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No major catalysts? No problem! There are plenty of medium-tier euro zone reports to watch out for throughout the week, and of course there’s good ol’ risk sentiment to keep tabs on.

Medium-tier euro zone data (starting Jan. 7, 7:00 am GMT)

Euro zone’s top dogs are slated to release a bunch of economic figures this week. While these individual reports don’t normally trigger a huge reaction from the shared currency, they’re still worth looking at if you want to get an idea whether the region is faring better or worse.

Germany is set to hit the ground running this week by printing both its factory orders and retail sales figures on Monday’s European trading session. Results might paint a different picture of the business and consumer sectors, with factory orders projected to dip by 0.2% and retail sales expected to accelerate by 0.4%.

Soon after in the same session, Sentix is set to release the investor confidence index for the region and a dip from -0.3 to -2.0 is eyed. The region’s retail sales figures are also up for release and a slower 0.2% uptick is eyed for November.

On Tuesday, German industrial production and French retail sales data are lined up, followed by Germany’s trade balance on Wednesday. Thursday has a bit more up its sleeve, including the French industrial production report and Italian retail sales data.

ECB meeting minutes (Jan. 10, 12:30 pm GMT)

Euro price action could be a bit more exciting around the middle of the week as the minutes of the latest ECB policy huddle are up for release.

Recall that their actual announcement wasn’t exactly on the upbeat end as the central bank simply ended the QE program as expected and reiterated their plans to keep rates  steady “through the summer of 2019.

What likely drew euro bears out to play then was head honcho Draghi’s downbeat remarks during the presser, not to mention the downgrades on economic forecasts for 2018 and 2019.

The monetary policy meeting accounts would likely contain more deets on what other committee members think of the region’s economic performance and their outlook. Indications that most policymakers have also shifted back to a less optimistic stance might lead rate hike expectations to be pushed back further.

Medium-tier Swiss data (starting Jan. 7, 8:00 am GMT)

Ha! It’s not the usual empty economic calendar for the Swiss franc this time!

Switzerland has a few medium-tier reports up for release this week, possibly providing clues on what the SNB might be up to. The central bank’s foreign currency reserves data is due first, and market watchers may be on the lookout for a big jump from the earlier 749 billion CHF figure as this would hint at potential intervention.

On the other hand, a meager increase or a decline could signal that the SNB isn’t too worried about franc strength and might even give the currency more room to take advantage of any risk-off flows.

Next up, Tuesday’s European trading session features the release of the Swiss unemployment rate and retail sales. The former could hold steady at 2.4% while the latter might show a 0.7% decline after the earlier 0.8% gain.

Wednesday has the CPI reading due and a 0.2% dip in price levels is eyed, possibly fueling speculations that the central bank could do something about slowing inflation.