Week commencing 11th January 2021 : (All Times GMT / BST)

Overview:

This week sees the release of some important data, such as Chinese and US CPI and the monthly UK GDP figure, but the main focus is on corporate news.

In the UK the flood of post-Christmas trading statements begins, including names like Tesco, ASOS and Boohoo, but it is not just the retailers that report. We also get updates from Taylor Wimpey, Persimmon and William Hill.

In the US earnings season is upon us once again, and as usual the banks are the first major firms to report figures. Citigroup, JPMorgan and Wells Fargo all take their place at the head of the queue, at a particularly interesting time as rates begin to rise and the prospects for a cyclical recovery fueled by Covid vaccination programmes and more fiscal stimulus from the new administration provide hope of a better year ahead.

Note:

The following figures reflect the expectations of the market as of Sunday. You should obtain up-to-date expectations for each event as it draws nearer.

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Charles Clifton Forex Trader | Coach | Signals Service – RANsquawk Real-time multi-asset News and Analysis – www.charlesclifton.co.uk

Monday

1.30am – China CPI (December): prices to fall 0.7% YoY and 0.3% MoM. Markets to watch: CNH crosses

11.30pm – Australia Westpac consumer confidence (January): December reading 112. Markets to watch: AUD crosses

Tuesday

No Scheduled Tier 1 Data Expected

Wednesday

1.30pm – US CPI (December): prices expected to rise 1.3% YoY and 0.4% MoM, and core CPI to rise 1.6% YoY and 0.2% MoM. Markets to watch: USD crosses

3.30pm – US EIA crude oil inventories (w/e 8 January): previous week saw stockpiles fall by 8 million barrels. Markets to watch: Brent, WTI

Thursday

3am – China trade balance (December): surplus to fall to $65 billion. Markets to watch: CNH crosses

1.30pm – US initial jobless claims (w/e 9 January): claims expected to rise to 790K. Markets to watch: USD crosses

Friday

7am – UK trade balance, GDP 3-month average (November): deficit to decrease to £1.2 billion, BP growth to be 1.5% for the three month to November, from October’s 10.2%. Markets to watch: GBP crosses

1.30pm – US retail sales (December), Empire mfg index (January): sales to remain flat MoM, and mfg index to rise to 5.9 from 4.8. Markets to watch: USD crosses

3pm – US Michigan consumer confidence (January, preliminary): index to rise to 81 from 80.7. Markets to watch: USD crosses

Source: Chris Beauchamp, Market Analyst

Charles Clifton Forex Trader | Coach | Signals Service – RANsquawk Real-time multi-asset News and Analysis – www.charlesclifton.co.uk

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