The week ahead is quiet, but there are some ecostats which may impact the Pound, Euro, US Dollar, Swiss Franc, and Japanese Yen exchange rates.
Monday will see the release of the German Import Price Index for November, as well as the Swiss Total Sight Deposits and Domestic Sight Deposits stats. From the US, we’ll also have the Chicago Federal Reserve National Activity Index.
Tuesday will be a day for Japanese data while most markets close for Christmas celebrations. The Japanese Leading and Coincident Indexes will make their way into the spotlight, as well as the latest meeting minutes from the Bank of Japan (BoJ).
In the early hours of Wednesday, BoJ Governor Haruhiko Kuroda will make a speech which could be interesting for investors in the Japanese Yen. In the US, the S&P/Case-Shiller US Home Price Index will be out, as well as the Richmond Federal Reserve Manufacturing Index.
Thursday will begin to see some Eurozone data trickle in, in the form of German Retail Sales. Japanese Housing Starts and Construction Orders stats will also be out, while the European Central Bank (ECB) is also expected to publish its December 13th Economic Bulletin. The US will release it’s weekly Initial Jobless Claims and Continuing Claims stats, as well as its October House Price Index, New Home Sales, and highly influential Consumer Confidence Index. In Japan, the November Jobless Rate number and Tokyo Consumer Price Index (CPI) will print, as well as Retail Trade and Industrial Production numbers.
The UK’s Nationwide House Price numbers will be out on Friday morning, along with the BBA Loans for House Purchase stat. The Swiss KOF Leading Indicator will also be made available, as well as German inflation readings. In the US, Wholesale Inventories and Pending Home Sales stats will make their way onto the market, while the US Chicago Purchasing Managers’ Index will also be revealed.