FxWirePro: The Day Ahead- 1st February 2017

Lots of economic data and events scheduled for today and some with high volatility risks associated.

Data released so far:

• United Kingdom: BRC shop price index declined 1.7 percent y/y in January.
   
• Japan: Nikkei manufacturing PMI declined marginally to 52.7 in January.
   
• China: NBS manufacturing PMI marginally declined to 51.3 in January and non-manufacturing came at 54.6

Upcoming:

• United Kingdom: Nationwide housing prices for January will be reported at 7:00 GMT.
   
• Japan: BoJ governor Kuroda is scheduled to speak at 7:15 GMT.
   
• Spain: Markit manufacturing PMI will be reported at 8:15 GMT.
   
• Switzerland: SVME PMI report will be published at 8:30 GMT.
   
• Italy: Markit manufacturing PMI report for January will be published at 8:45 GMT.
   
• France: Markit manufacturing PMI report will be published at 8:50 GMT.
   
• Germany: Markit manufacturing PMI report will be published at 8:50 GMT.
   
• Eurozone: ECB will hold its non-monetary policy meeting today. Markit manufacturing PMI report for January will be published at 9:00 GMT. European commission released economic growth forecast report at 10:00 GMT.         
   
• United Kingdom: Markit manufacturing PMI report will be published at 9:30 GMT.
   
• United States: MBA mortgage applications number will be reported at 12:00 GMT. ADP employment report will be published at 13:15 GMT, followed by Markit manufacturing PMI at 14:45 GMT and ISM manufacturing PMI at 15:00 GMT. EIA will release crude oil inventory report at 15:30 GMT. FOMC will announce interest rate decision at 19:00 GMT.