The European Central Bank (ECB) Governing Council member Philip Lane said in an interview with the Irish Times that the ECB could add further stimulus measures if needed to reach the 2% inflation target.

"It's important to say that no door has been closed. If the data flow over the next number of months is that more needs to be done, more can be done," he said.

Lane noted that there is the uncertainty in the global economy.

"There's an unusually high amount of uncertainty at the moment," he noted.

The ECB kept its interest rate unchanged at 0.05% in December, but lowered its deposit rate to -0.3% from -0.2%. The asset-buying programme will be extended until the end of March 2017. Earlier, the asset buying programme was intended to run until September 2016. The volume of the monthly purchases remained unchanged.

Japan's Ministry of Health, Labour and Welfare released its labour cash earnings data on Friday. Labour cash earnings in Japan were flat year-on-year in November, missing expectations for a 0.7% rise, after a 0.7% rise in October.

Contractual earnings increased 0.5% year-on-year in November, while special cash earnings plunged 8.6%.

Total real wages slid 0.4% in November, after a 0.4% drop in October.

The Australian Industry Group (AiG) released its construction data for Australia on late Sunday evening. The Ai Group/HIA Australian Performance of Construction Index fell to 46.8 in December from 50.7 in November.

A reading above 50 indicates expansion in the sector, a reading below 50 indicates contraction.

The decline was driven by weak activity in the engineering and commercial construction sectors.

The U.S. Commerce Department released wholesale inventories on Friday. Wholesale inventories in the U.S. fell 0.3% in November, missing expectations for a 0.1 decline, after a 0.3% decrease in October. September's figure was revised down from a 0.1% decline.

The decline was driven by a fall in inventories of non-durable and durable goods. Inventories of non-durable goods decreased 0.5% in November, while inventories of durable goods fell 0.2%.

Wholesale sales slid 1.0% in November, after a 0.2% fall in October.

The Australian Bureau of Statistics released its retail sales data on Friday. Retail sales in Australia rose 0.4% in November, in line with expectations, after a 0.6% gain in October. October's figure was revised up from a 0.5% increase.

The increase was mainly driven by higher household goods sales and department stores sales. Household goods sales were up 0.6% in November, while department stores sales increased 0.6%.

On a yearly basis, retail sales climbed 4.3% in November, after a 3.9% rise in October.

Japan's Cabinet Office released its preliminary leading index data on Friday. The leading index decreased to 103.9 in November from 104.2 in October.

Japan's coincident index was down to 111.6 in November from 113.2 in October. It was the lowest level since March 2015.

The U.S. Labor Department released the labour market data on Friday. The U.S. economy added 292,000 jobs in December, exceeding expectations for a rise of 200,000 jobs, after a gain of 252,000 jobs in November. November's figure was revised up from a rise of 211,000 jobs.

The increase was partly driven by a rise in construction, professional and technical services, and health care. Health care sector added 39,200 jobs in December, professional and business services sector added 73,000 jobs, while construction added 45,000.

The manufacturing sector added 8,000 jobs in December, while mining sector shed 8,000 jobs.

The U.S. unemployment rate remained unchanged at 5.0% in December, in line with expectations.

Average hourly earnings were flat in December, missing forecasts of a 0.2% gain, after a 0.2% increase in November.

The labour-force participation rate increased to 62.6% in December from 62.5% in November.

These figures indicate that the Fed may raise its interest rate further this year. The Fed hiked its interest rates by a 0.25% to between 0.25% and 0.50% in December.

Statistics Canada released housing market data on Friday. Building permits in Canada slid 19.6% in November, missing expectations for a 3.0% decline, after a 9.9% gain in October. October's figure was revised up from a 9.1% increase.

The drop was driven by declines in residential and non-residential sectors.

Building permits for non-residential construction plunged 22.7% in November, while permits in the residential sector dropped 17.8%.

Statistics Canada released the labour market data on Friday. Canada's unemployment rate remained unchanged at 7.1% in December, in line with expectations.

The labour participation rate rose to 65.9% in December from 65.8% in November.

The Bank of Canada monitors closely the labour participation rate.

The number of employed people climbed by 22,800 jobs in December, exceeding expectations for a rise of 10,000 jobs, after a 35,700 decrease in November.

The increase was driven by a rise in part-time work. Full-time employment was down by 6,400 in December, while part-time employment increased by 38,400 jobs.

