US retail sales highlight the economic calendar, Fedspeak coming too

<p>Today we find out just how generous Santa Claus was this year.</p><p>The US December retail sales report is due at the bottom of the hour and expected up 0.4% m/m or +0.2% on the control group. Expect a significant market reaction.</p><p>Released at the same time will be US import/export prices along with Canadian PPI, neither of which will be market movers.</p><p>Later we get US industrial production at 9:15 am ET, the business inventories at 10 am ET along with the NAHB housing market index. A 20-year bond sale is coming at 1 pm ET.</p><p>The Fed schedule features Bowman and Barr at 9 am ET but the topics sound wonky with Bowman speaking on "The Path Forward for Bank Capital
Reform" and Barr on "Cyber Risk"</p><p>At 2 pm ET we get the Beige Book with the Fed's Williams to speak at 3 pm ET.</p><p>All told, it will be a busy one and so far the market isn't in a great mood.</p>

This article was written by Adam Button at www.forexlive.com.