Participants
in global markets will be on a date with a number of important economic data
this week, led by the inflation reports due from the U.K. and the United States.
Analysts
expect the U.K. consumer price index, the preferred measure of inflation by the
Bank of England, to settle at 1.5 percent in the year through December.
Later
in the week, the U.K. will release important data, including retail sales and
monthly gross domestic product reports.
In
the U.S., following the release of the consumer prices data on Tuesday, investors
will carefully watch the producer prices figures, which may show a 0.2 percent
increase in December.
The
movements of the US dollar this week will depend on the impact of economic data
from the world's largest economy, in addition to the impact of signing the
phase-one trade agreement between the U.S. and China.
This
week, the U.S. will also release retail sales data and some data on the
housing, manufacturing sector and consumer confidence.
Finally, traders should
keep their eyes open on any comments from Fed officials, where FOMC members
Harker and Kaplan will speak today.