A quiet day of announcements gives us time to pause and prepare for a busy week ahead.

The only announcements to come out today are two from Japan (Tertiary Industry Activity and Prelim Machine Tool Orders) and Trade Balance data from Europe.

So, we take this time to look over the short term horizon and see what are the important announcements/speeches that are likely to be market movers.

Tuesday 17/01 – UK releases CPI figures. BOE Governor Mark Carney is also set to speak.

Wednesday 18/01 – UK PM Theresa May is set to speak. This is a crucial Brexit speech that many experts will be closely watching. The UK will also be releasing Average Earnings & Claimant Count Change data.

Thursday 19/01 – The US is releasing vital CPI & Core CPI data as well as their Beige Book. Fed Reserve Chair Janet Yellen is also set to deliver a speech. Australia will be releasing all-important Employment Change and Unemployment Rate data. Finally, the ECB is setting its Minimum Bid Rate (Monetary Policy Meeting). This is always a keenly watched event, especially since we’re starting to see some strength in the European economy.

Friday 20/01 – Following the Minimum Bid Rate, the ECB will be holding a press conference to discuss its latest interest rate decision. The US is releasing important Building Permits, Philly Fed Manufacturing Index and Unemployment Claims data, while Fed Reserve Chair Janet Yellen is set to speak again. The UK is releasing vital Retail Sales figures. Finally, China is releasing crucial GDP & Industrial Production figures.