This week is inevitably going to be a slow mover due to the Christmas and St. Stephen’s Day/Boxing Day holidays celebrated in various major economies around the world.
However, there are still some key events due to take place this week, especially given the ending of the first chunk of the holiday season on Friday and a return to work for many on Friday 27th.
The 26th (Thursday) looked set to be a fairly gentle day in the forex markets, although there will be some things for traders to catch up on when they are back at their desks on Friday.
A speech from the Bank of Japan’s governor, Haruhiko Kuroda, will take place at midnight GMT.
The usual round of US jobless claims were set to be released in the US in the afternoon, despite the break for the holiday in the rest of the financial markets.
Continuing jobless claims for the dates around 13th December were set to come out at 1:30pm GMT and were expected to show a change from 1,722,000 to 1,691,000.
Initial jobless claims for the dates around 20th December were due to come out at the same time and were expected to show a change from 234,000 to 224,000.
Japan was due to come back into the spotlight later in the evening, with the Tokyo consumer price index (or CPI) excluding fresh food set to be released at 11:30pm GMT.This release, covering December, was expected to show no overall year on year change from 0.6%, where it was previously recorded.
The broader Tokyo consumer price index covering all goods in December was due out at the same time and was expected to show a year on year change from 0.8% to 0.6%.
Japanese unemployment figures for November were set to come out at 11:30pm GMT.
These were expected to hold firm as well, this time at 2.4%.
Retail trade figures from the major Asian country were due to show a month on month change from -14.4% to +4.6% in November.
These will be out at 11:50pm GMT.
In terms of central banking, a Summary of Opinions will be out at 11:50pm GMT.
This report will cover the Bank of Japan’s predictions for economic change in the country, including as it pertains to inflation.
Looking ahead to Friday, some European economies will begin to reactivate after the break.
Spanish retail sales information for November will be out at 8am GMT and is expected to show a year on year change from 2.6% to 3%.
November’s unemployment figures are expected out of Italy.
These were last recorded at 9.7%.
A Europe-wide economic bulletin will be out at the same time as the Italian figures.
This publication comes from the European Central Bank and replaced the old ECB Monthly Bulletin with which some traders might have been familiar.
In Switzerland, the ZEW Survey Expectations business conditions report from the Centre for European Economic Research will be out at 9am GMT too.