This is the Dukascopy Economic Calendar for the final trading day of January.
German retail sales for December open this agenda at 7 AM. Sales bounced back sharply in November, after declining by 1% in October.
German unemployment change for January follows at 8:55. Unemployment has been declining steadily over the recent years.
Next up is the high importance Flash Euro Zone CPI for January. Inflation has eased back after reaching 2% early last year and it’s a key concern for the ECB.
US ADP employment report is a known greenback mover and January data is released at a quarter past 1 PM GMT. Employment jumped by a massive 250 thousand in the final month of last year.
Fourth quarter US employment cost index will be available fifteen minutes later. Compensation costs for civilian workers increased point 7 percent for the 3-month period ending in September.
A couple more reports regarding Canadian economy are out at the same time, including the high importance GDP data for November. Economy was unchanged in October as the increase in service sector was cancelled out by a decline in good-producing industries.
Canadian industrial product and raw materials prices for December is the final report scheduled at this time. Both of the indicators showed increases in November.
Chicago PMI for January follows at a quarter to 3 PM. Business Barometer rose to 67.6 in December, up from 63.9 in November, to stand at the highest level since early 2011.
US pending home sales for December are out at 3 PM. Sales increased slightly in November, building on October’s rise of 3 and a half percent.
Then we have the day’s key event at 7 PM when the high importance FOMC Monetary Policy announcement takes place.
Australian Building approvals for December will be released at a half past midnight. Some of the double digit gains are expected to be wiped out in this report.
China manufacturing PMI for January wraps up this agenda at 1:45 AM. December brought a surprise increase, which took the index further above the 50 level.
I’m Kiays Khalils and that’s all for Wednesday’s Economic Calendar.

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