(All times GMT):
Tuesday 24th January
TBC – IMF publishes global growth forecast.
20:00 – UK Bank of England Governor speaks. His report which may give some clues as to the outlook for UK inflation and the prospects for further quantitative easing can be found here.
Wednesday 25th January
09:00 – German Ifo business climate index: The index measures current business sentiment and expectations for the next six months. The index is forecast to rise from 107.2 to 107.5 in January, the last four monthly reports have been higher than forecast.
09:30 – UK GDP 2011Q4 estimate: UK GDP is forecast to have contracted by 0.1% in 2011Q4, down from a 0.6% expansion in 2011Q3.
09:30 – UK MPC meeting minutes: Minutes will give an insight into voting intentions of MPC members regarding additional quantitative easing.
13:15 – EU ECB President Draghi speaks: Speech is likely to provide sentiment as to developments in resolving the European debt crisis.
19:15 – US FOMC interest rate decision: No change expected from 0.25%.
15:30 – EIA Crude Oil Market Report: The EIA (Energy Information Administration) will publish its weekly report on the U.S oil and petroleum market for the week ending on January 20th. Crude inventories fell by 3.4 million barrels last week, against expectations of a 3 million barrel build. The Latest report will be available here.
Thursday 26th January
13:30 – US core durable goods orders: Orders have increased over the past three months, but slowed from 1.7% to 0.3% in December. Orders are forecast to increase by 0.9% in the latest report.
13:30 – US initial jobless claims: Jobless claims are forecast at 370k, up from 352k the previous week. A higher than forecast figure is bearish for the US dollar and supportive of commodities.
Friday 27th January
13:30 – US GDP 2011Q4 preliminary estimate: The US economy is forecast to have grown by 3% on an annualised basis in 2011Q4, up from 1.8%. The latest estimate can be found here.
20:30 Commitment of Traders report: Data from CFTC provides a breakdown of the previous Tuesday’s open interest and net direction of bets. Latest report will be available here. and crude and cotton charts here.
For more detailed information please see the Live Economic Calendar