During the European morning, we get the Eurozone’s Final PMI figure for January and UK’s Services PMI for January which could move the GBP. Later on, we get the US ISM Non-Manufacturing PMI for January. Also please note that today Mr. Jerome Powell is to be sworn in as chairman of the Fed and any possible hawkish remarks or headlines about the Fed having four rate hikes in 2018, could strengthen the USD.
As for the rest of the week, a heads up for RBA’s interest rate decision announcement during tomorrow’s Asian morning. Also, on Tuesday in the US session we get the unemployment rate for New Zealand for Q4. On Wednesday in the US session we get RBNZ’s interest rate decision and on Thursday during the European morning we get Bank of England’s interest rate decision. Last but not least, on Friday we get China’s CPI rate for January and Canada’s unemployment rate for January.