USD/JPY 117.05 (USD 200m) 119.20 (330m)

EUR/USD 1.0800 (EUR 775m) 1.1000 (534m)

GBP/USD 1.4750 (GBP 240m) 1.4800 (365m)

USD/CHF 0.9800 (USD 300m)

AUD/USD 0.7000 (AUD 351m)

USD/CAD 1.3900 (USD 628m)

EUR/JPY 129.00 (EUR 200m)

The Hellenic Statistical Authority released its preliminary industrial production data for Greece on Friday. Greek industrial production jumped 3.2% in November, after a 1.2% decline in October.

On a yearly basis, industrial production in Greece rose at an adjusted rate of 1.8% in November, after a 1.9% drop in October.

Production in the manufacturing sector increased at an annual rate of 1.1% in November, output in the mining and quarrying sector slid 1.3%, while electricity production climbed by 5.5%.

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

00:30 Australia Retail Sales, M/M November 0.6% Revised From 0.5% 0.4% 0.4%

01:30 Japan Labor Cash Earnings, YoY December 0.7% 0.7% 0.0%

05:00 Japan Coincident Index (Preliminary) November 113.6 Revised From 113.3 116.6

05:00 Japan Leading Economic Index (Preliminary) November 104.2 103.9 103.9

06:45 Switzerland Unemployment Rate (non s.a.) December 3.4% 3.7% 3.7%

07:00 Germany Current Account November 22.9 Revised From 23.0 24.7

07:00 Germany Industrial Production s.a. (MoM) November 0.5% Revised From 0.2% 0.5% -0.3%

07:00 Germany Industrial Production (YoY) November 0.5% Revised From 0.0% 0.1%

07:00 Germany Trade Balance (non s.a.), bln November 22.3 Revised From 22.5 20.6

07:45 France Industrial Production, y/y November 2.3% 2.8%

07:45 France Industrial Production, m/m November 0.7% Revised From 0.5% -0.4% -0.9%

07:45 France Trade Balance, bln November -4.87 Revised From -4.58 -3.95 -4.63

08:15 Switzerland Consumer Price Index (MoM) December -0.1% -0.3% -0.4%

08:15 Switzerland Consumer Price Index (YoY) December -1.4% -1.2% -1.3%

09:30 United Kingdom Total Trade Balance November -3.51 Revised From -4.14 -3.17

The U.S. dollar traded mixed to higher against the most major currencies ahead of the release of the U.S. labour market data today. Analysts expect that U.S. unemployment rate is expected to remain unchanged at 5.0% in December. The U.S. economy is expected to add 200,000 jobs in December, after adding 211,000 jobs in November.

Wholesale inventories in the U.S. are expected to decline 0.1% in November, after a 0.1% decrease in October.

The euro traded lower against the U.S. dollar after the release of the mostly weaker-than-expected economic data from the Eurozone. Destatis released its industrial production data for Germany on Friday. German industrial production fell 0.3% in November, missing expectations for a 0.5% gain, after a 0.5% rise in October. October's figure was revised up from a 0.2% increase.

The output of capital goods decreased 3.3% in November, energy output rose 2.5%, and the production in the construction sector was up 1.6%, while the production of intermediate goods climbed 1.1%. The output of consumer goods jumped 1.9%.

German industrial production excluding energy and construction declined by 0.8% in November.

Germany's seasonally adjusted trade surplus decreased to €19.7 billion in November from 20.5 in October.

Exports rose at a seasonally and calendar-adjusted 0.4% in November, while imports climbed 1.6%.

On a yearly basis, German exports increased 7.7% in November, while imports rose by 5.3%.

Germany's current account surplus was at €24.7 billion in November, up from €22.9 billion in October. October's figure was revised down from a surplus of €23.0 billion.

According to the French Customs, France's trade deficit narrowed to €4.63 billion in November from €4.87 billion in October, missing expectations for a decline to a deficit of €3.95 billion. Exports climbed 3.0% in November, while imports rose 2.0%.

The French statistical office Insee its industrial production figures on Friday. Industrial production in France declined 0.9% in November, missing expectations for a 0.4% decline, after a 0.7% rise in October.

The British pound traded lower against the U.S. dollar after the release of the U.K. trade data. The U.K. Office for National Statistics (ONS) released trade data for the U.K. on Friday. The U.K. trade deficit in goods narrowed to £10.64 billion in November from £11.20 billion in October. October's figure was revised down from a deficit of £11.83 billion.

The decline in deficit was driven by a drop in imports. Exports of goods dropped 1.3% in November, while imports slid 2.5%.

The total trade deficit, including services, narrowed to £3.17 billion in November from £3.51 billion in October. October's figure was revised down from a deficit of £4.14 billion.

