The following are some of the important economic data that will be the focus of the market throughout the week.
German Industrial Production Data (Monday 3.00pm): Industrial production in Germany is expected to record an increase in December 2021 after experiencing a lower decline than expected in the previous month. The rising reading is forecast to continue to support the appreciation of the Euro in early trading of the week.
US Inflation Data (Thursday 9.30pm): After the jobs report came into focus last week, US inflation data will be given attention this week for investors to assess the central bank's actions on their monetary policy setting.
UK Gross Domestic Product Data (Friday 3.00pm): Assessing the growth rate of the UK economy, preliminary readings for the UK Gross Domestic Product (GDP) report for the last quarter of 2021 will be published over the weekend.
US Consumer Sentiment UoM Survey (Friday 11.00pm): Will have an impact on the movement of the US dollar at the close of trading this week is a preliminary report on consumer sentiment survey data in the United States by the University of Michigan which will give an indication of economic growth and inflation.
