- US ISM Manufacturing PMI (December) (January 4th at 15:00 GMT)
November's PMI printed at 61.1. The consensus forecast for December is 60.2.
Possible influence: Volatile US Dollar, Gold and US Stocks
- OPEC and Non OPEC Ministerial Meeting (January 4th)
OPEC and Non OPEC Ministers will meet to discuss whether to continue the current OPEC deal of adding 400k of oil output per month to the market.
Possible Influence: Volatile Brent and Crude Oil (WTI) prices
- U.S. Unemployment Rate and Non-Farm Payrolls (NFP) (December) (January 7th at 13:30 GMT)
The Unemployment rate for November was 4.2%. It is expected to fall 4.1% in December. Non-Farm Payrolls are expected to rise to 400,000 for December, higher than November’s figure of 210,000.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Inflation data in US (December) (January 12th at 13:30 GMT)
Core CPI (excluding food and energy) was 4.9%, Year-over-Year in November. December’s Core CPI is expected to rise to 5.4%, Year-over-Year. Top-line CPI for November came in at 6.8%, Year-over-Year. The forecast for Top-line CPI for December is 6.9%, Year-over-Year.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Retail Sales in US (December) (January 14th at 13:30 GMT)
Retail Sales rose 0.3%, Month-over-Month, in November. Retail Sales for December are forecast to drop 0.3%, Month-over-Month.
Possible Influence: Volatile US Dollar, Gold and US Stocks
- Bank of Japan Meeting (January 18th 03:00 GMT)
The Bank of Japan is expected to keep rates at -0.1%
Possible Influence: Volatile USDJPY
- Fed Meeting and Interest Rate Decision (January 26th 19:00 GMT)
Fed expected to hold rates at 0.25% but is likely to say more on tapering and give further signals on possible rate hikes this year. The Fed currently projects 3 likely rate hikes in 2022.
Possible influence: Volatile US dollar, Gold and US Stocks
- U.S. Fiscal Spending (January)
The Democratic Leadership in Congress may try once more to pass a version of the $1.75 trillion Build Back Better bill in the U.S. Senate. Chances are low that it will pass.
Possible Influence: Volatile US Stocks and Indices, Global Stocks and Indices, Commodities, Currencies
- Earnings (January)
4th Quarter earnings season kicks off in earnest in January. Most major financial institutions report the week of the 14th including Citi, Goldman Sachs, JPMorgan, Bank of America, Wells Fargo, and Morgan Stanley. Vaccine makers Moderna and Johnson & Johnson release their earnings in the last week of January. NASDAQ behemoths including Apple, Tesla, Facebook, Netflix, Microsoft all report their financials the last week as well. Other companies posting their quarterly earnings in January include IBM, Chevron, Boeing, AMD, Las Vegas Sands, McDonalds, and American Airlines.
Possible Influence: Volatile US Stocks and Indices