New Zealand remains closed to observe the New Year’s day holiday. Singapore will look towards the fourth quarter GDP figures with USDSGD trading at 1.4483 at time of writing. The Reserve Bank of Australia Commodity Index was out at 45.5%, up from 32.1% previously. AUDUSD trading at 0.7218 at time of writing. Japanese markets will release no data of note this week aside from the Markit Services Purchasing Managers’ Index and the Nikkei Manufacturing Purchasing Managers’ Index in the coming session.
Europe will begin the year with Consumer Price Index data from France. Switzerland will announce their SVME Purchasing Managers Index. Shortly afterwards the German Unemployment data from December will be announced. Britain will release Markit Manufacturing before the German preliminary Consumer Price Indices for December will be published. EURGBP trading at 0.8515 at time of writing. The Euro Zone Consumer Price Index preliminary figures for December are out tomorrow, with Thursday’s highlight expected to be the ECB Monetary Policy Meeting Accounts.
Across the Atlantic today we are going to begin the day with the Redbook Index. Canada sees the Royal Bank of Canada release Manufacturing PMI figures for December before we go back to the States for Markit Manufacturing PMI and then ISM Prices Paid, and Manfacturing PMI figures for December. Construction Spending figures for November will be the final data release on today’s agenda from the US. USDCAD trading at 1.3431 at time of writing. USOIL was trading at around $54 per barrel while GOLD was trading at $1154 per ounce at time of writing.
I hope you all have a nice day.