The Canadian dollar traded mixed against the U.S. dollar ahead of the Canadian economic data. The unemployment rate in Canada is expected to remain unchanged at 7.1% in December.

Canada's economy is expected to add 10,000 jobs in December.

The Canadian building permits are expected to fall 3.0% in November, after a 9.1% rise in October.

The Swiss franc traded lower against the U.S. dollar. The Swiss Federal Statistics Office released its consumer inflation data on Friday. Switzerland's consumer price index fell 0.4% in December, missing expectations for a 0.3% fall, after a 0.1% decrease in November.

The decline was partly driven by lower prices for petroleum and food products.

On a yearly basis, Switzerland's consumer price index rose to -1.3% in December from -1.4% in November, missing forecasts for a 1.2% drop.

EUR/USD: the currency pair declined to $1.0858

GBP/USD: the currency pair fell to $1.4568

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

13:30 Canada Building Permits (MoM) November 9.1% -3%

13:30 Canada Unemployment rate December 7.1% 7.1%

13:30 Canada Employment December -35.7 10

13:30 U.S. Average workweek December 34.5 34.5

13:30 U.S. Average hourly earnings December 0.2% 0.2%

13:30 U.S. Nonfarm Payrolls December 211 200

13:30 U.S. Unemployment Rate December 5% 5%

15:00 U.S. Wholesale Inventories November -0.1% -0.1%

20:00 U.S. Consumer Credit November 15.98 18.25

EUR/USD

Offers 1.0900 1.0930 1.0950 1.0965 1.0985 1.1000 1.1025 1.1050

Bids 1.0850 1.0830 1.0800 1.0780 1.0750 1.0720 1.0700 1.0680 1.0665 1.0650

GBP/USD

Offers 1.4625 1.4640 1.4665 1.4685 1.4700 1.4725-30 1.4750

Bids 1.4600 1.4580 1.4565 1.4550 1.4530 1.4500 1.4485 1.4465 1.4450

EUR/GBP

Offers 0.7480-85 0.7500 0.7520 0.7550 0.7575 0.7600

Bids 0.7420-25 0.7400 0.7380-85 0.7365 0.7350 0.7335 0.7320 0.7300

EUR/JPY

Offers 129.00 129.30 129.50 129.80 130.00 130.30 130.50 130.75 131.00

Bids 128.50 128.20 128.00 127.80 127.50 127.00 126.80 126.50

USD/JPY

Offers 118.50-55 118.80-85 119.00 119.30 119.60 119.80 120.00

Bids 118.00 117.80 117.50 117.25-30 117.00 116.85 116.65 116.50

AUD/USD

Offers 0.7055-60 0.7080 0.7100 0.7120-25 0.7150 0.7180 0.7200

Bids 0.7025-30 0.7000 0.6985 0.6950 0.6930 0.6900

The Swiss Federal Statistics Office released its consumer inflation data on Friday. Switzerland's consumer price index fell 0.4% in December, missing expectations for a 0.3% fall, after a 0.1% decrease in November.

The decline was partly driven by lower prices for petroleum and food products.

On a yearly basis, Switzerland's consumer price index rose to -1.3% in December from -1.4% in November, missing forecasts for a 1.2% drop.

The U.K. Office for National Statistics (ONS) released trade data for the U.K. on Friday. The U.K. trade deficit in goods narrowed to £10.64 billion in November from £11.20 billion in October. October's figure was revised down from a deficit of £11.83 billion.

The decline in deficit was driven by a drop in imports. Exports of goods dropped 1.3% in November, while imports slid 2.5%.

The total trade deficit, including services, narrowed to £3.17 billion in November from £3.51 billion in October. October's figure was revised down from a deficit of £4.14 billion.

According to the French Customs, France's trade deficit narrowed to €4.63 billion in November from €4.87 billion in October, missing expectations for a decline to a deficit of €3.95 billion. October's figure was revised down from a deficit of €4.58 billion.

Exports climbed 3.0% in November, while imports rose 2.0%.

On a yearly basis, exports rose 2.0% in November, while imports gained 2.1%.

USD/JPY 117.05 (USD 200m) 119.20 (330m)

EUR/USD 1.0800 (EUR 775m) 1.1000 (534m)

GBP/USD 1.4750 (GBP 240m) 1.4800 (365m)

USD/CHF 0.9800 (USD 300m)

AUD/USD 0.7000 (AUD 351m)

USD/CAD 1.3900 (USD 628m)

EUR/JPY 129.00 (EUR 200m)

The French statistical office Insee its industrial production figures on Friday. Industrial production in France declined 0.9% in November, missing expectations for a 0.4% decline, after a 0.7% rise in October. October's figure was revised up from a 0.5% increase.

