Research Team at TDS, suggests that it will be a relatively quiet day in the US on the data front. Key Quotes “January’s NFIB Small Business Optimism is first up at 0600 ET; the market consensus is for a deterioration in confidence and for the survey falls from 95.2 to 94.5; TD looks for the survey to fall even further to 93.8. December’s wholesale inventories for are next up and expected to fall by 0.2% m/m; TD is less bearish and see inventories dropping 0.1%. For wholesale sales, TD is in line with the market at –0.4% m/m. Also on the calendar are JOLTS Job Openings. Later in the evening, the 2016 Presidential Election continues with the kickoff of the primaries in New Hampshire.” For more information, read our latest forex news.