Economic Calendar

Wednesday, January 15

2:00am ET

UK’s headline CPI has been on the rise again since October, printing +2.6% y/y readings in each of the past two months. Services inflation and strong wage growth seem to be sticking around. But if CPI cools down more than expected, the odds of rate cuts and pressure on the pound should increase.

What to watch: GBP, UK 100

Wednesday, January 15

8:30 am ET

Investors have been pushing back their rate cut expectations in recent weeks amid resilience in US data, rising yields and owing to Trump’s expected inflationary policies (tax cuts and tariffs). Therefore, CPI will have to be significantly weaker to cause a major dent in the dollar’s bullish trend.

What to watch: USD, Nasdaq 100

Thursday, January 16

9:00pm ET

As well as GDP, we will get the latest retail sales and industrial production data from the world’s second largest economy. China’s bleak economic outlook has sparked a surge in demand for Chinese bonds, causing their yields, local stocks and yuan to drop. We need to see stronger data to ease fears of a deflationary spiral in the world’s second-largest economy.

What to watch: CNH, China A50