Manufacturing output increased 0.4% in November, while construction output climbed 0.2%.

Output in mining and quarrying, energy, water supply and waste management dropped 6.7% in November.

On a yearly basis, the French industrial production climbed 2.8% in November, after a 2.3% gain in October.

Destatis released its industrial production data for Germany on Friday. German industrial production fell 0.3% in November, missing expectations for a 0.5% gain, after a 0.5% rise in October. October's figure was revised up from a 0.2% increase.

The output of capital goods decreased 3.3% in November, energy output rose 2.5%, and the production in the construction sector was up 1.6%, while the production of intermediate goods climbed 1.1%.

The output of consumer goods jumped 1.9%.

German industrial production excluding energy and construction declined by 0.8% in November.

Destatis released its trade data for Germany on Friday. Germany's seasonally adjusted trade surplus decreased to €19.7 billion in November from 20.5 in October.

Exports rose at a seasonally and calendar-adjusted 0.4% in November, while imports climbed 1.6%.

On a yearly basis, German exports increased 7.7% in November, while imports rose by 5.3%.

Germany's current account surplus was at €24.7 billion in November, up from €22.9 billion in October. October's figure was revised down from a surplus of €23.0 billion.

The Swiss State Secretariat for Economic Affairs released its unemployment data for Switzerland on Friday. The Swiss unemployment rate remained at a seasonally adjusted 3.4% in December.

On a seasonally unadjusted basis, the unemployment rate in Switzerland increased to 3.7 in December from 3.4% in November, in line with expectations.

The number of unemployed people in Switzerland rose by 10,486 to 158,629 in December from a month earlier.

The youth unemployment rate was up to 3.7% in December from 3.6% in November.

Chicago Federal Reserve President Charles Evans said in a speech on Thursday that the Fed should hike its interest rate twice this year as inflation remains very low.

"I am less optimistic about the inflation outlook than most of my colleagues. Given the persistently-low- inflation record of the past six years and given how slowly inflation evolves when it is at such low levels, it may be difficult to return inflation to target over the next two or three years," he said.

"From my perspective, the costs of raising the federal funds rate too quickly far exceed the costs of removing accommodation too slowly," Evans added.

Evans is not a voting member of the Federal Open Market Committee (FOMC) this year.

Billionaire George Soros said at an economic forum in Sri Lanka on Thursday that the global markets are facing a crisis, noting that China is a main risk factor for the global economy.

"China has a major adjustment problem. I would say it amounts to a crisis. When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008," he said.

Soros pointed out that the slowdown in the Chinese economy and the devaluation of the yuan weigh on the global economy.

According to data from the Bloomberg Consumer Comfort Index, consumers' expectations for U.S. economy increased to 44.2 in in the week ended January 03 from 43.6 the prior week. It was the highest level since October 11.

The increase was driven by a more favourable assessment of the measure of views of the economy. The measure of views of the economy rose to 37.0 from 34.5.

The buying climate fell to 39.4 from 40.6.

The personal finances index increased to 56.2 from 55.6.

EUR / USD

Resistance levels (open interest**, contracts)

$1.1028 (5129)

$1.0978 (5421)

$1.0958 (2846)

Price at time of writing this review: $1.0859

Support levels (open interest**, contracts):

$1.0794 (9260)

$1.0747 (2896)

$1.0699 (4893)

Comments:

- Overall open interest on the CALL options with the expiration date January, 8 is 54936 contracts, with the maximum number of contracts with strike price $1,1100 (6696);

- Overall open interest on the PUT options with the expiration date January, 8 is 78455 contracts, with the maximum number of contracts with strike price $1,0800 (9260);

- The ratio of PUT/CALL was 1.43 versus 1.31 from the previous trading day according to data from January, 7

GBP/USD

Resistance levels (open interest**, contracts)

$1.4900 (519)

$1.4800 (589)

$1.4701 (552)

Price at time of writing this review: $1.4617

Support levels (open interest**, contracts):

$1.4597 (766)

$1.4499 (583)

$1.4400 (121)

Comments:

- Overall open interest on the CALL options with the expiration date January, 8 is 22604 contracts, with the maximum number of contracts with strike price $1,5100 (2007);

- Overall open interest on the PUT options with the expiration date January, 8 is 19040 contracts, with the maximum number of contracts with strike price $1,5100 (3084);

- The ratio of PUT/CALL was 0.84 versus 0.90 from the previous trading day according to data from January, 7

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

Economic calendar (GMT0):

Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual

00:30 Australia Retail Sales, M/M November 0.6% Revised From 0.5% 0.4% 0.4%

01:30 Japan Labor Cash Earnings, YoY December 0.7% 0.7% 0.0%

05:00 Japan Coincident Index (Preliminary) November 113.6 Revised From 113.3 116.6

05:00 Japan Leading Economic Index (Preliminary) November 104.2 103.9 103.9

06:45 Switzerland Unemployment Rate (non s.a.) December 3.4% 3.7% 3.7%

07:00 Germany Current Account November 23.0 24.7

07:00 Germany Industrial Production s.a. (MoM) November 0.2% 0.5% -0.3%

07:00 Germany Industrial Production (YoY) November 0.0%

07:00 Germany Trade Balance (non s.a.), bln November 22.5 20.6

The U.S. dollar advanced against the yen after Chinese stocks rebounded. However some analysts are warning that the greenback may weaken if Shanghai stocks lose momentum again.

Higher oil prices persuaded investors to favor higher yields and move away from the safe-haven yen.

The Australian dollar rose as gains in Chinese stocks outweighed weak domestic data. The AiG Performance of Construction Index declined to 46.8 in December from 50.7 reported previously. Meanwhile retail sales rose by 4% in November in line with expectations. October reading was revised to 6% from 5%.

EUR/USD: the pair fell to $1.0862 in Asian trade

USD/JPY: the pair rose to Y118.42

GBP/USD: the pair slightly declined to $1.4610

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

07:45 France Industrial Production, y/y November 2.3%

07:45 France Industrial Production, m/m November 0.5% -0.4%

07:45 France Trade Balance, bln November -4.58 -3.95

08:15 Switzerland Consumer Price Index (MoM) December -0.1% -0.3%

08:15 Switzerland Consumer Price Index (YoY) December -1.4% -1.2%

09:30 United Kingdom Total Trade Balance November -4.14

13:30 Canada Building Permits (MoM) November 9.1% -3%

13:30 Canada Unemployment rate December 7.1% 7.1%

13:30 Canada Employment December -35.7 10

13:30 U.S. Average workweek December 34.5 34.5

13:30 U.S. Average hourly earnings December 0.2% 0.2%

13:30 U.S. Nonfarm Payrolls December 211 200

13:30 U.S. Unemployment Rate December 5% 5%

15:00 U.S. Wholesale Inventories November -0.1% -0.1%

20:00 U.S. Consumer Credit November 15.98 18.25

(pare/closed(GMT +2)/change, %)

EUR/USD $1,0931 +1,38%

GBP/USD $1,4615 -0,09%

USD/CHF Chf0,9931 -1,42%

USD/JPY Y117,66 -0,68%

EUR/JPY Y128,60 +0,69%

GBP/JPY Y171,97 -0,77%

AUD/USD $0,7009 -0,87%

NZD/USD $0,6624 -0,21%

USD/CAD C$1,4113 +0,28%

(time / country / index / period / previous value / forecast)

00:30 Australia Retail Sales, M/M November 0.5% 0.4%

01:30 Japan Labor Cash Earnings, YoY December 0.7%

02:00 China Trade Balance, bln December 54.1

05:00 Japan Coincident Index (Preliminary) November 113.3

05:00 Japan Leading Economic Index (Preliminary) November 104.2

06:45 Switzerland Unemployment Rate (non s.a.) December 3.4% 3.7%

07:00 Germany Current Account November 23.0

07:00 Germany Industrial Production s.a. (MoM) November 0.2% 0.5%

07:00 Germany Industrial Production (YoY) November 0.0%

07:00 Germany Trade Balance (non s.a.), bln November 22.5

07:45 France Industrial Production, y/y November 2.3%

07:45 France Industrial Production, m/m November 0.5% -0.4%

07:45 France Trade Balance, bln November -4.58 -3.95

08:15 Switzerland Consumer Price Index (MoM) December -0.1% -0.3%

08:15 Switzerland Consumer Price Index (YoY) December -1.4% -1.2%

09:30 United Kingdom Total Trade Balance November -4.14

13:30 Canada Building Permits (MoM) November 9.1% -3%

13:30 Canada Unemployment rate December 7.1% 7.1%

13:30 Canada Employment December -35.7 10

13:30 U.S. Average workweek December 34.5 34.5

13:30 U.S. Average hourly earnings December 0.2% 0.2%

13:30 U.S. Nonfarm Payrolls December 211 200

13:30 U.S. Unemployment Rate December 5% 5%

15:00 U.S. Wholesale Inventories November -0.1% -0.1%

20:00 U.S. Consumer Credit November 15.98 18.25