CALENDAR/ CATALYSTS

TUESDAY: (Boxing Day, so bank holiday for many countries. Expected to see low volume):
US House Price index - Will probably show a MOM change of around 0.8% imo.
US 2 year auction - Will probably send 2 year yields lower, with better than expected demand.
WEDNESDAY:
JAPAN - BOJ will release their version of the fed minutes, from the meeting where they dovishly held rates stable, against expectations of a hike. My expectation is that this will probably send JPY lower as they reinforce their commitment to ultra easy. USDJPY to prop up
US - 5 year auction. Similar expectation to the 2 year auction the day before.
THURSDAY:
JAPAN - Retail sales.
US - Jobless claims - Expectation for it to come out slightly under forecast, due to Holiday seasonality.
FRIDAY:
SPAIN - inflation Rate preliminary reading for December. Significant as Spain CPI tends to be a leading indicator of Eurozone CPI. $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$