The British monthly GDP is announced on Friday at 09:00 MT time.
37th straight current account surplus for July is reported by Japan
Japan reported a 37th consecutive monthly current account surplus for July, according to a Reuters survey on Friday. It actually reflects a supposed ascend in income from overseas investments.
The survey of 19 experts predicts a current account surplus of approximately 2 trillion Japanese yen in July from June’s outcome of 935 billion yen.
Chief economist at Norinchukin Research Institute, Takeshi Minami told that Japan will probably maintain a current account surplus in 2017 due to more favorable economic conditions overseas.
Interest rates as well as stock prices overseas surpass those of Japan. That’s why interest revenue and also investment income are supposed to go up.
The finance ministry is going to disclose the data soon on Friday.
Apparently, Japan's trade as well as current account surpluses have been heavily criticized by Donald Trump in his "America First" campaign.
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
The US unemployment claims are out on Thursday at 15:30 MT time.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.