Monday, 6th January:
- EUR – German Prelim CPI m/m – All Day:
Germany’s preliminary inflation data is expected to show a slight increase of 0.4%, up from the previous month’s -0.2%. This release could set the tone for Eurozone inflation expectations, impacting EUR pairs and European equity indices. - USD – Final Services PMI – 2:45pm GMT:
The final reading for U.S. Services PMI is expected to remain unchanged at 58.5, confirming robust service sector activity. Any deviation from expectations could influence sentiment in U.S. equity markets.
Tuesday, 7th January:
- CHF – CPI m/m – 7:30am GMT:
Swiss inflation data is forecast to remain unchanged at -0.1%. A surprise deviation could influence SNB policy expectations, impacting CHF pairs. - EUR – Core CPI & CPI Flash Estimate y/y – 10:00am GMT:
Core inflation is forecast to hold steady at 2.7%, while headline inflation is expected to rise slightly to 2.4%. Any surprises could shift expectations for ECB rate cuts, affecting EURUSD and European stock indices. - USD – ISM Services PMI – 3:00pm GMT:
The ISM Services PMI is projected to rise to 53.2 from 52.1. Given the sector’s significant role in U.S. economic growth, this release could move U.S. equities and the USD. - USD – JOLTS Job Openings – 3:00pm GMT:
Job openings are expected to increase marginally to 7.77M. As the first key labor market release of the week, this data will be closely watched for clues about the broader employment trend.
Wednesday, 8th January:
- AUD – CPI y/y – 12:30am GMT:
Australia’s inflation is anticipated to tick up to 2.2% from 2.1%. This release could shape RBA rate expectations, influencing AUDUSD and ASX 200. - USD – ADP Non-Farm Employment Change – 1:15pm GMT:
The ADP report is forecast to show 131K new private sector jobs, down from 146K in the prior month. The release is an important precursor to Friday’s NFP report. - USD – FOMC Meeting Minutes – 7:00pm GMT:
The minutes from the December meeting will provide insights into the Fed’s cautious stance on rate cuts and inflation expectations for 2025. Markets will be watching for any signs of policy divergence.
Thursday, 9th January:
- AUD – Retail Sales m/m – 12:30am GMT:
Retail sales in Australia are expected to rise by 1.0%, a significant increase from the prior 0.6%. The data will be key for gauging consumer demand and the RBA’s outlook. - CNY – CPI & PPI y/y – 1:30am GMT:
Chinese inflation data is forecast to show CPI growth at 0.1% y/y and PPI contraction at -2.5%. The outcomes could influence expectations of further PBOC stimulus, affecting the China A50 and Hong Kong 50 indices.
Friday, 10th January:
- CAD – Employment Data – 1:30pm GMT:
Canada is expected to add 24.5K jobs in December, with the unemployment rate holding steady at 6.8%. This data will impact the CAD and Canadian equities. - USD – Non-Farm Payrolls – 1:30pm GMT:
The U.S. is expected to add 154K jobs in December, with the unemployment rate steady at 4.2%. A deviation from these expectations could significantly influence the USD, U.S. equities, and commodities. - USD – Prelim Michigan Consumer Sentiment – 3:00pm GMT:
Consumer sentiment is forecast to strengthen to 74.0. This data is a key indicator of consumer spending trends, with implications for the broader U.S. economy.
This week’s calendar is packed with high-impact events that could shape market sentiment in 2025. Keep an eye on these developments as they unfold!
