Thursday brings the latest ECB statement, so let's take a closer look with the Economic Calendar.
Swiss Producer Price Index for December is up first at 8:15 AM. The Index has been growing for the past 3 months.
The closely watched ECB Monetary Policy Statement is out at 12:45 PM GMT, and make sure you tune in for the press conference 45 minutes later. President Draghi is sure to face plenty of questions about the latest developments which could cause some volatility in the markets.
The high importance update on US Jobless Claims follows at half past 1. Initial claims went up by 10 thousand during the week ending January 7 whereas the continuing claims dropped by 29 thousand during the week ending December 31.
US Building Permits for December comes at the same time. The number of permits eased in November from the 11-month high reached the previous month.
Philadelphia Fed Manufacturing Index for January is scheduled at this time as well. The December data surprised very much on the upside as the Index surged to its highest level in 2 years.
And Canadian Manufacturing Shipments for November are also out at the same time. Sales slipped in October in light of declines in metal, petrol and machinery industries.
There's little on the schedule until 1 AM, when the Fed Chair Janet Yellen will be giving a closely watched speech on the very topical issue of the economic outlook and monetary policy.
The closely watched Chinese fourth quarter GDP comes at 2. The economy has been growing at a steady albeit subdued pace for the past 3 quarters, and this release is expected to show similar performance.
And Chinese Industrial Production for December is out at the same time. Output picked up some speed in November, following two months of 6.1% growth.
I'm Kiays Khalil and you've been watching the Economic Calendar for Thursday, the 19th of January. Check back in for the next overview of news releases for Thursday.
Video made by Dukascopy specialists
