Important upcoming events and publications for January, 11 (GMT):
09:30 U. K. GDP for November is expected to mark some decline in the growth of the economy from 0.4% to 0.3% 3m/3m. A sharper slowdown can negatively affect GBP, returning fears that the economy suffers from uncertainty around Brexit.
13:30 U.S. Consumer Price index is closely monitored by markets, as it could affect the Fed’s policy. It is expected to maintain annual price growth rate at the level of 2.2% per year. Publication can affect the dynamics of USD in case of deviation from expectations.
17:00 U.S. Baker Hughes Rig Count may influence the course of crude oil trading. Despite falling prices at the end of last year, the drilling activity in the USA had continued its increase. Decline in the number of drilling rigs is able to support Brent and WTI prices.
See the detailed Economic calendar here
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Even though the Bank of Japan left the key rate and parameters of the QE…
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