26th Dec to 30th Dec 2016
BoJ Monetary policy meeting minutes will be released in the early morning. This will be followed by a speech by Bank of Japan Governor Kuroda where he is expected to talk on monetary policies. Following that Leading economic index and Coincident index report will be released from Japan. US, Europe, UK & Canada will be on holiday for Christmas. The whole week is mainly packed with the reports from Japan & US. Early morning on Tuesday, Japan will release its national consumer price index followed by National CPI Ex-fresh food, Energy (YoY) Jobs/ applicants ratio, and Unemployment rate. Later in the day, US will release Consumer confidence which shows the level of confidence that individuals have in economic activity. A high level of consumer confidence stimulates economic expansion while a low level drives to economic downturn. Following that US will also release Dallas Fed Manufacturing Business index. In terms of economic data, today is a big day for Japanese yen. In the morning Japan will release Industrial Production reports, followed by Large retailer’s sales report which shows the total value of goods sold in large stores, supermarkets etc. It indicates the level of consumption and consumer confidence. At the same time it will also release Retail trade for November, which shows the aggregate sales made through business location. During midday, Switzerland will release the UBS consumption indicator which indicates the consumption trends of privates. This is an important component of Swiss GDP. Later in the day, US will release the pending home sales report. This is leading indicator of trends of the housing market in the US It captures residential housing contract activity of existing single-family homes. As the housing market is considered as a sensitive factor to the US economy, it generates some volatility for the USD. Thursday is the also another important day for Japan. In the early morning Japan will release their Foreign investment in Japan Stocks & Foreign Bond investment. By midday France will release the consumer price index. This is measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Later in the evening US will release Initial Jobless Claims. This is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labor market. This will be followed by EIA Crude Oil Stocks change report is a weekly measure of the change in the number of barrels in stock of crude oil and its derivates. This report tends to generate large price volatility, as oil prices impact on worldwide economies, affecting the most, commodity related currencies such as the Canadian dollar. The last working day of the eventful year. The only recognized report will be Chicago Purchasing Managers Index released by USA. This is widely used to indicate the overall economic condition in US.Monday
Tuesday
Wednesday
Thursday
Friday
