This week’s calendar highlights a full slate of economic data that could move currency markets, especially readings on inflation, prices, retail consumption, production, and confidence gauges. After a period of data gaps, the U.S. December inflation figures (CPI) will be among the most watched releases, as will producer prices and retail sales, offering fresh insight into price pressures and demand trends. Alongside key U.S. releases, several international data points—from Europe, Asia, and Oceania—add to a busy week of fundamental drivers. Expect periods of heightened volatility around these events, particularly where inflation or consumer activity surprises consensus expectations.
📅 Monday, 12 January 2026
General Market Themes
- Start of regular data flow after quieter weeks.
- Focus on confidence and balance of payments data across Asia and Europe.
Scheduled Releases & Events
- Eurozone Financial Account & Current Account (Nov) — insights into cross-border flows and net foreign flows.
- Eurozone Capital Account (Nov) — capital movements outside the current account.
- Eurozone Sentix Investor Confidence (Jan) — early sentiment gauge for European markets.
- Eurozone PMI Construction (Dec) — construction sector activity.
- Treasury Auctions (U.S.) — 13-week and 26-week bills; 3-year and 10-year note bids.
- Speeches by Central Bank Officials — including Federal Reserve speakers highlighting economic outlook.
- New Zealand Business Confidence / Westpac Consumer Confidence (various times) — indicators of domestic sentiment in Australasia.
📅 Tuesday, 13 Janauary 2026
General Market Themes
- Start of regular data flow after quieter weeks.
- Focus on confidence and balance of payments data across Asia and Europe.
Scheduled Releases & Events
- Eurozone Financial Account & Current Account (Nov) — insights into cross-border flows and net foreign flows.
- Eurozone Capital Account (Nov) — capital movements outside the current account.
- Eurozone Sentix Investor Confidence (Jan) — early sentiment gauge for European markets.
- Eurozone PMI Construction (Dec) — construction sector activity.
- Treasury Auctions (U.S.) — 13-week and 26-week bills; 3-year and 10-year note bids.
- Speeches by Central Bank Officials — including Federal Reserve speakers highlighting economic outlook.
- New Zealand Business Confidence / Westpac Consumer Confidence (various times) — indicators of domestic sentiment in Australasia.
📅 Wednesday, 14 January 2026
Focus: Prices and Consumption
- Mid-week brings producer price data and retail activity measures that reveal price dynamics further up the supply chain and consumer demand patterns.
Scheduled Releases & Events
- U.S. Producer Price Index (PPI) for Nov — inflation pressures from the producer side.
- U.S. Retail Sales & Control Group (Nov) — consumer spending trends, key for growth outlook.
- U.S. Existing Home Sales (Dec) — snapshot of housing market activity.
- Eurozone Industrial Production & Trade Balance (Nov) — production and export/import flows arguably influence EUR sentiment.
- China Trade & Money Supply Stats (Dec) — macro data from China providing global demand context.
- New Zealand Employment Indicators — fresh employment figures and building permits.
- Treasury Auctions & Supply Events — continued sovereign debt issuance.
📅 Thursday, 15 Janauary 2026
Focus: Activity Indicators & Labor Market
- Data on jobless claims and broader trade and price indices will draw attention as traders assess labor market momentum and cost pressures.
Scheduled Releases & Events
- U.S. Weekly Initial Jobless Claims — a timely reflection of labor market conditions.
- U.K. GDP Estimate (Nov) — growth estimate for the U.K. economy.
- Eurozone Trade Balance (Nov) — picture of goods flows across the euro area.
- U.S. Export/Import Price Indexes (Nov) — price changes in trade goods.
- Retail and Manufacturing Shipments & Trade Data (Canada) — Canadian economic health markers.
- Industrial Production (Various Regions) — output data from international peers.
- Ongoing Treasury Operations — short-term bill announcements.
📅Friday, 16 Janauary 2026
Focus: Production & Global Flows
- The week wraps with a mix of industrial output data and balance of payments figures that set the stage for next week’s releases.
Scheduled Releases & Events
- U.S. Industrial Production (Dec) — breadth of core production activity in the U.S.
- Eurozone Harmonised CPI (Dec, preliminary) — early inflation gauge for the bloc.
- Eurozone Exports, Imports, and Trade Balance (Nov) — international goods flow data.
- Japan Trade & Current Account (Nov) — external sector dynamics from Japan.
- Selected Capital and Financial Account Updates — further context on global investment flows.
🧭 Summary of Major Themes This Week
🟡 Inflation Focus – With U.S. CPI early in the week, and euro area CPI later on, inflation expectations remain a core driver for monetary policy outlooks and currency valuations.
🟢 Labour Market Signals – U.K. wage data and U.S. jobless claims add important context to employment trends.
🔵 Consumer & Industrial Activity – U.S. retail sales and industrial production reports help gauge economic momentum.
🟠 Trade & Sentiment Measures – China’s trade balance and Sentix/Business confidence surveys offer broader global economic clues.
