The Economic outlook for the week Ahead (15th - 21st January 2018)

Monday:

• Martin Luther king day - Markets are closed for the day in the US.

Tuesday:

• UK Consumer price index CPI (YOY) - This indicator should give the central bank a good idea of where inflation is heading, the forecast for Tuesday is 3% looking as if there still above there target of 2%.

• United States API weekly crude stock- The data here helps us to see the type of demand there is for all Crude stock and should be an indicator for Thursdays direction of Crude inventories.

• More Earnings releases for banks. E.g. Goldman Sachs, Bank of America, Morgan Stanley and more.

Wednesday:

Bank of Canada Monetary policy report and Interest rate decision - it is expected they are going to lift interest rates from 1% to 1.25%.

• European consumer price index (YOY) - All eyes are on the UK and Euro Data this week to see the expected inflation which is forecasted at 1.4% for the EU CPI index

Thursday:

China Gross domestic product ( GDP ) YOY - Forecasted to be 6.8%, in line with previous numbers reported.

US crude oil inventories - The data here helps us to see where oil prices are heading and whether or not inventories are increasing or not.
Recently we've seen higher prices for crude oil accompanied by lower inventories so Thursday will show us if this trend will continue.

• Philadelphia Fed manufacturing index

• US building permits - This is a key indicator of demand in the housing market and has gradually increased year on year.

Friday:

• Potential US Government shutdown - Republicans are looking for an increase in military spending while the democrats are seeking the same amount of funding to be spent domestically.

• UK retail sales (MoM) - Forecasted at -0.6%.

That's the outlook for the week, hope all you guys have a cracking week and comment on whether or not I missed an important indicator for the week, would love to hear some of your views.

Peace out Dr Dan.