Important upcoming events and publications

Important upcoming events and publications for January 25 (GMT):

09:00 Germany Ifo Business Climate Index is expected to show the fifth consecutive month of decline. Investors and traders have increased focus on data from euro-region. In particular, weak PMI provoked EURUSD decline on Thursday. The ECB also draws attention to the slowing economy, noting that releases below expectations are putting pressure on the euro.

11:00 U.K. CBI Realized Sales rarely causes spikes of volatility, but in the absence of other important reports is able to attract the attention of traders with GBP. December figures surprised with big decline from +19 to -13. This time it is expected to return to positive territory up to +3 that reflects the increase compared to the last year.

18:00 US Baker Hughes Rig Count caught the attention with sharp decline last week from 1075 to 1050. Confirmation of reduced drilling activity can increase WTI and Brent purchases.

See the detailed Economic calendar here