If you have been enjoying the Christmas/New Year break my suggestion is to keep doing so, at least during the Asian timezone today. Its an unofficial market holiday and barring some sort of important news event price action is likley to remain subdued. On the other hand if you’ve been hard at it over the break, don’t let me stop you now.
On the ‘known unknowns’ front today we get very little data indeed.
At 2300GMT there is house price data due from Australia (‘Corelogic RP Data) for December, prior was -0.3%. This is not of immediate market interest for forex.
Much later in the day, 0530GMT we get (again from Australia) the RBA Index of Commodity Prices for December:
- Prior was -18.6% y/y
There is more on the RBA Index of Commodity Prices here if you would like to take the opportunity to learn more about it:
- Over the past year, the index has fallen by 18.6 per cent in SDR terms, largely driven by falls in the prices of bulk commodities.
- The index has fallen by 15.9 per cent in Australian dollar terms over the past year.
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Once Europe comes in there is a bit of data to be released, stay tuned for that.
