Key releases and events this week ...Middle East

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Key releases and events this week

Economic Data Releases

Tuesday, January 14th

    United States:Core PPI m/m: 0.2% (previous: 0.2%)PPI m/m: 0.4% (previous: 0.4%)

    Wednesday, January 15th

    United Kingdom:CPI y/y: 2.6% (previous: 2.6%)United States:Core CPI m/m: 0.2% (previous: 0.3%)CPI m/m: 0.3% (previous: 0.3%)CPI y/y: 2.9% (previous: 2.7%)Empire State Manufacturing Index: -0.3 (previous: 0.2)

    Thursday, January 16th

    Australia:Employment Change: 14.5K (previous: 35.6K)Employment Rate: 4.0% (previous: 3.9%)United Kingdom:GDP MoM: 0.2% (previous: -0.1%)United States:Core Retail Sales m/m: 0.5% (previous: 0.2%)Unemployment Claims: 210K (previous: 201K)Philly Fed Manufacturing Index: -7.0 (previous: -16.4)

    Friday, January 17th

    China:GDP q/y: 5.0% (previous: 4.6%)Industrial Production y/y: 5.4% (previous: 5.4%)Retail Sales y/y: 3.5% (previous: 3.0%)United Kingdom:Retail Sales: 0.4% (previous: 0.2%)United States:Building Permits: 1.46M (previous: 1.49M)

    Federal Reserve Updates

    The Fed reduced expected rate cuts in December (dot plot adjusted to 2 cuts from 4).Market pricing:No rate change in January.Only a 22% chance of a rate change in March.

    Fedspeak Schedule (Subject to Change):

    Tuesday:FOMC Schmid (10 AM ET)FOMC Williams (3:05 PM ET)Wednesday:Barkin (9:20 AM ET)Kashkari (10 AM ET)Williams (11 AM ET)Goolsbee (12 PM ET)Fed Beige Book release (2 PM ET)Thursday:Williams (11 AM ET)

    Earnings Calendar

    Wednesday:

    CitibankWells FargoBlackRockBank of New York

    Thursday:

    TSMCUnitedHealthGoldman SachsBank of AmericaMorgan StanleyUS BancorpPNC This article was written by Greg Michalowski at www.forexlive.com.

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