The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
Japan's October machinery orders tack on
In October, Japanese machinery orders rebounded with a faster soar than anticipated, thus re-affirming the resilience of capital spending, which is a major driver in the Japanese economy's almost two-year expansion.
A volatile data series considered to be an indicator of capital spending in the nearer six to nine months, core machinery orders edged up 5% in October versus last month, as the Cabinet Office told on Wednesday.
The leap in core orders, excluding those of ships as well as power generation equipment, surpassed experts’ median estimate of a 3% soar. In September, orders went down 8.1%, which is the steepest dive for more than two years.
Capital spending, including investment in equipment and factories, turned to be a crucial contributor to the Japanese economy's seventh straight quarter of surge in the July-September period. It has become the longest marathon on record in data since 1994, compensating a rare decline in consumer spending.
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The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.