Tuesday brings the latest Purchasing Managers Indices, so let's take a closer look with the Economic Calendar.
January PMIs from Euro zone countries are up first thing in the morning, starting with French data at 8 AM. The German index follows 30 minutes later, and the Euro Zone PMI comes at 9. The manufacturing index continued to improve in December as gains were recorded both in Germany and France, but the services index eased from the 12-month high reached in November.
UK Public Sector Net Borrowing for December follows at 9:30. The budget deficit was larger than expected in November, although it was smaller than the 12.9 billion deficit a year ago.
Coming up next at 2:45 PM GMT is the US Preliminary Manufacturing PMI for January. The Index has been growing for the past 3 months and now stands at its highest level in more than a year.
US Existing Home Sales for December are out at 3. November data surprised on the upside as sales reached their highest level since 2010.
Australian Westpac Leading Index for November will be available at 11:30. The Index stood unchanged in October, following two months of gains.
Japanese Trade Balance for December follows at 11:50. Trade surplus widened in November as exports grew faster than imports.
Australian fourth quarter CPI is scheduled at half past midnight, and it is a high importance release for the Aussie Dollar traders. The annual inflation picked up speed as adverse weather raised the prices for fruits and vegetables.
And New Zealand Credit Card Spending for December is out last at 2. Spending continued growing in November, but at a slower pace than the 10.1% gain the previous month.
I'm Hirofumi Kobayashi and this was the Economic Calendar for Tuesday, the 24th of January. Check back in for the next overview of news releases for Wednesday.
Video made by Dukascopy specialists
