What are the main events for today?

January 5, 2026
-FXnews

EUROPEAN SESSION

In the European session, we don’t have much on the agenda other than a couple of low tier releases. The Swiss Manufacturing PMI is expected at 49.6 vs 49.7 prior, but whatever the data shows, the SNB is not going to do anything in terms of monetary policy. The same goes for the Swiss Retail Sales data which is expected at 3.0% for the Y/Y figure.

The Eurozone Sentix index is expected -5.0 vs -6.2 prior. The ECB is comfortably in a neutral stance with policy decisions taken on a meeting-by-meeting basis and data dependent approach. The central bank has repeatedly stated that it won’t respond to small or short-term deviations from the 2% target unless there’s a clear shock in the economy.

AMERICAN SESSION

In the American session, the only highlight is the US ISM Manufacturing PMI. The index is expected at 48.3 vs 48.2 prior

What are the main events for today?

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