January 14 – The European Monetary Union will release its Industrial Production report to help the financial markets gauge the health of its industry. In October, industrial production fell 1.4% month-over-month, missing economist forecasts.
January 15 - The U.S. will report its Producer Price Index and Retail Sales data, providing insights into inflationary trends and consumer spending. In November, retail sales posted better-than-expected gains amid increased auto and electronics spending.
January 16 - The U.S. will report its Consumer Price Index (CPI) and Industrial Production reports, providing insights into inflation and the health of its manufacturing and exporting sectors. Interestingly, the Federal Reserve's decision to add employment to its list of concerns could lead to inflation rates higher than its 2% target rate down the road.
January 24 - The Bank of Japan will report its MPB Minutes and Merchandise Trade reports, providing insight into future monetary policy actions and the health of its export economy. The monetary policy will be largely driven by the country's elections that took place in late December.
January 25 - Japan will report its CPI data to give the market a better idea of inflation in the country. While inflation remains stubbornly low right now, the opposition candidate in the election had vowed for higher 2% inflation targets.
SEE: The Importance Of Inflation And GDP
January 30 - The U.S. will release its GDP report, providing insight into its economy as a whole. Between July and September, the country grew faster than 2.7% that originally reported, although that strength is expected to fade during the fourth quarter.
January 31 - Japan will release its Industrial Production report, providing insight into its manufacturing and export-based economy. In November, the country's output slowed to 1.6%, which was less than expected and signaled ongoing weakness.
InsightsJanuary China PPI and CPI data confirm the worlds biggest exporter is shipping inflation around the world.
TradingThe Consumer Price Index is a broad measure of inflation, and inflation can have a dramatic impact on a currency's value against rival currencies.