The main events of the day

On Thursday, January 25, the market will be focused on the results of the ECB meeting.

The market continues to assess the next decline in the US currency and adjust the position ahead of the data on the euro area.

At 09:00 – release of the consumer climate index in Germany (Gfk), the forecast is 10.8, the previous value is 10.8.

At 11:00 – publication of data on Germany:
– Index of business expectations in Germany, the forecast is 109.4, the previous value is 109.5.
– Assessment of the current situation in Germany, the forecast is 125.4, the previous value is 125.4.
– Index of the business climate of IFO Germany, the forecast is 117.1, the previous value is 117.2.

At 11:30 – announcement of the gross volume of approved mortgage loans in the UK, the forecast is 39.7K, the previous value is 39.5K.

At 14:45 – the results of the ECB meeting:
– The interest rate on deposit funds in the euro area, the forecast is -0.4%, the previous value is -0.40%.
– Interest rate on deposit funds in the euro area, the forecast is 0.00%, the previous value is 0.00%.

At 15:30 – publication of data on the US and Canada:
– The balance of foreign trade in the US goods, the forecast is -68.6D, the previous value is -70.00D.
– The number of initial applications for unemployment benefits in the US, the forecast is 240K, the previous value is 220K.
– The basic index of retail sales in Canada (m/m), the forecast is 0.8%, the previous value is 0.8%.
– The volume of retail sales in Canada (m/m), the forecast is 0.7%, the previous value is 1.5%.

Also, at 15:30 – a press conference of the ECB.

At 17:00 – announcement of data on real estate in the US:
– Sales of new housing in the US, the forecast is 679K, the previous value is 733K.
– Sales of new housing in the US (m/m), the forecast is -7.9%, the previous value is 17.5%.

Hanzenko Anton