Thursday, the 26th of January, is a busy day, so let's see which releases stand out.
Aussie Dollar traders can take some time off to celebrate the Australia Day as markets will be closed.
Swiss Trade Balance for December comes at 7 AM. Trade surplus saw a notable growth in November as exports went up and imports declined.
German GfK Consumer Confidence for February is out at the same time. The January Index went up by point 1 points as consumers remained optimistic about economic growth and income expectations.
The closely watched British preliminary fourth quarter GDP follows at half past 9. The third quarter data came in stronger than anticipated, following a notable point 7% quarterly growth during the second quarter.
UK Mortgage Approvals for December is scheduled at the same time. The number of approvals eased in November, but it remains near the 6-month high reached the previous month.
Coming up next at 1:30 PM GMT is the closely watched weekly update on US Jobless Claims. The report has consistently showed strong performance, but the previous one still surprised on the upside as initial claims dropped by 15 thousand during the week ending January 14. The continuing claims went down as well, and by no less than 47 thousand during the week ending January 7.
US Preliminary Wholesale Inventories for December are out at the same time. Inventories rebounded with vengeance in November, obliterating a point 1% decrease the previous month.
The preliminary estimate of US January Services PMI follows at 2:45. The overall Index has been declining for the past 2 months, but the jobs creation remains strong.
Two news releases regarding the US economy in December will be available at 3, and New Home Sales is one of them. November data surprised on the upside as sales surged to a 4-month high.
Leading Index stood unchanged in November as declines in industrial and construction indices were reversed by jobs data and rising stock prices.
The high importance Japanese December CPI comes at 11:30 in the evening. Now, the annual inflation did accelerate in November, but the core reading painted a less optimistic picture as it has stood below zero for 9 months straight.
And the Aussie festivities will be over by half past midnight, when the Australian fourth quarter Producer Price Index is released. The Index did grow in the third quarter, but the increase was smaller than anticipated.
I'm Kiays Khalil and this was the Economic Calendar for Thursday. Friday brings the latest US GDP data, so do check back.
Video made by Dukascopy specialists
