Look ahead: Economic Calendar – for Thu Jan 8 2015

A midday look ahead in preparation for economic reports and events scheduled for the next trading day.

Highlights:  Notice that the ECB is not announcing its policy statement Thursday. That will come in two weeks. Their current meeting is non-monetary, having changed their schedule to every six weeks for monetary meetings. When the new structure was announced in July, ECB president Mario Draghi explained that the move would help stamp out expectations by financial markets for action from every meeting. I”ll leap-frog over commenting on whether avoiding decisions is more political than governing-like. Let”s just consider the ramifications of the BOE statement. Its influence on price action had become almost negligible with the ECB statement following shortly. Not anymore. So, this statement cycle will be interesting to assess for any new-found impact.

Fed speaker Evans
Wed 6:30 PM ET

*BOE policy statement
noon local

Challenger Job-Cut Report
7:30 AM ET

Gallup US Payroll to Population
8:30 AM ET

*Jobless Claims
8:30 AM ET

Bloomberg Consumer Comfort Index
9:45 AM ET

EIA Natural Gas Report
10:30 AM ET

Consumer Credit
3:00 PM ET

Fed Balance Sheet
4:30 PM ET

Money Supply
4:30 PM ET