EUROPEAN SESSION
In the European session, the only highlights are the final German Q4 GDP and the final Eurozone CPI report. The preliminary German Q4 GDP report beat expectations showing a 0.3% Q/Q growth. The preliminary Eurozone CPI figures saw headline CPI Y/Y coming at 1.7%, while the core CPI Y/Y printed at 2.2%. The final reports are rarely market-moving as traders react mostly to new information and especially the one that changes expectations. Today’s data isn’t going to change anything for the ECB.
AMERICAN SESSION
In the American session, we don’t have much on the agenda other than a couple of low tier releases like the US MBA mortgage applications and Canadian wholesale sales. These aren’t market-moving reports and they are not going to change anything for the respective central banks either.
CENTRAL BANK SPEAKERS
08:40 GMT/03:40 ET – RBA Governor Bullock (hawkish – voter)10:00 GMT/05:00 ET – ECB’s Vijcic (neutral – voter)15:40 GMT/10:40 ET – Fed’s Barkin (neutral – non voter)16:00 GMT/11:00 ET – Fed’s Schmid (hawkish – non voter)18:40 GMT/13:40 ET – Fed’s Musalem (hawkish – non voter)20:40 GMT/15:40 ET – RBA Governor Bullock (hawkish – voter)
This article was written by Giuseppe Dellamotta at investinglive.com.