After a relatively quiet start to the month, markets will digest delayed U.S. labor market statistics and inflation readings, which were postponed earlier due to a government shutdown. These reports will carry significant weight in shaping expectations around U.S. monetary policy and the dollar. Alongside U.S. data, commentary from European Central Bank figures and key releases from the United Kingdom, Japan, and the eurozone will offer insight into the health of regional economies and possible policy pivots. Retail sales, import prices, and confidence surveys also fill out an eventful schedule, while investor sentiment and confidence surveys may influence risk currencies such as AUD and NZD.
📅 Monday, 9 February 2026
Japan
- Labor cash earnings year-over-year (Dec) — change in wage pressures
- Current account balance (Dec) — reflects trade and investment flows
- Eco Watchers Survey: Current Conditions (Jan) — business sentiment gauge
Switzerland
- SECO Consumer Climate (Q1) — tightening or easing of Swiss consumer outlook
Eurozone
- Sentix Investor Confidence (Feb) — risk appetite and investment sentiment
European Central Bank
- ECB President / Chief Economist speech — policy tone from Frankfurt
Market sentiment cues start the week with regional confidence and earnings data, setting tone ahead of bigger U.S. news.
📅 Tuesday, 10 February 2026
United States
- Advance Retail Sales (Dec) — broad measure of consumer spending
- Import prices (Jan) — cost pressures from overseas goods
- NFIB Small Business Optimism — sentiment among U.S. firms
- Employment Cost Index — measure of wage and benefit inflation
Additional Cross-Regional Indicators
- Brazil CPI year-over-year — inflation outlook for BRL
- Other regional price and confidence readings
U.S. early month data on retail spending, labor costs and firms’ outlook can influence USD flows; UK and Aussie consumer/business sentiment add regional nuance.
📅 Wednesday, 11 February2026
United States
- Nonfarm Payrolls (Jan) — headline employment guidepost
- Unemployment Rate (Jan) — labor market slack or tightness
- Average hourly earnings (Jan) — wage inflation pressure
China
- Consumer Price Index year-over-year (Jan) — inflation trend
- Producer Price Index year-over-year (Jan) — wholesale price pressures
Europe
- ECB Councillor speaks — further ECB commentary into growth and inflation
Italy
- Industrial production figures — output trends in EMU’s third-largest economy
Wednesday is the big U.S. labor day: payrolls, unemployment and earnings data may drive USD volatility and shape risk sentiment. China inflation also feeds emerging market FX views.
📅 Thursday, 12 February 2026
United Kingdom
- GDP (Quarterly, preliminary) — growth momentum in the UK economy
United States
- Existing Home Sales (Jan) — housing market activity
- Weekly initial jobless claims — labor market fragility or resilience
Europe
- Informal EU summit on competitiveness — political/economic backdrop for EUR
UK economic performance gets fresh data via GDP and production figures, with U.S. labor market breadth continuing through claims and housing sales. Aussie and JPY inflation cues add diversity.
📅Friday, 13 February 2026
United States
- Consumer Price Index (Jan) — inflation trend critical for Fed outlook
- Core CPI (excluding food & energy) — underlying inflation trend
- Baker Hughes total and oil rig counts — energy sector activity
Eurozone
- CPI year-over-year (Jan) — inflation readings for the euro area
Austria
- Moody’s rating review — credit outlook and potential bond market impact
Global Affairs
- Munich Security Conference — geopolitical dialogue that can shift risk sentiment
Friday’s focus is inflation — especially U.S. CPI and core CPI — which could steer USD direction and global rate expectations into the next policy cycle. Eurozone growth and Swiss prices also contribute to euro and franc moves.
📌 Week in Focus
U.S. Employment & Inflation Take Center Stage: Mid-week payrolls and Friday’s CPI data are among the most impactful for dollar positioning and Fed expectations.
ECB & BOE Commentary: Speeches and UK GDP figures may influence expectations around rate decisions and growth prospects for EUR and GBP.
Retail, Prices & Sentiment: A broad set of retail, import price, and confidence surveys fills out the week, providing texture to consumer and business behavior.
Risk Sentiment Influences: China’s price figures and European investor confidence readings may shift global risk appetite, affecting higher-beta currencies.
