China Q4 GDP, December data
and Federal Reserve Chair Yellen speaking
Those will be the focus, and there isn't too much else.
2300GMT - ECB - Benoit Coeuré, Member of the Executive Board of the European Central Bank will be speaking. Draghi is a tough act to follow, but good luck to BC! Draghi overnight:
- Draghi faces down German inflation worries
- The silver tongued one worked his magic on the euro once again
- The ECB doesn't see any countries debt as unsustainable says Draghi
- Draghi: The ECB looked through the surge in inflation as we saw it as energy based
- We haven't discussed what will be cut from QE in April - Draghi
- Forex technical analysis: EURUSD lower as Draghi dismisses inflation uptick
- Draghi: ECB hasn't discussed reducing stimulus
- Draghi cuts the knees out of the euro as he laments low inflation
- Draghi: December ECB decisions have succeeded
0000GMT - Australia - new home sales (HIA) for November
0100GMT - Federal Reserve Chair Yellen speaking, at the Stanford Institute for Economic Policy Research (live link here: The Economic Outlook and Conduct of Monetary Policy)
0200GMT - China Q4 GDP and December Industrial production, Retail Sales and Fixed Assets Investment
- Q4 GDP expected 6.7%, prior 6.7% ... I'll have more on this to come
- December Industrial Production y/y expected is 6.1%, prior was 6.2%
- December industrial production YTD y/y expected is 6.0%, prior was 6.0%
- December Fixed Assets (excluding rural) YTD y/y, expected is 8.3%, prior was 8.3%
- December Retail Sales y/y, expected is 10.7%, prior was 10.8%
- December Retail Sales YTD y/y, expected is 10.4%, prior was 10.4%
0340GMT - BOJ monetary policy board member Nakaso (he is a Deputy Governor) speaking at a meeting held by the International Bankers Association of Japan in Tokyo
