Monday

Martin Luther King Day – US markets closed

11.30 pm – Australia Westpac consumer confidence (January): index expected to rise to 82.5. Markets to watch: AUD crosses

Tuesday

7 am – UK employment data: November unemployment rate expected to rise to 4.3%. Average earnings to rise 7.3% for the three months to end of November. Markets to watch: GBP crosses

10 am – German ZEW index (January): index forecast to rise to 15. Markets to watch: EUR crosses

1.30 pm – US Empire mfg index (January): expected to rise to -9. Markets to watch: USD crosses

1.30 pm – Canada CPI (December): YoY rate to slow to 2.8% from 3.1%. Markets to watch: CAD crosses

Wednesday

2 am – China GDP (Q4): YoY growth forecast to rise to 5.3% from 4.9%. Markets to watch: China indices, CNH crosses

7 am – UK CPI (December): prices are expected to rise 3.9% YoY and 0.1% MoM. Markets to watch: GBP crosses

1.30 pm – US retail sales (December): sales forecast to rise 0.3% MoM. Markets to watch: USD crosses

Thursday

12.30 am – Australia employment data (December): unemployment rate expected to hold at 3.9%. Markets to watch: ADU crosses

1.30pm – US initial jobless claims (w/e 13 January): claims forecast to rise to 205K. Markets to watch: USD crosses

4 pm – US EIA crude oil inventories (w/e 12 January): stockpiles rose by 1.34 million barrels in the preceding week. Markets to watch: Brent, WTI

11.30 pm – Japan CPI (December): prices are expected to rise 2.6% YoY from 2.8%, and core CPI to slow to 2.3% YoY from 2.5%. Markets to watch: JPY crosses

Friday

7 am – UK retail sales (December): sales rose 1.3% MoM in December. Markets to watch: GBP crosses

3 pm – US Michigan consumer confidence (January, preliminary), existing home sales (December): confidence index expected to rise to 69, home sales to rise 0.3%. Markets to watch: USD crosses