Monday, 20th January:
- CNY – 1-Year and 5-Year Loan Prime Rate Decisions – 1:00am GMT:
The People’s Bank of China (PBOC) is expected to keep both the 1-year loan prime rate (LPR) at 3.10% and the 5-year LPR at 3.60%. With recent weaker-than-expected Chinese economic data, traders will monitor this decision for any indications of additional monetary easing. These rates directly influence the China A50 and Hong Kong 50 indices. - All – WEF Annual Meetings – Day 1:
The World Economic Forum begins in Davos, where global leaders and central bankers gather to discuss economic challenges. Commentary on trade, geopolitics, and monetary policy could influence market sentiment. - USD – Donald Trump Returns to the White House – 5:00pm GMT:
Donald Trump’s inauguration as President officially marks the start of his second term. Markets will closely watch any announcements on tariffs, energy policies, and fiscal measures that could impact the USD, U.S. stocks, and commodities like Gold and Oil.
Tuesday, 21st January:
- GBP – Claimant Count Change – 7:00am GMT:
The UK’s Claimant Count Change, a measure of unemployment benefit claimants, is forecasted at 10.3K, up from 0.3K in the previous period. An unexpected rise could weigh on the GBP, reflecting potential labor market concerns. - GBP – Average Earnings Index 3m/y – 7:00am GMT:
UK wage growth is forecasted to accelerate to 5.6% from 5.2%. Higher earnings growth may provide support for the GBP as it indicates robust labor market conditions and could influence the Bank of England’s monetary policy. - EUR – German ZEW Economic Sentiment – 10:00am GMT:
German business sentiment is forecasted to slightly decline to 15.2 from 15.7. As a leading indicator of economic confidence, this release may impact the EUR and broader European markets. - CAD – CPI Data – 1:30pm GMT:
Canada’s Consumer Price Index (CPI) is expected to show a monthly decline of -0.7% due to seasonal effects. Median CPI is projected at 2.5% y/y, while Trimmed CPI and Common CPI are forecasted at 2.5% and 1.9%, respectively. This data will influence the Bank of Canada’s stance on interest rates and the direction of the CAD. - NZD – CPI q/q – 9:45pm GMT:
New Zealand’s quarterly CPI is forecasted at 0.5%, down from 0.6%. A weaker-than-expected reading could weigh on the NZD and raise concerns about the Reserve Bank of New Zealand’s inflation outlook. - All – WEF Annual Meetings – Day 2:
Market participants will continue to watch for key developments and statements from world leaders at the Davos meetings.
Wednesday, 22nd January:
- All – WEF Annual Meetings – Day 3:
The focus remains on discussions about global economic growth, climate policies, and geopolitical risks. Markets may react to statements from central bankers and policymakers. - EUR – ECB President Lagarde Speaks – 3:15pm GMT:
European Central Bank President Christine Lagarde will address economic challenges and the ECB’s policy outlook. Her comments could provide clues on potential future policy adjustments, impacting the EUR.
Thursday, 23rd January:
- All – WEF Annual Meetings – Day 4:
As the WEF meetings near their conclusion, key takeaways and policy announcements could influence markets globally. - CAD – Core Retail Sales m/m – 1:30pm GMT:
Canadian core retail sales are expected to remain flat at 0.0%, while headline retail sales are forecasted to rise by 0.1%. These figures will provide insight into consumer spending trends, with potential implications for the CAD. - USD – Unemployment Claims – 1:30pm GMT:
Initial jobless claims are projected at 220K, up slightly from the prior 217K. Labor market strength remains a key focus, and unexpected results could influence the USD. - USD – Crude Oil Inventories – 4:00pm GMT:
S. crude oil inventories are forecasted to decline by 2.0M barrels. Changes in inventory levels may influence oil prices and energy sector stocks.
Friday, 24th January:
- JPY – BoJ Policy Rate and Monetary Policy Statement – Tentative:
The Bank of Japan (BoJ) is expected to raise its policy rate cautiously, moving from <0.25% to <0.50%. BoJ Governor Kazuo Ueda’s press conference will be closely monitored for future guidance, with implications for the JPY and Japan 225 index. - EUR – French and German Flash PMIs – Starting at 8:15am GMT:
France’s and Germany’s flash manufacturing and services PMIs will be released, with both economies showing mixed signals. France’s manufacturing PMI is forecasted at 42.4, while Germany’s is expected at 42.9. Service sector PMIs remain in expansion territory, but any surprises could influence EUR trading. - EUR – Eurozone Flash PMIs – 9:00am GMT:
The broader Eurozone PMIs will follow, with manufacturing forecasted at 45.6 and services at 51.4. Weakness in these figures may fuel concerns about slowing economic growth in the bloc. - GBP – Flash Manufacturing and Services PMIs – 9:30am GMT:
UK manufacturing PMI is expected at 46.9, while services PMI is projected to dip slightly to 50.8. These figures could influence GBP trading if they deviate significantly from expectations. - USD – Flash PMIs – 2:45pm GMT:
S. flash PMIs will provide the first look at business sentiment under President Trump’s new administration. Manufacturing PMI is forecasted at 49.4, while services PMI remains strong at 56.8. These numbers could drive USD and equity market volatility. - USD – Existing Home Sales – 3:00pm GMT:
S. existing home sales are forecasted to rise to 4.19M, reflecting a recovery in the housing market. Positive results could support the USD. - USD – Revised University of Michigan Consumer Sentiment – 3:00pm GMT:
The revised UoM Consumer Sentiment Index is expected at 73.2. Consumer confidence is a key indicator of economic resilience and may impact U.S. markets. - All – WEF Annual Meetings – Day 5:
The final day of the WEF Annual Meetings may provide closing remarks and summaries that could influence markets.
This calendar provides a comprehensive guide to the key economic events, speeches, and data releases for the week, offering potential market-moving opportunities across major currencies, indices, and commodities.
