Thursday’s session is front-loaded with Asia-Pacific inflation and activity data.
New Zealand CPI gets released in a few minutes, followed by Australia’s flash PMIs, setting the tone for regional growth expectations.
Attention then turns squarely to Japan in the evening, with national CPI prints ahead of the BoJ rate decision, policy statement and outlook report — a key risk event not only for the JPY but for the rest of the Market, heavily profiting from the current run on the Nippon currency.
Friday keeps momentum high across Europe and North America.
The UK releases December retail sales before a dense run of flash PMIs from the euro area and the UK, offering an early read on January activity.
ECB President Lagarde then takes the stage at the WEF, she has appeared a couple of times already so it’ll be interesting to see what more she has to offer.
North America wraps up the week with Canadian retail sales (8:30 A.M) and US PMIs (9:45 A.M), before the Michigan sentiment and inflation expectations data conclude a high paced week at 10:00 A.M. With growth, inflation and central bank signals all in play, volatility could stay elevated into the weekly close.
Safe Trades, keep a close eye on Middle East and Greenland developments!
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