance on ECB meeting minutes

EUR: Reliance on ECB meeting minutes

The Eurozone is preparing a significant stream of country-specific statistics. The minutes from the last ECB meeting will be presented; the document may contain indications for further rate hikes, the outcome of which might help the EUR find a foothold.

AUD: Positive impact of the news from China

AUD: Positive impact of the news from China

Australia will release its retail sales and inflation data as well as trade balance details. A definite positive for the AUD exchange rate is China’s willingness to open its borders.

JPY: Between inflation and intervention

JPY: Between inflation and intervention

Japan releases statistics on household spending. The figure could increase by 0.6% y/y after a 1.2% rise earlier, which could be a negative inflationary signal. The JPY remains strong for now due to BoJ interventions but will weaken further.

GBP: rapid recovery

GBP: rapid recovery

The UK will present price and industry data. The GBP exchange rate has quickly recovered from last week and will remain resilient if the news does not add to the negativity.


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A Forex trader with a more than 10-years experience in leading investment banks. She gives her weighted view of markets through analytical articles, regularly published by RoboForex and other popular financial sources.